Kount and Spotify Take Home Retail Systems Award 2014 - Retail Security Initiative of the Year 2014


London – 31st October 2014 – Recognised by a panel of retail industry experts for its leading fraud prevention and security offering, the Retail Systems awards selected Kount and Spotify as the Retail Security Initiative of the Year 2014 at their annual award ceremony. Some of the key elements of the success story from Kount and Spotify:

  • Kount reduced Spotify’s chargeback rate by 98% — from 10% to 0.1%-0.2%.
  • Kount eliminated USD $145,000 in monthly chargeback costs and lost revenues.
  • Spotify can now confidently offer e-cards that contribute USD $10,000,000 in revenues.
  • Spotify doubled the number of e-cards sold in 2014 compared to the same period in 2013.
  • Kount assisted in expanding Spotify’s international reach to 57 countries in just 7 months.

“Fraud is a worldwide threat that impacts everyone doing business online, so we are thrilled to be recognised as the leading fraud solution amidst very formidable and global competition,” said Don Bush, VP of Marketing, Kount. “This adds to our ongoing momentum and history of industry successes, including winning the Emerging Payments Awards earlier this month, the recent launch of Kount Central, our continually expanding patent base and ongoing recognition for our innovation both as a company and driven by our leadership.”

The winners of the Retail Systems Awards were announced at a glittering black tie Awards Dinner and Ceremony at London’s prestigious Lancaster London Hotel, London, on Thursday 30th October 2014, in an evening that brought together hundreds of industry professionals for a night of networking and celebration.

About Kount

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 www.kount.com.

Media Contacts

Robert Jenkins (SkyParlour)
Tel 0844 2939 764
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Matthew Pears (SkyParlour)
Tel 07718 190 451
Email matthew@skyparlour.com