Kount Expands Intellectual Property with Issuance of New Patent
Boise, Idaho, October 6, 2011 -- Kount Inc, a leading operational provider of fraud prevention technology, today announced it was awarded its third patent this year. Expanding its portfolio of solutions and intellectual domain, Kount’s new patent enables secure money transfers over the Internet via email.
U.S. patent number 8,024,266 “Method for Secure, Closed-Loop Money Transfer Via Electronic Mail” was issued to Kount on September 20, 2011. This latest patent expands its portfolio of intellectual property by adding an additional eight claims to bolster several other patents in the security and fraud prevention space.
“Kount has a rich history of developing technology which enables our platform to provide the kind of security from fraud that merchants need to grow confidently and sell more things, to more people, in more places,” stated Brad Wiskirchen, CEO Kount. “Fraud evolves very quickly. Kount is committed and continues to develop new ways of finding and stopping criminals before they can impact Kount’s growing customer base.”
This is Kount’s third issued patent in 2011. Kount also has thirteen other pending patent applications related to cutting-edge technologies including: system identification, data collection, credential verification, payment fraud control and risk analysis. The company anticipates several additional applications will be filed in the coming months to further enhance its intellectual property portfolio and further enhance the Kount platform.
Kount delivers an all-in-one fraud and risk management solution for companies operating in card-not-present environments looking to simplify their fraud/risk operations and dramatically improve bottom line profitability. For each transaction, Kount’s fraud/risk assessment engine analyzes hundreds of relevant variables and activity across the globe in real-time, then delivers a highly predictive risk assessment in less than one second. Kount provides a single, turnkey fraud solution that 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. For more information about Kount, please visit www.kount.com.