Press Releases

June 17, 2010

iovation Partners with Failsafe Payments to Expand Fraud Protection for Merchants

Certo Payment Gateway Plus iovation Allows Merchants to Know Who to Trust Online

PORTLAND, Ore.- June 17, 2010 – iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, today 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 defense 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.”

About Failsafe Payments
Failsafe Payments is a Merchant Service Provider (MSP) based in Nicosia, Cyprus and Cleveland, Ohio and established in 2007 by a very experienced team within local and international e-payments. Certo Payment Gateway are integrated into multiple local and international payment brands, payment options, banks, MSPs, alternative payments, shopping carts, order systems, 3DSecure and 3rd party services such as advanced fraud scrubbing and loyalty programs and can be used by both Merchants and MSPs.

About iovation
iovation helps companies know which online visitors to trust in order to reduce fraud, abuse, and protect customers and online communities. We apply the world’s largest database of devices used to access the internet (computers and mobile phones) to determine the level of risk associated with any type of online transaction. Retail, financial, social network and gaming companies query iovation’s reputation database of over 300 million devices more than 5 million times each day. iovation delivers instant recommendations through our SaaS services across multiple points of end-user contact. For more information, visit www.iovation.com.