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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.
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