iovation Offers Online Fraud Prevention Solution in Japan

iovation, a provider of online fraud detection solutions, announced today that its suite of anti-fraud solutions would be available in Japan through a partnership with Tokyo-based Info Innovation Japan, Inc.

Info Innovation Japan will exclusively represent iovation’s solutions to online communities, retailers, online gaming, financial services and payment service providers.

ReputationManager 360, iovation’s risk mitigation service, protects online businesses by identifying unique devices and assesses transaction risk through its industry-leading combination of shared device reputation and real-time risk evaluation. Risk assessments are performed in real-time without collecting personally identifiable information (PII).

Based on customizable business rules, iovation’s customers are able to automatically Accept, Deny or Review any transaction at any integration point — including account creation, login, account change, deposit or withdrawal and checkout. As a result, businesses can more quickly process legitimate orders and minimize fraud without negatively impacting the end user experience. “iovation has been performing reputation checks on devices and groups of devices originating from Japan for over six years. A large majority of traffic is coming from online communities such as social networks and dating sites, followed by online gaming and financial services,” says Yasuhiro Miyake, CEO of Info Innovation Japan.

iovation’s knowledge base contains data on over 450 million devices from every country in the world and iovation analyzes more than 5 million transactions and stops over 100,000 fraud attempts every day.