iovation and NetSpend to Detail the Top Types of Fraud Impacting the Prepaid Card Industry
20 Março 2013 - 9:15AM
Marketwired
iovation, protecting business across the globe from Internet fraud
and identifying good online customers with its device reputation
technology, today announced it will detail the top types of online
fraud affecting the prepaid card industry. These include card
compromise, identity theft and social engineering. Max Anhoury,
iovation's Vice President of Global Sales, will discuss these
findings alongside Neil Gilbert, Fraud Manager at NetSpend,
(NASDAQ: NTSP), a provider of general-purpose reloadable (GPR)
prepaid debit cards and related alternative financial services to
underbanked consumers in the United States, at the upcoming 2013
Merchant Risk Council (MRC) Annual e-Commerce Payments & Risk
Conference in Las Vegas, Nevada. The session entitled, "Identifying
and Preventing Fraud in the Prepaid Industry," is being held on
March 27 at 1:30pm PDT.
"Consumers spend millions of dollars on prepaid cards at
retailers, making it a highly visible target for cybercriminals,"
said Anhoury. "With this session we want to share how scammers
exploit prepaid card issuers and their customers in order to ensure
fewer fraudulent transactions slip through the cracks."
A prepaid card is used to access money paid in advance and
refers to a number of different types of cards. Fraud most often
occurs during prepaid card application, online account activation,
and online account access and management. In the session Anhoury
and Gilbert will share the top types of fraud impacting prepaid
online transactions, the top methods prepaid card companies use to
stop online fraud and how analyzing historical device behavior is
key to mitigating such fraud.
ReputationManager 360 by iovation is leveraged by many of the
world's largest prepaid and credit card issuers to stop fraudsters.
The solution tracks the online behaviors of 1.2 billion devices;
everything from desktops to laptops, mobile phones to tablets, and
gaming consoles to smart TVs. By utilizing iovation's device
reputation intelligence gathered across its network of thousands of
security professionals and their online businesses, prepaid card
companies can determine whether or not a device is likely to
conduct a fraudulent transaction.
iovation has been a sponsor member of the MRC for the past eight
years and will be exhibiting in booth 1226 at the 2013 MRC Annual
e-Commerce Payments & Risk Conference.
About iovation iovation protects online
businesses and their end users against fraud and abuse through an
industry-leading combination of advanced device identification,
shared device reputation and real-time risk evaluation. More than
2,000 fraud managers around the globe leverage iovation's database
of Internet devices and relationships between them to determine the
level of risk associated with any type of online transaction.
Retail, financial services, social network, gaming and other
companies make real-time queries to iovation's knowledge base of
more than 1.2 billion devices from every country in the world.
Clients also leverage iovation's Fraud Force Community, an
exclusive virtual crime-fighting network of the world's foremost
security experts sharing intelligence about cybercrime and
prevention techniques. Every day, iovation stops more than 150,000
fraud attempts. For more information, visit www.iovation.com.
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CONTACT: iovation Inc. Connie Gougler 503-943-6748 Email
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