Ukash adopts iovation fraud protection technology

Source: Iovation

Iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, today announced that Ukash, the world's largest e-money network, has adopted iovation ReputationManager 360 for global fraud protection across its growing line of e-commerce payment services.

Through its ubiquitous single-use prepaid voucher, Ukash enables consumers to convert their cash into electronic money which can then be spent at participating merchants, reloaded into e-wallets and prepaid cards or sent around the world. Ukash are constantly innovating to broaden the utility of the voucher and now also offer Ukash NEO - a virtual prepaid MasterCard which can only be obtained with a Ukash voucher and allows consumers to spend at any website accepting MasterCard.

"As the world's leading e-money network, it is essential that we remain at the forefront of the fight against e-crime and money laundering. To that end, it was a logical step to partner with iovation, the world's device reputation leader," said Chief Risk Officer, Stan Rubin. "As we continue to innovate our offering with additional products through new channels in an ever-expanding number of territories, iovation ReputationManager 360 will help Ukash spot cyber criminals upfront."

iovation ReputationManager 360 is a comprehensive fraud prevention solution that combines customizable business rules, risk profiles, and the shared experiences of more than 2000 fraud analysts from leading brands worldwide. The service helps online businesses stop criminals before they have a chance to do damage to their business and customers. More than 30 major financial services firms use iovation's fraud protection service to gain greater flexibility and control over the activity on their website by incorporating deep intelligence about end-user devices, associated accounts, and shared history.

"We are honored that iovation has been chosen to protect Ukash e-commerce payment solutions," said iovation CEO and Founder, Greg Pierson. "Ukash joins a growing group of the largest financial services clients in the world that report and share their fraud and abuse experiences. Together, we've created a collaborative environment to mitigate risk and help make the Internet a safer place to intteract and do business."

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