Callcredit Information Group has launched DeviceRisk which will be immediately available via its flagship Fraud and ID solution, CallValidate.
Powered by the risk solution from anti-fraud company iovation, DeviceRisk captures information relating to the device used by a consumer during any interaction and returns critical information in real time to highlight any risk associated to that specific device. Devices such as smartphones, tablets, laptops and desktops can all reveal vital hidden information highlighting potential acts of identity fraud during customer enrolment.
CallValidate, the market-leading fraud prevention and identity verification solution, has an unrivalled range of functionality that delivers enhanced trust whilst accurately pinpointing fraud risk. The product provides users with a complete holistic view during the entire customer enrolment process. CallValidate is highly flexible and can easily be configured to use as many or as few of the available suite of solutions in a single instant call and response. Delivering a range of outputs that can easily be aligned to customer enrolment strategy, CallValidate output includes a configurable decision, a score with the ability to create bespoke scorecards for customer or sector and approximately 100 configurable warning messages, all delivered with complete transparency of the underlying data matches and audit.
By embedding iovation’s technology into DeviceRisk, Callcredit customers can include risk information about devices to be used in real time within CallValidate’s scorecards to drive required trust and risk strategies. Callcredit first partnered with iovation in 2014 and is now building on that relationship by leveraging the company’s Reputation Network of over 2.5 Billion known devices and powerful business rules engine within the new DeviceRisk product.
About iovation
iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,000 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation’s database of more than 2.5 billion Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company’s device reputation database is the world’s largest, used to protect 12 million transactions and stop an average of 200,000 fraudulent activities every day.
The world’s foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation’s Fraud Force Community, an exclusive virtual crime-fighting network.
Source: Benzinga.com
