Verifi partners Kount on CNP risk mitigation

Source: Verifi

Verifi, a leading provider of payment risk management solutions for card-not-present (CNP) merchants, and Kount, a Boise, Idaho-based company that specializes in CNP fraud prevention, today announced a partnership to jointly deliver a next-generation technology solution to equip merchants with a powerful set of risk mitigation and business management capabilities.

The partnership integrates Kount's Multi-Layer Device FingerprintingTM and predictive scoring technology into Verifi's platform, expanding the breadth of the Device IntelligenceTM component of Verifi's innovative IntelligenceTM Suite. Merchants are able to identify, track and defeat fraudulent users by linking suspect orders in real time, across the shared database.

The pairing also brings Kount's cutting-edge case management and order review queue functionality to Verifi's platform, empowering merchants to efficiently deploy targeted strategies to accept, review and decline orders, streamlining the order review and acceptance process. Verifi's flexible platform allows acceptance strategies to be fine tuned with surgical precision to minimize any impact to the consumer experience during the checkout process, while effectively mitigating fraud and risk from all sales channels across the enterprise.

"The new partnership between Kount and Verifi is very exciting," said Brad Wiskirchen, Kount CEO. "Our complimentary offerings will provide CNP merchants with the very best in payment acceptance and fraud management solutions."

"We are delighted to be partnering with Kount. Coupling the strengths of our individual services is another stride forward toward our commitment to continuously evolve our platform to provide our clients with the most superior payment management solution available in the marketplace," said Jennifer Schulz, CEO, Verifi.

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