Press Releases

Verifi and Kount Partner to Deliver Card-Not-Present Risk Mitigation and Payment Management Services

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.
Los Angeles, California – (January 27th, 2010) — 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 with online and catalog merchant needs in mind, Kount defends against both traditional and emerging fraud threats. Kount defeats botnets and other organized crime using a formidable array of tools including two patented technologies — device fingerprinting, and Proxy Piercer® — along with Dynamic Scoring™, geolocation techniques, and real-time data streams from websites all across the globe.
Kount provides merchants with maximum risk management control and flexibility, while automating costly manual review processes to improve the bottom line. For more information about Kount, please visit www.kount.com.
About Verifi
Verifi, an award-winning provider of end-to-end payment protection and management solutions, was founded in 2005 to help our clients effectively manage the payments challenges they face every day. Verifi helps merchants safely process paymentscombat fraud, prevent and resolve costly chargebacks, as well as increase billings andkeep loyal customers. Our best-in-breed solutions and white glove support are trusted by a wide range of industries from emerging companies to the Fortune 500. Headquartered in Los Angeles, California, we process more than $20 billion transactions annually and currently serve more than 8,900 accounts globally. For more information, visit:www.verifi.com.
David Walker
Kount
Phone: 208-867-2014
Email: [email protected]
Jeff Sawitke
Verifi
Phone: 323-655-5789 x5070
Email: [email protected]
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