BROOKFIELD – Fiserv, a Brookfield-based financial technology
provider, on Tuesday said it has partnered with Portland, Ore.-based
iovation to address internet fraud prevention.
Fiserv, according to a company statement, has integrated the
iovation’s ReputationManager 360 in its authentication and fraud
control solutions. It identifies potentially fraudulent transactions
through analysis of online behavior of more than 1.5 billion devices
around the world, according to the statement.
iovation’s product uses the world’s largest device reputation
database to stop online fraud and identify good online customers.
"Fiserv is continuously looking for opportunities to provide
enhanced security and anti-fraud capabilities to our clients," said
Ed Sarama, chief security officer of Fiserv’s enterprise risk and
resilience. "We selected iovation through a rigorous evaluation
process, and our team assessed ReputationManager 360 as the leading
solution for endpoint analytics. Fiserv believes these analytics
combined with iovation's large cross-market device database will
provide our clients with another powerful option in the fight
against malware and online fraud."
Reputation 360 will provide additional security for Fiserv and its
16,000 global financial customers throughout enrollment, login and
"This is one of the most important strategic relationships I have
had the pleasure to be involved in," said Jon Karl, iovation
co-founder and vice president of corporate development. "We get to
expand our reach through one of the world's foremost financial
services technology solutions companies and Fiserv gets access to
powerful technology that's changing the way businesses fight fraud.”