A Group of Online Casinos make decision to Decrease Fraud with iovation
15 November 2005

Bodog, Absolute Poker, PointBet and Nine.com, are four of the online gambling industry’s top website. Every year, each of these individual companies manages to produce millions of transactions, and for this reason, they want to make sure that they are doing everything they can to minimize the risk of fraud from occurring, while improving the value of their operations. Thus, these 4 progressive online gambling sites have decided to sign on iovation inc. to decrease fraud.

iovation inc., is an online fraud detection solution that is designed to track the status of devices. It has been developed to address those online industries that receive a high volume of transactions. The unique system that has been developed by iovation’s – ieSnare – is a back-end fraud protection system that matches online accounts to distinct device-identifiers. Therefore, now that iovation is providing their fraud management solutions to these 4 leaders in the online gambling industry, these companies are very hopeful for the future.

The President and CEO of iovation, Greg Pierson, commented that every dollar that is fraud has a direct connection to estimation. With the gaming industry continuing to capitalize on a growing customer base, iovation is working to decrease fraud and increase their value to their existing and potential customers “through the growth of the DRA”

If this new system turns out to be the huge success it is anticipated to be, then the online gambling industry will be able to decrease fraud from occurring, while continuing to provide their customers and themselves with the security and protection they need to run a quality business.