Kount Blog
Blog Against Fraud

Ever Owned A Yahoo Account? Read This.

Posted on Thursday, December 15, 2016

By, Don Bush, VP of Marketing, Kount

Surprise, surprise!

Here we go again. When I first wrote our blog on the “Breach Bingo: The Five Stages of Breach Denial” over two years ago, even I didn’t expect to be so right and the breach disclosure news to be so horrific. In fact, if you listen closely, I think you can hear the Yahoo! guy’s voice shift from yahoooooo to yahughhhhhh.

Following Yahoo!’s disclosure in September (two years after the fact) that not only had 500 million accounts been compromised, but that the severity of the breach was also worse than they first believed (Stage 4 of the breach disclosure process), news broke yesterday that another one billion user accounts had been compromised in August 2013, making it the largest such breach in history. I think it’s safe to conclude, again, that your data is not secure and that online merchants should be taking extraordinary measures to protect themselves.

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Topics: data breach, breach, yahoo

Fraud in the Headlines

Posted on Tuesday, December 13, 2016

It seems that nary a week goes by without headlines illuminating a major breach at a retailer, government agency, or other organization. From credit card theft to unlawful access to personal information, fraud is all around us.

While Kount’s focus is providing crucial technology for online merchants, payment processors, and other card-not-present businesses to decrease fraud, we are well aware that fraud extends far beyond payments. Across the world, people and organizations are targets of fraud every day. Let’s take a look some of the recent news around fraud, and what they have in common.

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Topics: payments, 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.

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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.
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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.

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Topics: fraud, 2 minutes on fraud

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