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Web transaction geographical location tool helps beat fraud.

Quova : 12 February, 2008  (New Product)
Quova supports Oracle Identity Management programme with provision of risk assessment and fraud detection capability based on geographic location.
Quova has joined the Oracle Extended Identity Management framework. As a member of the framework, Quova has integrated its GeoPoint Internet geo-location data product to Oracle Adaptive Access Manager, an offering within Oracle Identity Management, enabling joint customers to benefit from a unified access management solution for assessing risk and detecting fraud during online transactions.

A comprehensive solution designed to prevent online identity theft and fraud, Oracle Adaptive Access Manager 10g features turnkey risk-based authentication and fraud monitoring features as well as support for financial and retail compliance requirements. The offering helps streamline compliance by providing organizations with comprehensive, integrated authentication and anti-fraud solutions to simplify deployment and strengthen their security through multi-factor authentication and proactive, real-time fraud prevention.

Through Quova's integration to Oracle Adaptive Access Manager , geo-location data is uploaded to Oracle's database repository to assist in the identification of suspicious transactions by instantly and accurately determining the real-world location of a Website visitor - down to the country, region, state or city level - as well as critical routing and connection data. Quova based risk assessment helps enterprise merchants using Oracle Adaptive Access Manager reduce their cost of fraud by improving detection rates, resulting in fewer false positives.

"Quova's partners look to Quova for reliable and accurate geo-location data. We are proud to be chosen as one of a just a few select members of the Oracle Extended Identity Management framework,' said Bill Varga, Vice President Business Development, Quova. "As a result of Quova's integration to Oracle Adaptive Access Manager, our mutual customers can more easily locate potential cyber criminals and thoroughly address online fraud threats.'

"The Oracle Extended Identity Management framework has made it easier for organisations to address their security and convergence requirements more efficiently," said Amit Jasuja, vice president, Development, Security and Identity Management at Oracle. "Quova's support of Oracle Adaptive Access Manager and participation within the Oracle framework provides further value to our customers who are focused on fraud detection and prevention."

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