[April 04, 2017] |
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Midigator and Kount Partner to Expand Scope of Chargeback and Fraud Prevention for Merchants
Midigator LLC, a leading chargeback and fraud technology platform used
to mitigate risk and recover lost revenue, and Kount, an industry leader
of innovative solutions for fraud and risk prevention, today announced a
partnership to expand chargeback and fraud management solutions for
card-not-present (CNP) retailers. The partnership combines Midigator's
exclusive negative database of "friendly" fraudsters and patented
technology with Kount's award-winning, patented "decision engine"
technologies for detecting "true fraud" to create a protective barrier
around online merchants, preventing both sources of fraud.
"This development is great news for eCommerce merchants as they now have
a single solution for addressing both friendly fraud and true fraud,"
said Mark Standfield, President of Midigator. "With friendly fraud
responsible for up to 70 percent of all chargebacks filed, this combined
effort confronts these issues head on, which will have a tremendous
impact on businesses."
The collaboration between Kount and Midigator is the next step in the
evolution of a comprehensive chargeback and fraud technology solution
that will further empower merchants and payment processors, allowing
them to focus on what matters most: growing their business. This is done
through scrubbing against Midigator's highly relevant negative database
while Kount analyzes hundreds of variables and activity across the globe
in less than 300 milliseconds, enabling merchants to prevent fraud,
reduce chargebacks and refunds, and increase sales volume.
"The partnership between Midigator and Kount demonstrates how fraud
leaders can join forces to fight fraud and boost sales fr eCommerce and
mCommerce merchants," said Brad Wiskirchen, CEO of Kount. "This type of
collaboration provides merchants with the best opportunity to reduce
cost and loss due to fraud, while increasing revenue across the board."
Midigator's and Kount's powerful, patented technologies reduce risk
while improving the order handling process by providing real-time
reporting, analytics, and automation to merchants. With the ever-growing
popularity of online and mobile shopping, CNP retailers are becoming top
targets for fraudsters. Companies lose millions of dollars each year due
to fraudulent transactions, which dramatically impacts earnings, as well
as diverts employee resources to managing chargebacks. Pairing Midigator
with Kount's "decision engine" platform enables merchants to stop
suspicious activity during the checkout process, which minimizes the
potential of the primary sources of fraud during CNP transactions.
About Midigator
Midigator is the leading chargeback and fraud technology platform used
to mitigate risk and recover lost revenue. It provides real-time
merchant account monitoring and automatically fights chargebacks (i.e.,
without human intervention) to win revenue back. Its analytics enable
businesses to take preemptive action against chargebacks to keep their
merchant accounts healthy and profitable. Midigator's unparalleled
reporting and patented fraud management technology saves valuable time,
allowing companies to focus on what's important: growing their business.
To find out more about Midigator, call them toll-free at 1-800-960-2184
or visit them online at www.midigator.com.
About Kount
Kount helps online businesses boost sales by reducing fraud and allowing
them to accept more orders. Kount's all-in-one, SaaS (News - Alert) platform is
designed for merchants operating in card-not-present environments and
the payment service providers that support them, simplifying fraud
detection and dramatically improving bottom line profitability.
Companies using Kount can accept more orders from more people in more
places than ever before. Kount is a turnkey fraud solution that is easy
to implement and easy-to-use. Kount's proprietary technology has
reviewed billions of transactions and provides maximum protection for
some of the world's best known brands.
For more information, about Kount, please visit www.kount.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170404005024/en/
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