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Information Builders Helps iovation Clients Extend Data Analysis Capabilities Externally to Avoid Online FraudBI Provider Enables Reputation and Fraud Management Solutions Company to Give Users Real-Time Access to Vital Information (January 25, 2012)
NEW YORK, NY -- (Marketwire) -- 01/25/12 -- Information Builders, an independent leader in business intelligence (BI) solutions, today announced that iovation, a leading provider of reputation and fraud management solutions, is using the company's BI technology to give its users increased online access to business critical information. iovation is tapping Information Builders' WebFOCUS BI platform to enhance ReputationManager 360, its Software as a Service (SaaS)-based offering, enabling clients to perform simple and complex queries involving transaction details, evidence, and device histories, and to thoroughly investigate suspicious website visitors.
iovation's solutions are built around a knowledge base containing information for more than 700 million physical devices used to conduct online transactions. A "reputation" is then built for each device based on previous fraud history, associations with other bad accounts or devices, and real-time risk assessment. This helps iovation customers avoid online threats, including credit card theft, identity theft, account takeovers, and money laundering.
The addition of WebFOCUS to ReputationManager 360 gives customers and support staff access to previously unavailable intelligence; it also enables iovation to expand and reinforce the benefits it provides to its clients. Clients can now run a variety of reports about iovation system activities. For example, they may want to see how often their business rules are invoked so they know where the greatest threats exist. They may also want to run complete transaction histories or monitor the number of suspicious transactions over time to know when peaks occur. They can even obtain information about a specific device from a third party and investigate further to determine how that device has interacted with their site in the past.
"The ability to obtain real-time access to data online is increasingly being sought from business users and consumers alike," said Gerald Cohen, president and CEO of Information Builders. "Particularly in the reputation and fraud management industry, timely data analysis is a vital tool for any organization that wishes to stop suspicious transactions before they occur. By combining iovation's unique method for tracking the specific devices used to interact online with Information Builders' powerful BI capabilities, the company is empowering its clients to take a proactive approach to fraud and helping to make the Internet a much safer place to do business."
"Think of iovation as the world's biggest, baddest blacklist of bad computers," said Greg Pierson, iovation's CEO. "WebFOCUS gives it even more power by putting vital intelligence right at our customers' fingertips. We can now further protect our clients from fraud losses and help keep their valued customers safe, through real-time notification of potential threats, and the ability to share deep knowledge about devices that are interacting with their websites."
iovation protects online businesses and their end users against fraud and abuse through its industry-leading combination of shared device reputation and real-time risk evaluation. Two thousand fraud managers around the globe leverage iovation's database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation's knowledge base of 750 million devices from every country in the world. Every day, iovation protects more than 8 million transactions and stops over 150,000 fraud attempts. For more information, visit iovation.com.
About Information Builders
Information Builders provides software and services that bring smarter decision-making and streamlined processes to leading organizations in business, government, and education worldwide. The company's software is installed in tens of thousands of locations, servicing millions of users. Its WebFOCUS business intelligence (BI) platform delivers massively scalable information applications, analytics, and customer-facing portals to the new generation of information users to deliver game-changing business results. Its iWay Software integration platform allows enterprises to leverage all of their information resources to streamline internal and business-to-business processes while escalating the overall accessibility and integrity of information regardless of environmental complexity. Headquartered in New York City with 60 offices worldwide, the company employs 1,350 people and has established significant industry partnerships. Visit Information Builders at informationbuilders.com. For ongoing news, go to informationbuilders.com/new or follow Information Builders at @infobldrs.
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