The SourceDiscovers Kount Is “The Source” for Fraud Prevention
The Source is Canada’s leading electronics and wireless retailer, operating in 600 locations. For the first several years, the e-commerce fulfillment team conducted manual reviews of every single order. But as sales volume grew, the company needed to automate and become more efficient at finding and stopping fraud. After deploying Kount, they saw dramatic reductions in fraud with sales continuing to grow.
Results
- Reduced chargeback rate 43% from 0.8% down to 0.45%
- Cut in half the number of manual reviews from 18% of transactions to 9%
- Slashed the time spent on each individual manual review by 40% - 50%
“Kount greatly simplified our manual review process. We’ve cut the time spent on each review by about 40% to 50%.”
Director of E-Commerce Operations
More Resources
Financial Services Fraud Detection
www.kount.com/industry-solutions/financial-services-fraud-detectionFew segments of the market are more vulnerable to fraud and losses than the financial sector. Fraudsters like to steal cash, takeover customer accounts, and create new, fraudulent accounts for everything from loans to precious metals.
Learn More
Watch The Source Video Testimonial
www.kount.com/video/the-source-testimonialThe Source Discovers Kount is "The Source" For Fraud Prevention
Watch Video
Download A Perfect Storm of Fraud eBook
info.kount.com/ebook/perfect-storm-of-fraudEMV regulation, unprecedented data breaches, and accelerating mobile adoption are converging to unleash a Perfect Storm of CNP fraud. Are you ready?
Get eBook