Experian, iovation join forces to prevent fraud

The joint companies will collaborate to fight fraud by using a combination of identity authentication, shared device reputation and risk evaluation. The integrated joint offering will use Experians Precise IDSM platform. The platform features risk-based authentication and risk assessments through a combination of identity element verification, risk scoring, progressive questioning and decisioning based on a holistic view of an identity in use. This combination helps to refine decisions on which identities should be allowed to enter a system and which should be further verified via alternate processes.

Combined with Experians Precise ID platform, iovations ReputationManager 360 service uses the past and current behavior of more than 1 billion devices to identify and re-recognize devices logging into an organizations website. This approach also exposes relationships among accounts with multiple vendors and identifies all of the devices associated with an individual without needing personally identifiable data.

Experian and iovation have also worked together to help US financial institutions implement the recent FFIEC Guidance entitled Supplement to Authentication in an Internet Banking Environment, which asks financial institutions to mitigate risk using a variety of processes and technologies employing a multilayered approach.
iovation provides online fraud and abuse management services for online retail and social networks, financial services and online gaming. Its device reputation technology ReputationManager 360 manages the reputation of 900 million devices and 7 billion associated transactions, from computers to tablets to mobile phones, across a range of industries.

Experian allows businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also provides individuals with the ability to check their credit report and credit score and protect against identity theft.