iovation Launches Sophisticated Machine Learning Fraud Detection Solution

PORTLAND, OR–(Marketwired – Sep 20, 2016) –  iovation, the leading provider of device-based solutions for authentication and fraud prevention, today announced the launch of iovationScore. The unprecedented scale of iovationScore’s global device network along with its highly advanced use of adaptive algorithms make iovationScore the industry’s most robust machine learning fraud detection solution. It provides businesses with the power to predict the trustworthiness or riskiness of an online transaction even if they have never seen the customer or device before. iovationScore helps businesses grow revenue by identifying good or trustworthy customers. In addition, it reduces friction for existing trustworthy customers by eliminating time consuming and frustrating step-up challenges. iovationScore also helps reduce fraud prevention costs by minimizing resource-intensive manual reviews and eliminating the need for expensive verification tools for trusted transactions.…

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