Global Banking & Finance Review: ONPEX Integrates Kount to Offer Best In Class Fraud Prevention


ONPEX, The Online Payment Exchange, has announced a strategic partnership with online fraud prevention leader Kount. The partnership will integrate Kount’s fraud prevention solution ‘Kount Central’ with ONPEX’s cloud based payment platform and making the award-winning fraud platform available to all ONPEX users. Kount’s fraud prevention solution works with some of the biggest names in the industry including Braintree and Chase Paymentech as well as directly with large brands such as gaming giant Jagex and music service Spotify.

Speaking of the partnership ChristophTutsch Founder and CEO of ONPEX commented;“ONPEX offers a complete payment suite and key to the success of this is making sure all the payments we facilitate are secure. By integrating with Kount we now are giving all our partners and merchants utilizing the ONPEX platform the ability to have the very best in online fraud prevention at the click of a button.”

This announcement is the first of many, which will see an increased focus from ONPEX to develop its partnership program.

Jack Alton Senior Vice President of Sales at Kount said of the partnership:“Partnering with innovative companies like ONPEX expands the availability of the Kount Central solution to more merchants, protecting them and their customers from fraudulent activity. We look forward to working with ONPEX offering a joint solution that maximizes customer acquisition and retention while mitigating fraud risk.”

Discussing the ONPEX partnership program Tutsch continued:“at ONPEX we believe it is time for a positive change in the global payments ecosystem – it needs simplifying. The barriers seeded by legacy banking institutions and payment schemes need to be eliminated by new technologies enabling better interaction.

The complete payment suite on the ONPEX unified payment platform is making a difference in the payment industry. We understand our partner’s merchants and our partners are confident in the knowledge that they are part of providing a very robust and secure payments solution for the industry.

The ideal solution is an easy-to-use, seamless application offering connectivity to all relevant payment products, and includes state-of-the-art services like cash-management, reconciliation, big data reports and sophisticated risk management into one unified platform. Our partnership program is providing just that.”

Source:Global Banking & Finance Review.