- Company (that provides the nominated product / solution / service): Kount
- Website: http://www.kount.com
- Company size (employees): 50 - 99
- Product Version Number: 6.9.5
- Type of solution: Hybrid
- Year this product or service was first introduced to the market: 2008
- Year the current version of this product or service has been released: 2016
- Approximate number of users worldwide: More than 20,000 websites worldwide
In 3 bullets, summarize why this product or service deserves recognition:
- Saves online merchants and retailers hundreds of millions of dollars each year by reducing their fraud losses
- Allows online merchants and retailers to expand into new regions/territories, add new product lines and accept more orders from more people in more places around the world safely and securely
- Online merchants and retailers are not experts on fraud issues but Kount makes it very easy to mitigate their risk, dramatically lower fraud losses and allow merchants to get back to their business with confidence and security
In less than 300 words, summarize the most important features and benefits of this product or service
Kount Complete is designed for online merchants operating in customer-not-present (online and mobile) environments that want to simplify fraud detection and dramatically improve bottom line profitability.
For each transaction, Kount combines its patented and proprietary technology with advanced machine learning techniques. Their “decisioning” engine analyzes hundreds of relevant data variables and activity matching them with other appropriate data across the globe in real-time. This unique service determines the authenticity of the order, confirms that the purchase is from a legitimate customer and that the payment is valid, not stolen or compromised financial information, all in less than 300 milliseconds. The speed and proven accuracy of Kount’s transaction review allow the checkout process to flow as normal, not adding friction to the process or making the customer wait for an approval.
Online and mobile merchants run Kount in the background of their system protecting both themselves and their customers from the ravages of cyber criminals looking to steal products, services and additional data, using stolen financial information like credit/debit card numbers, PayPal accounts, etc.
Kount provides a single, turnkey fraud solution that is easy-to-implement and easy-to-use. By anonymizing data received from billions of transactions around the world businesses benefit from Kount’s advanced machine learning expertise via the “network effect.” This data provides powerful insight to their business, customers, and the real intelligence needed to boost sales and beat fraud.
Kount’s proprietary technology has reviewed hundreds of billions of transactions and provides maximum protection for some of the world’s best-known brands, including brands such as Chase, Crate & Barrel, New Balance, Staples, and Webjet.
Kount’s continues to develop and add to its’ portfolio of patented technologies. In 2016, Kount added two additional patents to the more than 25 other patents in Kount’s existing collection of intellectual property.