PORTLAND, Ore – March 21, 2007 – iovation, the device reputation authority for online fraud management and authentication, announced today that Jon Karl, co-founder and senior vice president of business development was appointed as a Merchant Risk Council Board Advisor. In this position, Mr. Karl will work with online merchants to address fraud and risk issues impacting the growth of the online channel.
"The MRC is a well-established organization that is fully committed to providing merchants with practical, best practice approaches that mitigate the risk inherent in online transactions," Karl said. "In this role, I plan to share our insight as a provider of solutions that will help win the war."
iovation pioneered the use of PC reputation technology for online fraud management and multi-factor authentication. iovation Reputation Services™, a Software as a Service (SaaS) family of solutions, links user accounts with PCs and utilizes the reputation of those PCs to guard against online fraud.
The Merchant Risk Council consists of more than 7,800 merchants, vendors, financial institutions and law enforcement agencies. Founding members of the MRC include Apple, Hewlett Packard and Expedia. MRC subscribers share the common goal of protecting and encouraging the thriving online commerce industry by establishing best practices for cyber-fraud prevention. In addition, the MRC works with federal and local law enforcement agencies such as the Federal Bureau of Investigation, Secret Service, the U.S. Department of Justice and the U.S. Postal Inspectors to help catch and prosecute cyber criminals.
"Jon brings a fresh new perspective to our Board," said Tom Donlea, executive director for the Merchant Risk Council. "The MRC community welcomes Jon’s practical experience and commitment to fighting online fraud".
Karl is an experienced entrepreneur who co-founded two companies. The first company was an online solutions provider who helped its customers manage significant fraud. iovation provides software solutions for fighting fraud. As a thought leader and industry expert, Karl is a sought after speaker with more than 18 years of experience in the financial services, marketing and software industries.
iovation, headquartered in Portland, Oregon pioneered the use of device reputation for managing online fraud, abusive behavior and multi-factor authentication. Today, iovation manages the reputation of millions of Internet-enabled devices worldwide, allowing its customers to control online fraud and abuse while benefiting from sharing device reputation intelligence. For more information on iovation and the company's products, visit www.iovation.com.