Kount Blog
Blog Against Fraud

Top 7 Challenges Payment Service Providers Are Facing

Posted on Tuesday, February 14, 2017

Payment Service Providers (PSPs) are facing unprecedented competitive
challenges. With thousands of PSPs already in the marketplace and hundreds of new entrants adding to the competitive pressure each year – it’s becoming more and more difficult to: 

  • Win new merchant business and retain existing accounts
  • Protect against the financial and regulatory risks of onboarding and underwriting merchants
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Topics: payment service providers, regulatory risks

Electronics Retailers: Build Your Own vs. Fraud Detection as a Service

Posted on Wednesday, February 8, 2017

If you’re an eCommerce retailer that sells Electronics, these facts are why you need a robust anti-fraud system:

At the same time, online Electronics retailers have indicated strong concerns with the growing cost and complexity of fraud prevention. And the problem isn’t just for large eCommerce operations. Fraudsters are making the strategic decision to move “down the food chain” and target smaller retailers as their tools of the fraud trade have given them automation options. In the past 36 months, retailers have taken steps to dramatically increase their fraud mitigation efforts, but that can have substantial costs as well.

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Topics: cnp fraud, fraud detection as a service, electronics retailers

Fraud and Plaque Prevention: Both Powered by AI

Posted on Thursday, February 2, 2017

Now that January is behind us, it’s time to look back at all of the forward looking predictions that promise futuristic tech innovations. (No disrespect, we are even guilty of this.)

There is no question that Artificial Intelligence (AI) is the darling of 2017 technology predictions hype—think: how people reacted to the entry of “Big Data” a few years ago. From an “AI toothbrush” unveiled at CES to poker to automated dermatology, AI is getting a lot of attention. Don’t believe us? A simple Google search will churn out 2,080,000,000 results in under one second. Receiving much less attention, however, are the very real technologies implementing AI in a constructive way.

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Topics: fraud prevention, artificial intelligence, machine learning

Rescue Your Customers from the IT Integration Line

Posted on Wednesday, January 11, 2017

Are you a payment processor, payment gateway, hosted payment page, or ecommerce platform? Does this scenario sound familiar for any of your merchant customers?

  1. Decided to do something about increasing CNP fraud costs
  2. Researched and identified an antifraud solution
  3. Now waiting to get solution deployed due to backlog in their IT department

Or even more common…

  1. Decided to do something about increasing CNP fraud costs
  2. Asked their IT department for help identifying an antifraud solution
  3. Waiting on their IT department due to backlog
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Topics: antifraud solution, Kount Central, IT Integration

Here’s to 2016, Going on 2017

Posted on Wednesday, January 4, 2017

Post-truth. Xenophobia. Surreal. Bigly. Those are just a few of the words that have summed up 2016. Regardless of your favorite word to describe 2016, it has been quite a year filled with a number of major events that will influence years to come. And just when you think 2016 was done with surprises, it drops another.

While we had so many to choose from, we highlighted the top five events that shook the year so hard, the reverberations are set to impact the financial tech industry throughout 2017:

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Topics: data protection, fraud, 2017

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