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News

Merchant Fraud Protection Extended With Partnership Between Iovation and Failsafe Payments

Iovation : 21 June, 2010  (Application Story)
ReputationManager from iovation is being used as part of the Certo Payment Gateway for enable merchants to explore transactions more deeply in an attempt to prevent transactional fraud
iovation has announced a partnership with Failsafe Payments to protect merchants and merchant service providers (MSPs) using Certo Payment Gateway.

Certo Payment Gateway is an e-payment platform that provides merchants and MSPs the ability to authenticate transactions. Certo allows merchants to accept multiple banks, acquirers, payment brands, 3-D Secure, shopping carts and other payment types. Now, with iovation ReputationManager, merchants and MSPs can:

* Determine whether or not a transaction is safe or risky
* Detect and prevent financial fraud while protecting good customers
* Uncover relationships between accounts and devices and expose entire fraud rings

"The iovation ReputationManager service will protect our merchants and MSPs from financial risk and also protect their customers," said Patrick Sallnert, chief operating officer for Failsafe Payments Europe and North America. "We are very pleased to work with iovation's award-winning technology for detecting fraud and abuse."

"We are excited to partner with Failsafe Payments and proud to be protecting a new group of online merchants from fraud and abuse. While 3-D Secure can help reduce chargebacks, a comprehensive, multi-layered approach is the best defence against cyber crime," said Greg Pierson, CEO and co-founder of iovation. "Our shared global database of online fraud and abuse sources and patterns will significantly improve the fraud management capabilities of Failsafe merchants and MSPs."
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