Callcredit Information Group

Callcredit Information Group

June 04, 2015 01:00 ET

Callcredit Launches DeviceRisk to Protect Customer Enrolments

Risk viewed in a new dimension

LEEDS, UNITED KINGDOM--(Marketwired - June 4, 2015) - Callcredit Information Group has today (3rd June 2015) 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.

John Cannon, Fraud and ID Director at Callcredit commented: "The increased importance placed on digital identity trust has been the core focus of our strategy; we enable consumers to carry out the types of instant secure interactions that are driving the digital economy. Next time you interact via a digital channel such as web or mobile app to apply for a financial product, obtain an insurance quote, transfer a credit card balance, add funds to a digital wallet, make a payment or place a bet on the Grand National, it is likely that Callcredit Information Group is the trust partner making that instant interaction possible.

"We are delighted to launch DeviceRisk which adds a further new dimension to our customer processes, enabling risk to be identified more accurately whilst making genuine customer's enrolment more seamless."

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.

"The iovation risk service offers Callcredit clients the ability to narrow down the credit applications that pose higher risk due to known fraud from the device used, odd acquisition patterns and fraudster attempts to hide their true location," explained iovation's Vice President of Product, Scott Olson. "By understanding transactions from the device perspective, you can stop fraudsters before they impact your business, customers and brand reputation."

To find out how DeviceRisk can help your business detect and prevent fraud, contact your Callcredit Relationship Manager or Callcredit's Fraud & ID Team - 0113 388 4300, email Fraud&ID@callcreditgroup.com.

About Callcredit Information Group - www.callcredit.co.uk

Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products for their clients to assess a customer's credit risk and affordability and their experts in collections and recoveries provide tailored debt recovery and tracing tools. Their market analysis and network planning function helps organisations develop profitable retail networks, and their tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

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. For more information, visit iovation.com.

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