Protecting Online Gambling Businesses From Fraud

How iovation ReputationManager™ works Nothing beats fraud like iovation

Protecting

Online Gambling Businesses

from Fraud

Online gambling is a perfect target for fraudsters. Their changing fraud schemes create untold financial challenges that directly impact business growth and profitability. Fraudsters engage in collusion using multiple new or existing accounts that often result in credit card fraud, chargebacks, chip dumping, account takeover, money laundering, and other types of hard-to-spot fraud losses. Often, there can be a significant time lag to discovering fraud, allowing fraudsters to benefit while company profits erode. Whether measured in dollars, tarnished reputations or operational inefficiency, the effective management of fraud needs constant vigilance when doing business in the online gambling environment.

Solution: iovation ReputationManager iovation ReputationManager is the most effective and proven fraud management solution available on the market today. iovation’s proven approach is completely transparent to the players and it exposes fraudsters by identifying their devices. When fraud is detected and reported by a site against a device or its associated account(s), the system flags them at once to prevent repeat offenders from hiding behind multiple identities. Additionally, iovation’s ability to share fraud information is achieving tangible results for the gambling industry by enabling industry-wide collaboration to stop fraud. The table below highlights the benefits cited most often by iovation customers:

Benefits

Increase profitability

Increase operational efficiency

protect your reputation

Protects players during the entire life cycle--from player login through all the player transaction(s) without any impact to player experience

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Reduces fraudulent transactions such as chargebacks and player collusion

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Allows online gambling sites to significantly grow deposit limits for existing and new customers at no additional cost

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Reduces operational costs, including fraud analyst headcount

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Enables geographic risk assessment and compliance to regulatory requirements

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Instantly share the benefit of four years of industry collaboration and data for fraud prevention

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Allows sites to negotiate more favorable terms with processors

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How iovation ReputationManager™ works

Gambling Site A

Gambling Site B

Gambling Site C

1

At player login and/or prior to any high-risk transaction, the subscribing gaming site requests the reputation of a device by providing player account and device identifiers without any personally identifiable information (PII).

2

iovation ReputationManager associates the account ID and the device information and sends them to the Device TM Reputation Authority (DRA) platform for real-time analysis.

3

The DRA exposes all abusive and suspicious associations between devices and accounts—even across multiple subscribing sites—without sharing any personally identifiable information (PII).

4

Within the DRA’s repository, associated devices and accounts can be flagged when negative evidence (such as credit card chargeback, collusion, money laundering or abuse) is reported by a subscribing site.

5

The iovation ReputationManager subscribers can then protect their site and players through the entire life cycle by making decisions based on their own criteria for accepting or denying player transactions.

For more information on iovation ReputationManager and other iovation Reputation Services to combat online fraud and abuse, visit www.iovation.com.

Sales inquiries: [email protected] General business and partnership inquiries: [email protected] 111 SW Fifth Avenue, Suite 3200 Portland, Oregon 97204 +1 503.224.6010 www.iovation.com

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