Kount Blog
Blog Against Fraud

How Online Travel Agencies Can Fight Huge Fraud Losses

Posted on Tuesday, April 25, 2017

Annual revenue for Online Travel Agencies (OTAs) is expected to reach $434 billion by 2020, with 53% of all travel booked online. Although OTA growth is slowing due to consolidation and increasing maturity in the online market, a double-digit compound annual growth rate (CAGR) is nonetheless projected for 2015-2020. The dark cloud in this news? The travel industry is by far the number one target for fraudsters, accounting for 46% of fraudulent transactions, according to data from RSA.

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Topics: fraud prevention, travel industry, online travel agencies, OTAs

What Payment Processing Above the Standard Looks Like

Posted on Thursday, April 20, 2017

If you Google “top ranked credit card processing for e-commerce,” you’ll get nearly 4.5 million results. The first two pages shows links to titles such as:

  • Best Merchant Accounts for E-Commerce
  • Top 10 payment gateways you should choose for your E-Commerce
  • The 5 Best Small Business Credit Card Processing Companies
  • Your Ultimate Payment Gateway Comparison Guide
  • The Best Payment Gateway Services of 2017 | Top Ten Reviews
  • Cheapest Credit Card Processing for eCommerce - Payment Depot
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Topics: fraud prevention, payment service providers, payment processing, above the standard, credit card processing

The Decision Trees for Build vs. Buy: Fraud Prevention

Posted on Tuesday, April 18, 2017

A survey of 800 IT managers from 10 years ago found that IT projects can be tricky:

  • 62% failed to meet their schedules
  • 49% suffered budget overruns
  • 47% had higher-than-expected maintenance costs
  • 41% failed to deliver the expected business value and ROI
  • 25% of all IT projects got canceled before completion

A decade later, CIO.com says the numbers haven't gotten noticeably better and some are actually worse.

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Topics: fraud prevention, buy versus build, decision tree, buy, build

Taking the Friendly Out of Fraud: Webinar Recap

Posted on Monday, April 17, 2017

If you missed last week’s webinar “Taking the Friendly Out of Fraud,” this blog post provides a convenient summary recap.

Our webinar explored key topics involved in chargebacks and friendly fraud:

  • The 3 sources of chargebacks
  • How to reduce operating expenses
  • The value of chargeback data
  • Benefits of the Kount and Chargebacks911 partnership
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Topics: chargebacks, friendly fraud, chargeback data, chargebacks911

Webinar Recap: How to Win at Every Stage of the Chargeback Cycle

Posted on Thursday, April 13, 2017

April 13, 2017 -- If you missed yesterday’s webinar “How to Win at Every Stage of the Chargeback Cycle,” this blog post provides a convenient summary recap.

The webinar addressed how eCommerce and mCommerce companies can win against chargebacks:

  1. Winning against chargebacks before an order is approved
  2. Winning against chargebacks after the transaction has been approved
  3. Winning against chargebacks with a frictionless payment experience

Don Bush kicked off his segment with two real-world examples that took place just 12 months apart to illustrate how rapidly fraud is changing (and how difficult it is for merchants, issuing banks, payment processors, and others in the e-commerce world to keep pace).

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Topics: ethoca, bluesnap, chargeback cycle

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