iovation Presents Mobile Security and Improving Systems to Mitigate Fraud at Upcoming Payments Summit

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.

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