Verifi and Kount partner to deliver card-not-present risk mitigation and payment management services

28-Jan-2010

LOS ANGELES - Verifi, Inc., a leading provider of payment risk management solutions for card-not-present (CNP) merchants, and Kount Inc., a Boise, Idaho-based company that specializes in CNP fraud prevention, today announced a partnership to jointly deliver a next-generation technology solution to equip merchants with a powerful set of risk mitigation and business management capabilities.

The partnership integrates Kount's Multi-Layer Device Fingerprinting™ and predictive scoring technology into Verifi's platform, expanding the breadth of the Device Intelligence™ component of Verifi's innovative Intelligence™ Suite. Merchants are able to identify, track and defeat fraudulent users by linking suspect orders in real time, across the shared database.

The pairing also brings Kount's cutting-edge case management and order review queue functionality to Verifi's platform, empowering merchants to efficiently deploy targeted strategies to accept, review and decline orders, streamlining the order review and acceptance process. Verifi's flexible platform allows acceptance strategies to be fine tuned with surgical precision to minimize any impact to the consumer experience during the checkout process, while effectively mitigating fraud and risk from all sales channels across the enterprise.

"The new partnership between Kount and Verifi is very exciting" said Brad Wiskirchen, Kount CEO. "Our complimentary offerings will provide CNP merchants with the very best in payment acceptance and fraud management solutions."

"We are delighted to be partnering with Kount. Coupling the strengths of our individual services is another stride forward toward our commitment to continuously evolve our platform to provide our clients with the most superior payment management solution available in the marketplace," said Jennifer Schulz, CEO, Verifi.

About Kount

Kount® is the most advanced fraud fighting technology available today. Developed by Keynetics Inc. with online and catalog merchant needs in mind, Kount defends against both traditional and emerging card-not-present fraud threats. The technology uses a formidable array of tools including two patented technologies - device fingerprinting, and proxy piercing - along with Dynamic Scoring™, geolocation techniques and real-time data streams from websites across the globe. For more information about Kount, please visit www.kount.com.

About Verifi

Verifi™ is a leading provider of global electronic payment and risk management solutions for card-not-present merchants. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi's suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing profitability for clients, Verifi's multi-layered approach enables transaction risk management and mitigation, business optimization strategies, cardholder authentication and chargeback re-presentment for all major credit card brands. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California with a satellite office in Redwood Shores, California. For more information on Verifi, please visit: http://www.Verifi.com or email us at Info@Verifi.com.

Customer Contacts:

David Walker
Kount
Phone: 208-867-2014
Email: david.walker@kount.com

Jeff Sawitke
Verifi
Phone: 323-655-5789 x5070
Email: Jeff.Sawitke@Verifi.com