Kount Releases Kount Central to Stop Fraud at the Payment ‘Choke Point’04-Sep-2014
Boise Idaho, London, UK 4/9/2014 Fraud and risk management technology leader Kount announced today the launch of Kount Central, a new service to combat fraud at the payment processor level. Aimed at the top of the payment chain, Kount Central is designed to integrate with online payment processors such as acquirers, payment service providers, hosted pay pages and payment gateways, enabling each to help all their merchants reduce the negative effects of fraud.
Brad Wiskirchen, CEO Kount comments: “Kount has years of experience helping online merchants around the world reduce fraudulent transactions. With the launch of Kount Central, we’re providing our industry-leading protection to stop fraud at the ‘choke point,’ moving up the payments ecosystem to the payments processor. Now processors can provide added value with proven services that will enable their merchants to increase sales without the fraud risk associated with online payments.”
As breaches become more widespread, payment processors increasingly face the challenge of providing a trusted, integrated fraud solution to merchants that reduces fraudulent transactions, while mitigating fines and penalties from regulators. As new technologies are rolled out for point-of-sale terminals at brick-and-mortar retailers, it is highly likely that cyber criminals will move online, making the challenge of a fraud-free payment process even more pronounced.
The Kount Central solution requires only a single integration with the payment processor, easing the technology implementation process considerably for merchants. With the IT hurdle out of the way, merchants can be up and running with an industry-leading fraud platform in minutes. Kount Central can then be implemented in any or all of three main models:
- Kount Central Enterprise enables processors to add value and increase the retention of their largest and highest volume customers. It offers a direct link into Kount’s comprehensive platform of tools and analytics. This level of Kount Central is a direct response to processors looking for ways to add value and step away from the price compression for these merchants.
- Kount Central Fraud Manager allows processors to develop their own custom dashboard interface for their merchants, with the capability to set fraud and risk parameters for their individual business. This interface, powered by Kount Central, is easy to use and understand. Like all Kount products it does not require dedicated fraud or IT managers to operate.
- Kount Central Portfolio Manager places a blanket of protection over all transactions conducted by any given payment processor, providing them with an accurate and comprehensive picture of where risk is within their merchant/customer base. Kount Central also strengthens internal reporting capabilities, revealing deeper insight into fraud and risk associated with individual merchants they service. Kount Central Portfolio Manager also helps payment processors that want to provide the added value of fraud protection to their entire merchant portfolio.
Currently, there are millions of online businesses globally serviced by only a few hundred acquirers. Kount Central gives payment processors the opportunity to create additional revenue streams, help overall margins and increase customer value, while simultaneously addressing new regulatory and compliance policies.
Wiskirchen concludes: “While fraudsters and cyber criminals continue to find new ways to steal from businesses and consumers, Kount continues to provide industry-leading fraud prevention for all types of merchants in the online world. With Kount Central we are meeting the problem head on at the most efficient and effective place to stop fraud, the payment processor.”
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.