Latest Release of Kount Complete™ Fraud Platform Adds New Visibility, Functionality04-Dec-2013
Boise, IDAHO, November 25, 2013 -- Kount Inc., a leading provider of fraud prevention and risk management technology, today announced the latest release of their flagship product Kount Complete™, an enterprise-level, all-in-one fraud and risk management platform.
In keeping with its reputation for industry-leading technology, Kount has added features and functionality, which increase performance, ease of use and operational efficiencies for customers. “Fraudsters never rest so we continuously innovate and develop new ways for our clients to find and stop fraud before it becomes a problem.” said Brad Wiskirchen, CEO, Kount. “This latest release gives greater insight to our clients, making it easier than ever to recognize harmful trends and stop fraud. On the positive side, the new dashboards and reporting features help uncover valuable information that can increase revenue as well.”
New features in Kount Complete 5.6 include:
Dashboards – This data visualization tool provides critical operational management out-of-the-box and up-to-the-minute insights into risk management efficiency. Several individual gadgets can be added to create a Dashboard that provides agents and risk management staff with minute-by-minute, real-time information.
Customization – Several new gadgets to allow dashboards and reports to be further customized making it easy to see many elements of a transaction and trends as they occur. Gadgets include:
- Real-Time Response Percentages
- Orders Decisioned Summary
- Score Distribution
- Top Recent “Approve, Review, No change or Decline” Rules
- Top Recent Device Countries
- Total Payment Amounts
The ability to monitor up-to-the-minute activity and metrics gives fraud managers a way to quickly spot shifts in fraudster activity and pinpoint weaknesses in their current fraud management strategy. For example;
An unexplained change in the distribution of the Top Recent Device Countries could indicate an attack by fraudsters from a specific region.
A shift in the Kount Fraud Score Distribution may indicate a targeted attack by fraudsters. A change in the Real-Time Response Percentages accompanied by an unexpected change in the Top Recent “Review” Rules could indicate a change in fraudster behavior resulting in more manual reviews than normal.
Samples of the new graphical tools, or gadgets, are shown below.
This new dashboard gadget shows a bar graph of the total payment amounts related to disposition that have occurred within the past hour. The payment amounts are always expressed in the merchant’s fractional base currency. Each bar is stacked by color to illustrate which amounts involve Approved, Reviewed, and Declined transactions, up-to-the-minute.
This Dashboard gadget presents a line graph summary of decisioned orders at any given point in time over the past hour. Click on a specific spot on the graph and get the maximum, minimum, and average number of transactions for that minute.
In the example image above, the number of transactions range from 0 to 200, while the scores range from 0 to 99. The higher the bars on the chart, the more transactions were registered at a particular score. The graph updates every minute by default.
The new release of Kount Complete™ 5.6 is currently available.
Kount helps online businesses boost sales by reducing fraud and allowing them to accept more orders. Our all-in-one, SaaS platform is designed for companies operating in card-not-present environments, simplifying fraud detection and dramatically improving bottom line profitability. Merchants using Kount can accept more orders from more people in more places than ever before.
For each transaction, Kount’s “decisioning” engine analyzes hundreds of relevant variables and activity across the globe in real-time providing the most accurate fraud prediction available. Kount’s intuitive business intelligence tools help merchants increase revenue opportunities in the future, thus boosting sales while reducing fraud.
Kount is a single, turnkey fraud solution that is easy-to-implement and easy-to-use. Kount’s proprietary technology provides maximum protection for some of the world’s best-known brands. For more information about Kount, please visit www.kount.com.