Brookfield-based financial technology provider Fiserv Inc. has partnered with Portland, Ore.-based iovation to address internet fraud prevention.
Fiserv has integrated the company’s ReputationManager 360 in its authentication and fraud control solutions. 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, enterprise risk and resilience at Fiserv. “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.”
ReputationManager 360 will provide added security for Fiserv and its 16,000 global financial customers during enrollment, login and user interaction.
“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. We look forward to working with Fiserv to give their clients the choice to deploy our technology to secure their businesses.”