SOURCE: iovation

iovation

July 30, 2015 08:15 ET

iovation Helps nTrust Eliminate Mobile Money Transfer Fraud

Prevents Downstream Fraud by Stopping It at Login While Reducing Customer Friction; To Detail in Upcoming Webinar

PORTLAND, OR--(Marketwired - Jul 30, 2015) - iovation, preventing fraud, identifying trustworthy customers and authenticating devices online and on mobile, today announced it is hosting a webinar outlining how to prevent fraudulent mobile money transfers. In "Protecting Digital Cash on the Move -- Stories from the Field," nTrust -- a Canadian online and mobile money transfer platform -- will detail how iovation's shared device intelligence helped reduce mobile money transfer fraud by 75 percent and friction for good customers. The August 12 webinar starts at 11am PDT.

"When it comes to mobile money transfers, cybercriminals act fast," said Angela Biener, COO at nTrust. "In under a minute, fraudsters can use a stolen credit card to move money around until it's transferred into their own accounts. We're excited to share in the webinar how real-time access to device reputation intelligence has allowed us to significantly stop fraud and reduce review queues while improving our customers' experience."

In the webinar, Darcy Berringer, fraud management specialist at nTrust, will discuss how:

  • nTrust has reduced fraud through their unique rules-based setup
  • to reduce customer friction for a seamless user experience for good users
  • by stopping fraud at login, companies can prevent downstream damage

nTrust leverages iovation's database of more than 2.5 billion Internet-enabled devices such as laptops, mobile phones and tablets, and 23 million client-reported fraud and abuse reports to determine the fraud risk in a transaction. This is the latest in a series of webinars called "Stories from the Field" that features iovation's global clients spanning multiple industries, and their use of device-based intelligence to reduce risk, authenticate users and understand who their most trustworthy customers are.

For more information or to attend the August 12 webinar, go to http://bit.ly/1OefxE4.

About nTrust
nTrust is a rapidly growing online and mobile money transfer platform that helps people around the world access, move and use their money instantly. Using nTrust, members can send money to friends, cash out to their bank account, spend money through their phone, or load funds to a prepaid card to use anywhere the MasterCard® Acceptance Mark is displayed, online or in-person. nTrust's proprietary technology uses the highest encryption standards and is "PCI-DSS Level 1" certified -- the top global standard for operational and technical security designed by Visa, MasterCard® and American Express.

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.

Contact Information

  • CONTACTS:
    iovation Inc.
    Connie Gougler
    503-943-6748
    Email Contact