Mergers & Acquisitions

Mergers & Acquisitions

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February 15, 2011

iovation and Affirmative Become Partners



iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, has entered a partnership agreement with  Affirmative Technologies, a technology provider offering a suite of electronic payment and risk management solutions to financial institutions, payment aggregators and third-party ACH processors.

According to the terms of the agreement, iovation (News - Alert) will provide its fraud protection for Affirmative Technologies to authenticate Web users before they enter sensitive areas of their clients’ websites.

“We are very excited to partner with iovation. Their anti-fraud solution combines the very best of real-time risk assessment with the power of true commercial evidence placement such as credit fraud and identity theft,” said George Bassous, CEO of Affirmative Technologies, in a statement. “iovation’s ability to handle the volumes and high availability requirements of the world’s most demanding financial clients make them the perfect choice as one of our fraud prevention partners.”

“iovation is pleased to have Affirmative Technologies offering iovation fraud prevention benefits to its customers,” said iovation CEO and Founder Greg Pierson (News - Alert). “Combining their expertise in electronic payments with our global device reputation service will ensure that ongoing payments are more secure than ever.”

Affirmative offers a complete suite of ACH services and software ranging from payment processing, integration services, e-commerce and merchant point-of-sale transaction processing (including check authorization, collections, mail-order/lock box processing and remote deposit capture). Affirmative’s payment software offers direct billers a single-source platform that enables their customers to pay bills online or through a call center with a virtual check or credit card. All applications are hosted in a secure environment with one of the top hosting providers in the financial industry.

A comprehensive fraud prevention solution, iovation ReputationManager 360 combines customizable business rules, risk profiles, and the shared experiences of more than 2,000 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.


Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.



Edited by Janice McDuffee
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