Iovation partners with Litle & Co over e-merchant services

iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, announces its newest partner, Litle & Co., a leading provider of online payment processing and consultative merchant services. This partnership will combine the payment management and fraud protection expertise of both companies in order to help online businesses increase payment security and reduce losses.

Together iovation and Litle & Co. have more than two decades of experience working with ecommerce companies to minimize fraud risk when accepting payments online. “Our real-time device reputation service in the payment stream provides a valuable option for Litle & Co.’s customers,” said Greg Pierson, iovation CEO and founder.

iovation ReputationManager exposes cybercriminals by identifying the computers they are using to steal from online businesses and blocking fraudulent transaction attempts. iovation shares the reputations of those devices with customers through the world’s largest database of device fraud histories, enabling companies around the globe to benefit from each other.

“Like iovation, Litle & Co. is extremely focused on the needs of online and card-not-present merchants,” said Jason Pavona, executive vice president of sales and marketing, Litle & Co. “iovation’s niche expertise is a perfect fit with our payment management engine for direct commerce, which is designed to offer our merchants fraud solutions that are specific to their needs.”

Litle & Co. is one of few payments companies focused exclusively on providing payment management services aimed directly at businesses in the card-not-present market. The collaboration of Litle & Co. and iovation is not only mutually beneficial—as both companies have an interest in increasing online companies’ access to secure payments—but will help businesses increase fraud prevention, while reducing the need for costly manual transaction review.

Both iovation and Litle & Co. are sponsor members of the Merchant Risk Council, the merchant-led trade association focused on electronic commerce risk and payments globally. Litle & Co. and iovation will be exhibiting at the 2010 Annual e-Commerce Payments & Risk Conference, held on March 16-28, 2010 in Las Vegas, Nevada.