nTrust

nTrust

May 14, 2015 09:00 ET

nTrust and iovation Take Security in Cloud Money to a New Level

iovation further reduces fraud for global digital cash transfer service

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2015) - nTrust, the rapidly growing online and mobile money transfer platform that helps people around the world access, move and use their money instantly, has partnered with iovation to provide fraud protection to nTrust's growing community - where consumers can send money instantly to friends, family or businesses using a smartphone, tablet or computer. With some estimating payment fraud costing retailers $32 billion in 2014, iovation's device-based fraud protection and authentication service provides nTrust with powerful tools to fight online and mobile fraud.

"The mobile payment space is a relatively new one so it's important our community feel that their money is safe and protected," says Rod Hsu, President of nTrust. "Security is part of the foundation of our business, and aligning with iovation to help us achieve the most rigorous screening and highest standards will give our members additional peace of mind."

Both consumers and businesses are protected by iovation since its solutions assess the risk of known devices within similar sectors. Through the partnership, iovation monitors the reputation and history of fraud and abuse associated with each device connected to the nTrust community to identify high-risk transactions. iovation's shared network houses the "digital fingerprint" and reputation of more than 2.5 billion devices used in billions of transactions at hundreds of businesses around the world.

"iovation's device intelligence helps us stop fraudsters before they ever get into an account and do any damage," said Angela Biener, Chief Operating Officer at nTrust. "Overall, iovation has helped us significantly improve our security, operational efficiencies and customer experience."

"In the past year alone we've seen mobile payments really take off," said Molly O'Hearn, Vice President of Operations at iovation. "We're proud to partner with a company that's dedicated to minimizing the risk for fraud so that consumers and businesses alike feel comfortable while navigating and using emerging mobile payment options."

For more information on nTrust's integration with iovation, visit www.iovation.com/nTrust.

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

  • For further information regarding nTrust, please contact:
    Katie Stevens
    katies@talkshopmedia.com
    778.868.0906

    For further information regarding iovation, please contact:
    Connie Gougler
    Director of Marketing
    iovation Inc.
    503-943-6748