Summit Racing and iovation Team Up to Win the Race Against Fraud
World’s Largest Direct Mail and Internet Supplier of Performance Parts
Leverages iovation ReputationManager 360 for Fraud Protection
PORTLAND, OR- September 28, 2010 – iovation, the device reputation authority protecting online businesses from fraud and abuse, today announces its newest customer, Summit Racing Equipment. iovation will help Summit Racing reduce fraud losses, increase operational efficiencies and maximize consumer confidence.
With the increase in e-commerce payment fraud, merchants must leverage proactive fraud prevention services that work in real-time and are easily customized to their unique business needs. Using iovation ReputationManager to stop cyber criminals before they have a chance to inflict damage, Summit Racing will be able to immediately identify the size and scope of an issue
and take appropriate action before its product leaves the warehouse. Summit Racing has gained greater control over the activity on its website by incorporating deep intelligence about end-user devices, associated accounts, and shared history.
“We continuously look for ways to improve efficiencies in manually reviewing orders, while minimizing losses from orders already shipped,” says Summit Racing loss prevention supervisor, Matthew Houchen. “With iovation we have reduced operational expenses, streamlined fraud prevention workflow, and our fraud analysts are now able to focus on those transactions that
require manual review.”
“We are honored that iovation ReputationManager 360 has been chosen to protect the world’s largest high performance automotive equipment supplier,” said iovation CEO and Founder, Greg Pierson. “We are excited to be helping Summit Racing Equipment minimize fraud loss by exposing thieves prior to shipment, while protecting their customer base and profits.”
About Summit Racing Equipment
Established in 1968, Summit Racing Equipment is the leading high performance parts and accessories company. Summit Racing offers the largest selection, lowest prices, and best customer service in the high performance industry via catalogs, Internet, and Retail Super Stores. The company is headquartered in Tallmadge, Ohio with retail locations in Tallmadge, Ohio;
Sparks, Nevada; and McDonough, Georgia.
About iovation
iovation pioneered the use of device reputation to stop online fraud and abuse. Using its proven device recognition technology, sophisticated pattern matching, and device-based risk scoring, iovation delivers an innovative approach to fraud protection. Over the last five years, iovation has
responded to billions of device reputation queries from merchants in multiple industries. The result is the world’s largest database of devices used in online fraud and abuse. iovation’s unmatched experience in device intelligence gives its customers the confidence they need to protect their good customers and keep the bad ones out.
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