Leading Analyst Firm Recognizes Kount as Web Fraud Detection Visionary for Second Consecutive Year
Boise, IDAHO – (June 21, 2013) – Kount Inc., a leading provider of fraud prevention technology, announced today that Gartner, Inc. has positioned the company as a visionary within its “Magic Quadrant for Web Fraud Detection” report for the second straight year. Recognized as the world's leading information technology research and advisory company, Gartner thoroughly assessed numerous companies to finalize its web fraud detection quadrant based on products or services designed to help organizations detect and prevent fraud that occurs over the web and mobile channels.
According to the May 30, 2013 report, “The Web fraud detection market grew more than 48% in 2012 as interest expanded across sectors and countries. Innovation in fraud prevention methods is imperative because thieves are increasingly circumventing old techniques, such as device identification.” Kount has seen similar trends as it expands its global operations across North America, Europe and Latin America and battling fraud with proprietary technology, including artificial intelligence, to accurately detect fraudulent activity as it occurs.
"We believe that the best risk management solution enables merchants to not only beat fraud but boost sales, enabling our clients to increase revenue and focus more resources on growing their business,” said Brad Wiskirchen, CEO, Kount. “We also believe being recognized by Gartner as a Visionary in the Web fraud detection space validates our philosophy and reinforces how successful Kount is at protecting online businesses around the world, whether they are a startup or a Fortune 500 enterprise.”
The Magic Quadrant for Web Fraud Detection report further defined Kount’s specific category, noting: “The Visionaries' products are easy to implement and use, and have achieved very good results in reducing online fraud for their clients using SaaS-based models. All have in common innovative research and development, a good understanding of their markets and solid strategies that poise them for healthy growth, assuming they can grow their sales and revenue while maintaining market responsiveness and good customer service.”
As Kount earned its second consecutive placement as a visionary within Gartner’s “Magic Quadrant for Web Fraud Detection” this year, its customers also recently recognized the company for the second straight year when the company received the Customer Choice Award for Fraud/Security Solution at the CNP Expo. The CNP Expo is an annual networking and educational event for merchants and other industry stakeholders to address the issues, challenges and opportunities facing merchants who accept card- or customer-not-present transactions.
Kount helps businesses boost sales by reducing fraud. Our all-in-one, SaaS platform simplifies fraud detection and helps online businesses accept more orders. Kount’s turnkey fraud platform is easy-to-implement and easy-to-use. Kount’s proprietary technology has reviewed hundreds of millions of transactions and provides maximum protection for some of the world’s best-known brands. Merchants using Kount can accept more orders from more people in more places than ever before. For more information about Kount, please visit http://www.kount.com.
About the Magic Quadrant
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