Kount Named as Finalist at The Payment and Retail Fraud Awards 201609-Aug-2016
Boise, ID 09/08/2016 – Kount, a leading innovator of solutions for fraud and risk management, has today announced that it has been recognised as a finalist for Anti-Fraud/Security Solution/Initiative of the Year at the Payments and Retail Systems Awards.
Kount have been shortlisted at the Payments Awards for a fourth consecutive year, having won the competition in each of the past three years. In recognition of its industry-acclaimed partnership with Ethoca, Kount have also been shortlisted for Most Innovative Online Product and Best Collaborative Solution at the UK Retail Fraud Awards.
Organised by FS Tech and Retail Systems, The Payment Awards celebrates the most outstanding payments solutions, initiatives and projects implemented in the past year. Kount’s nomination is in recognition of their work with a leading online travel retailer. Partnering with Kount allowed the retailer to:
- Increase sales from 72% to 84% with no increase in fraud
- Reduce manual reviews from 5% to 1%
- Go from declining around 25% of all transactions to a near 100% acceptance rate
- Maintain a 0.3% chargeback rate
The Retail Fraud Awards showcases outstanding individual and team performances, innovative new products and winning industry strategies in retail fraud and loss prevention. The judges have deemed that Kount’s ground-breaking partnership with Ethoca, announced in May this year, excels in each of these criteria.
For the first time, merchants now have an automated, all-in-one fraud prevention solution that combines Kount’s powerful, multi-dimensional fraud tools with Ethoca’s notification of confirmed fraud that occurs immediately after authorization or settlement.
The Retail Systems Awards recognises technology excellence and innovation within the retail sector. Winning entries come from retailers and technology suppliers who are leading the way in areas such as mobile, online, payments, loyalty and personalisation.
Don Bush, VP Marketing at Kount said: “We are honoured to have been shortlisted for such prestigious awards, especially for a fourth time at the Payments Awards. To have industry recognition for our work and achievements urges us on to continually improve our products and services. And we will have significant product announcements coming soon that we are all very excited about.”
Kount’s latest nominations mark the culmination of considerable momentum built up over the last 9 months. Since receiving an $80m investment in December, the largest in the industry’s history short of being a complete acquisition, Kount have announced a 50% year-over-year growth and the addition of more merchants in the past 12 months than in the previous three years combined.
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 reviews billions of data points 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.
For more information or to arrange an interview with Kount, please contact:
(00 44)0798 698 698