iovation and TWS Partner to Prevent Fraud in Travel and Leisure Industry
TWS Offers iovation ReputationManager 360 Fraud Protection Service to Online Booking and Travel Merchants
PORTLAND, Ore.--(PaymentsMarket)--iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, today announced a partnership with TWS, a leading technology solution broker for the travel and leisure industry. Based in Montreal, Canada, TWS will market and sell iovation’s fraud prevention services to travel and leisure booking services and other online merchants looking to reduce fraud losses and protect their brand.
“TWS is in a unique position to provide the travel industry a better, more efficient way of automating their operations.”
Travel fraud complaints filed by consumers with the Federal Trade Commission have been on the rise. Historically, complaints filed have included instances of deception in timeshare reselling, vacation certificate telemarketing, travel agent “credential mills” and the pitching of fraudulent travel flights. Since then, more sophisticated fraud operations have arisen such as cyber criminals selling underpriced tickets acquired using stolen identities. In one case in 2010, an airline ticket scam affected thousands of individuals and led to losses of over $20 million to airlines, financial institutions, merchants and consumers.
iovation ReputationManager 360 offers merchants the power to avoid losses by stopping cyber criminals before they damage the business or customers. With iovation, the real-time reputation checks help merchants automatically decide whether to allow, deny, or review transactions as they happen. Merchants can customize reputation and risk rules for each integration point (account creation, login, purchase, etc.) with custom weighting for each rule.
“Our clients look to TWS to recommend industry-leading solutions to help them boost profits and operate their travel businesses more effectively. Bringing iovation’s advanced device reputation technology to our client base will greatly complement their existing efforts,” said TWS Vice President of Sales and Marketing, Martin Crépeau. “Having access to the reputations of half a billion devices, plus the billions of associations between those devices, will allow our clients the ability to identify and shut down entire fraud rings.”
“We are excited that TWS will be representing iovation fraud protection services to their network of travel and leisure partners,” said iovation CEO and Founder, Greg Pierson. “TWS is in a unique position to provide the travel industry a better, more efficient way of automating their operations.”
TWS specializes in finding and adapting software solutions and Internet Services to their customer’s specific needs. Our Technical, Sales and eCommerce experts, a group of highly experienced professionals who have worked in international commerce and technologies since 1987, provided industry leading solutions and consultation that started with Travel and Leisure industry and has now widened the scope in making their solutions and services available to any industry.
iovation protects online businesses and their end users against fraud and abuse through our industry-leading combination of shared device reputation and real-time risk evaluation. 2,000 fraud managers around the globe leverage iovation’s database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation’s knowledge base of 500 million devices from every country in the world. Every day, iovation protects more than 5 million transactions and stops over 100,000 fraud attempts. For more information, visit www.iovation.com.