Payments Awards Name Kount Best Anti-Fraud Solution for Fourth Consecutive Year03-Nov-2016
London, UK - November 3, 2016 - Kount, the leading provider of fraud detection and sales boosting technology, was last night celebrated as the Best Anti-Fraud/Security Solution of the year at the industry-renowned Payments Awards for a fourth consecutive year.
Kount’s entry was deemed best-in-class from a shortlist of eight by a team of esteemed judges in recognition of Kount’s partnership with Webjet, Australia and New Zealand’s leading online travel agency.
Working with Kount allowed Webjet to overcome issues with their previously incumbent anti-fraud vendor and:
- Increase sales from 72% to 84% across different product lines with no increase in fraud or chargebacks.
- Eliminate over 60,000 manual reviews annually, cutting Webjet’s transaction review rate from 5% to 1%.
- Go from declining around 25% of all transactions to a near 100% acceptance rate.
- Maintain a very low 0.3% chargeback rate.
- Seamlessly process Webjet’s growing volume of mobile and mobile app transactions.
Don Bush, VP of Marketing, Kount, said: ‘Success at the Payments Awards is one of the most prestigious compliments that vendors in the anti-fraud and payments industries can hope to achieve. For this reason, we’re delighted and proud that our hard work to boost sales and beat fraud for our merchant partners has been recognised for a fourth consecutive year.’
The addition to its unrivalled pedigree in the Payments Awards is an indication of the considerable momentum that Kount has established since receiving an $80m investment in December.
As well as announcing partnerships with Ethoca, BlueSnap and MasterCard, 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 will be hoping to add to this success at the Retail Systems Awards next month, where it is shortlisted for Security/Anti-fraud Initiative of the Year.
The Payments Awards recognise payments excellence and innovation, and took place over a gala dinner and ceremony at London’s Mariott Hotel Grosvenor Square. The awards saw over 400 industry professionals come together to network and celebrate the outstanding achievements of the last 12 months.
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