Kount Blog
Blog Against Fraud

It’s a bird! It’s a plane! It’s Samsung Pay!

Posted on Friday, May 22, 2015

What’s as common as the number of superhero movies released each year? The number of mobile payment options. Next to be released into the market, arriving as early as this summer, is Samsung Pay, which was introduced in March of this year at Mobile World Congress.

As noted in our 2015 Mobile Payments and Fraud Survey, the South Korean smartphone giant acquired mobile payment company LoopPay, and quickly incorporated the company’s technology into its new Samsung Pay wallet. Unlike many of the other mobile wallets out there, LoopPay’s technology enables contactless mobile payments at traditional POS terminals that accept magstripe cards in addition to NFC-enabled systems. Also giving Samsung Pay a leg up on the competition are the 30 million merchants around the world that will be able to accept Samsung Pay payments at launch. Apple Pay currently works with about 700,000 merchants.

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Topics: mobile wallet, mobile payment, Samsung Pay

Every Vote Counts with IP Geolocation Technology

Posted on Friday, May 8, 2015

The 2015 UK General Election has just taken place and has seen one of the closest races in British democratic history.

One of the defining characteristics of the 2015 Election was the three main parties struggling to really differentiate themselves from each other in the eyes of the public. Moving beyond basic policy and electoral promises, the Liberal Democrat party took an innovative approach to demonstrating its understanding of voters on a local level.

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Topics: IP geolocation, UK general election

The Wills and Won’ts of EMV

Posted on Monday, April 20, 2015

Hailed as a solution to increase security, how much will the new “chip and PIN” technology really cut down on fraud?

For the last year or so, consumers receiving a new credit card may have noticed a slight change in their card – a new chip on the front – but may not have thought much of it. Little did they realize that they’re part of the larger shift to EMV (Europay, Mastercard, and Visa), in which traditional magnetic strips are slowly being phased out with EMV chip technology that reduces card-present fraud.

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Topics: EMV, cnp fraud, chip and pin

Survey Results Are In: Merchants Lag Behind Mobile Growth

Posted on Wednesday, April 15, 2015

We recently conducted the third annual Mobile Payments & Fraud Survey with our partners at CardNotPresent.com and The Fraud Practice, LLC to discover new trends in payments, new technology adoption, and fraud prevention strategies. Results from the survey showed that despite the continued increase in mobile fraud, merchant awareness is actually falling behind.

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Topics: mobile fraud, mobile payment, mobile device

Unsecure Wi-Fi: We all do it, even though we shouldn’t

Posted on Friday, April 10, 2015

We all have bad habits. It’s part of what makes us human. Some of these habits are trivial, others less so…

In the world of ecommerce and mcommerce there are two things that consumers still do with alarming regularity and with potentially disastrous consequences.

The first is using unsecure Wi-Fi. It just shouldn’t be done, yet is the ultimate example of choosing convenience over security. This is the Wi-Fi that you find at coffee shops and airports. You wouldn’t wander around handing out copies of your credit card details to strangers, but when you make a financial transaction on an unsecure Wi-Fi connection, this is essentially what you are doing.

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Topics: unsecure wi-fi, online security, bad passwords

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