Kount Blog
Blog Against Fraud

Kount: Going for Gold at the Payments Olympics

Posted on Tuesday, August 9, 2016

As the 2016 Olympic Games begins with a bang this week, over 11,000 athletes from 206 nations across the globe have descended on Rio de Janeiro, competing over 16 days to propel their country to the top of the medals chart in a spectacle of sporting prowess.

But the world’s greatest sportsmen and sportswomen aren’t the only ones competing for the top step on their respective podiums in 2016. As the world of ecommerce enters awards season, we flexed our competitive muscle this week with the announcement of four separate Payment, Retail Systems and Retail Fraud award nominations.

The shortlists are in recognition of some of Kount’s outstanding performances in the last 12 months, and, in highly topical style, we’ve re-imagined the conventional Olympics as a Payments and Anti-Fraud tournament to compare three of our nominations with two sporting events that we’d be sprinting to gold in.

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Topics: payments, olympics

Fixing “Chargeback Lag” with the Kount Integration of Ethoca

Posted on Friday, August 5, 2016

By, Scott McLean, Product Manager, Kount

Chargeback Lag” – the typical 45 days between the time a chargeback is actually incurred and the date the merchant is notified – wastes time and money, masks fraud attacks, and messes up financial reporting. But the surprising and maddening part is that card issuers often know within hours about a chargeback! It’s the lengthy reporting process that introduces Chargeback Lag, when revenue and profits suddenly turn into losses months after they’re booked. 

That’s where Ethoca comes in. Ethoca is a global, collaborative network of card issuers and merchants that works to eliminate Chargeback Lag. When an issuer confirms a bad transaction, an alert goes out to the Ethoca network. Instead of waiting weeks for this vital information, merchants know at almost the same moment the issuer knows. 

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Topics: fraudulent transactions, reporting, chargeback lag

Pokémon Go – Shattering Download Records, But Hiding Major Security Risks

Posted on Tuesday, August 2, 2016

Pokémon Go has been all over the news lately, as it continues to shatter download records and its fanatical fan base reaches new extremes, reportedly quitting their jobs to play full time and falling off cliffs while playing. 

While many in the news tout the app's potential unexpected side effects, such as a potential mental health benefits and the physical benefits of increased activity, most of the app's 75 million plus downloaders are disturbingly unaware of the safety and security risks that come along with it.

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Topics: Pokémon Go, security risks

Q&A with Mastercard: Fighting Fraud with Simplify Controls

Posted on Tuesday, July 26, 2016

We had the pleasure of interviewing one of our partners, Deborah Barta, Simplify Commerce Global Lead at Mastercard, who provided an insightful look into the company’s latest moves in the fight against fraud, including more details about their recent launch of Simplify Controls for small- and medium-sized businesses. Read on to find out more! 

Q) Tell us more about the new Mastercard Simplify Controls solution. 

A) Mastercard is committed to fighting fraud. That’s why we were thrilled to launch a fraud-prevention platform that allows businesses to easily control and monitor e-commerce transactions in real time. Simplify Controls, a new offering from Simplify Commerce by Mastercard, puts the power of enterprise-level fraud protection in a small- or medium-sized enterprise merchant’s pocket. Everywhere they go. Simplify Controls offers merchants a powerful web dashboard, an intuitive mobile app and smart alerts, so they can set rules and auto decline transactions based on their risk tolerance in advance of authorizing the card. Simplify Controls helps businesses maximize online sales by letting legitimate orders through and keeping fraudulent transactions out.

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Topics: fraud prevention, Simplify Controls, MasterCard

Life As A Fraudster: Carding 101

Posted on Thursday, July 21, 2016

“You have to think of fraudsters just like other business people because it’s grown into that – this is no longer the little hacker that plays around on his computer. It’s usually pretty organized.”

- Don Bush, VP of Marketing, Kount

Young Gheorghe is ready to make a name for himself in the fraud underworld. His mentor, Constantin, is willing to help Gheorghe get started in the business. Follow these two professional fraudsters as Constantin gets Gheorghe set up on the dark web so he can access black markets, hacker forums, underground chat rooms, and even internships.

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Topics: fraudster, carding, card testing

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