Press Releases

May 24, 2010

iovation Named Finalist for Fraud and Compliance Solution of the Year

Online Gaming Industry Recognizes iovation for Stopping Cyber Crime and Protecting Players

PORTLAND, Ore.- May 24, 2010 – iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, has been named a finalist by eGaming Review (EGR) magazine for the 2010 fraud and compliance solution of the year. Now in its sixth year, the EGR Awards will be revealed during the EGR Live conference at the premier awards ceremony on June 14, 2010 at London’s Old Billingsgate.

Serving this industry since 2004, iovation keeps the world’s leading online gaming sites open for business while keeping fraudsters out. Independent of personally identifiable information and financial data, iovation expands the scope of protection for online gaming sites and players from fraud and abuse.

More than 50 major gaming providers, such as Entraction and WagerWorks, use iovation ReputationManager to minimize financial fraud, player collusion, bonus abuse, arbitrage, chip dumping and other abuses. WagerWorks, a premier provider of game content for online, mobile and interactive digital television, stopped 20 fraud rings comprised of 300 accounts on the very first day of implementing iovation.

“With iovation we can see associations between problematic accounts and devices. Before it was a hunch, now it is a process,” said Crystian Terry, director of casino operations at WagerWorks.

The power of iovation is in the shared community of customers who collectively fight fraud together. Thousands of fraud analysts access and interact with the world’s largest fraud database of device intelligence of over 300 million devices, gathered from reviewing billions online transactions. Our customers benefit from all of the fraud teams, tools, and knowledge across our entire customer base.

About eGaming Review
eGaming Review magazine and EGRmagazine.com are the world's acknowledged leaders in business-to-business information provision for the online gaming industry. Aimed at decision makers and analysts operating in the sector, they concentrate on the issues facing the industry and the challenges it faces, including payment processing, regulation, marketing and affiliate programs and technology, as well as breaking news on the latest developments.

About iovation
iovation, headquartered in Portland, Oregon, pioneered the use of device reputation to stop online fraud and abuse. Using its proven device recognition technology, sophisticated pattern matching, and device-based risk scoring, iovation delivers an innovative approach to fraud protection. Over the last five years, iovation has responded to billions of device reputation queries from merchants in multiple industries. The result is the world’s largest database of devices used in online fraud and abuse. iovation’s unmatched experience in device intelligence gives its customers the confidence they need to protect their good customers and keep the bad ones out. For more information, visit www.iovation.com.