Kount Blog
Blog Against Fraud

Payment Processors Rejoice!

Posted on Tuesday, December 6, 2016

Kount Central Introduces New Continuous Underwriting Feature to Boost Protection Among Payment Service Providers and their Merchant Portfolios 

Here at Kount, we’re always evolving our award-winning fraud prevention tools to best protect our customers of all sizes, in real-time. We’re excited to announce that we’ve upgraded Kount Central, a comprehensive fraud protection suite for online payment processors, payment gateways, hosted payment pages, and eCommerce platforms. Kount Central was developed to protect both the payment service provider and their entire merchant portfolio, while offering new, value-added services and additional revenue streams.

Read More

Topics: Kount Central, payment service

Value-Add vs. Discounting (Nobody Wins a Race to the Bottom)

Posted on Thursday, December 1, 2016

In addition to new challenges that payment processors face – such as supporting new payment technologies like mobile wallets – there is the never-ending mandate to acquire new merchants and retain existing ones. This “always-there” pressure results in three unwanted headaches:

  • Increased pricing pressure. With new entrants coming into the payment space daily, someone always seems to be offering lower rates and reduced fees in an effort to buy their way into the market. For established payment processors, price cutting in response to this competition means lower margins. For the new entrants, the increasing costs of onboarding plus lower margins equals a longer payback window that threatens long-term viability. Even though all the participants understand that nobody wins this race to the bottom, no one can seem to resist joining in.
  • Higher interchange costs. Payment processors may accept more underwriting risk and enroll a higher number of “borderline” merchants in an effort to continue growing their portfolio, leading to higher costs from issuers and downward pressure on margins.
  • Greater regulatory compliance requirements. As authorities demand to know more and more about where merchant funds are coming from and where they’re going, the operational costs of complying with mandates can further erode profits.
Read More

Topics: Payment Processor, payment gateways

2 Minutes on Fraud: Episode 4 - "Set It & Forget It Does Not Exist”

Posted on Thursday, November 10, 2016

Fraud tools are now widely available to help fraudsters exploit your company. No longer in the shadows, online fraud tools are easily distributed and constantly evolving. Using a “set it and forget it” strategy for fighting fraud will simply not work. Rich Stuppy, COO, Kount, explains fraud trends and how creating a robust fraud strategy will benefit your company and prevent you from being a target.

Read More

Topics: fraud, 2 minutes on fraud

2 Minutes on Fraud: Episode 3 - “The Chargeback Lag?”

Posted on Tuesday, November 8, 2016

A lag in chargeback reporting can be discretely hidden by record sales. To make matters worse, the chargeback lag means your financial reports will show a distorted picture of your company’s performance. For example, sales you thought you had in December could actually turn out to be ugly losses in February, March, and April. Don Bush, VP of Marketing, Kount, explains the pitfalls of a chargeback lag and the importance of getting in front of this common hazard.

Read More

Topics: chargebacks, 2 minutes on fraud

2 Minutes on Fraud: Episode 2 - “Manual Reviews: Helping or Hurting?”

Posted on Thursday, November 3, 2016

Think more Manual Reviews mean more profits? They might be costing more than you imagine. Depending on your transaction volume and average sale value, Manual Reviews may be eating away at your profits. Don Bush, VP of Marketing, Kount, compares the Manual Review strategies for merchant types.

Read More

Topics: manual review, 2 minutes on fraud

Subscribe to Blog

Calculating the 9 Deadly Costs of Fraud
What You Don’t Know About Chargebacks