Kount > Kount announces Preferred Partner Agreement with Chase Paymentech

Kount announces Preferred Partner Agreement with Chase Paymentech

10-Nov-2008

BOISE, Idaho - Kount, a subsidiary of Boise, Idaho-based Keynetics Inc., today announced that the company has signed a preferred partner agreement with Chase Paymentech that gives Kount an important channel partner in the competitive card-not-present payment processing service sector.

Chase Paymentech, a leader in merchant services, has been on the leading edge of ecommerce, providing services to many of the world's most recognized Internet companies. "We are excited to expand our relationship with Chase Paymentech," said Steven Rouse, Chief Operating Officer of Kount. "We believe Kount's advanced fraud control technology, combined with Chase Paymentech's world-class payment processing services is a winning combination for online merchants."

Under the preferred partner agreement, Kount will recommend Chase Paymentech processing services to its merchant customers and work with Chase Paymentech to provide the latest in fraud detection services to those existing Chase Paymentech merchants who seek additional fraud protection for their card-not-present transactions. Both Kount and Chase Paymentech support the major card brands as well as alternative payment services.

About Kount

Kount® is the most advanced fraud-fighting technology available today. Developed by Keynetics with online and catalog merchant needs in mind, Kount defends against both traditional and emerging fraud threats. Kount defends against botnets and other organized crime using a formidable array of tools including two patented technologies - device fingerprinting, and proxy-piercing - along with Dynamic Scoring™, geolocation techniques, and real-time data streams from websites all across the globe.

Kount provides merchants with maximum risk management control and flexibility, while automating costly manual review processes to improve the bottom line. For more information about Kount, please visit www.kount.com.

About Chase Paymentech

Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in over 130 currencies. The company's state-of-the-art platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing.

With a legacy of innovation and vision in electronic payments, Chase Paymentech has promoted the growth of e-commerce worldwide. The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding, Chase Paymentech's consultative approach helps today's small and emerging businesses become tomorrow's industry leaders. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.