PORTLAND, Ore.--(BUSINESS WIRE)--iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, today announced its upcoming panel presentation at the 3rd Mobile Contactless Payment Innovations Summit. Greg Pierson, iovation’s CEO and Co-Founder, will share insights on assessing risk and detecting fraudulent behavior from mobile devices such as tablets and smart phones. The Mobile Contactless Payment Innovations Summit takes place at the W Hotel City Center in Chicago, Illinois, on October 17th and 18th and features case studies, panel discussions and networking sessions for leaders in the payments industry.
With mobile payment options becoming more common, online businesses are expecting significantly more fraud as a percentage of sales. Since the beginning of 2011, iovation has already seen a significant growth in mobile transactions coming from online businesses, most notably in financial services, online retail and online communities such as social networks and dating sites.
Billions of online transactions are assessed for risk by iovation every year. As mobile has become an increasingly popular medium, iovation has seen mobile transactions increase by more than 300% annually, playing a critical role in online business. Of the mobile transactions assessed by iovation, 35 percent were from Android devices, 32 percent from iPhones, 24 percent from iPads, and 9 percent from Blackberry and other mobile devices.
The mobile security panel presentation will share with executives from retailers, banks, card issuers and payments networks the importance of mobile security, address common perceptions customers have towards mobile devices, mobile standards and practices, and the future for mobile security.
Panel Details:
Topic: Mobile Security: Improving Systems to Mitigate Fraud
Presenters: Greg Pierson, CEO and Co-Founder of iovation Inc., Marc Warshawsky, SVP Mobile Channel Executive at Bank of America, Kevin Gillick, Executive Director at GlobalPlatform, and Jack Jania, SVP GM Secure Transactions at Gemalto
Moderator: James Wester, Editor of Mobile Payments Today
When: Tuesday, October 18th, at 11:15 a.m.
Where: W Hotel City Center, Chicago, IL
“The explosive growth of mobile devices is quickly changing the landscape of digital commerce. As businesses rush to take advantage of the interesting opportunities this creates, equal consideration should be given to mobile security challenges and the new risk vectors created for both consumers and businesses,” said Greg Pierson, CEO and Co-Founder of iovation. “We’re looking forward to sharing our experience and participating in the upcoming Mobile Contactless Payments Innovations Summit.”
About iovation
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 more than 700 million devices from every country in the world. Every day, iovation protects more than 8 million transactions and stops over 150,000 fraud attempts. For more information, visit www.iovation.com.
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