MUNICH | PAY.ON and Kount partner to integrate Kount's Fraud and Chargeback Prevention solution into PAY.ON's multi-channel payment platform. This collaboration allows PAY.ON to offer their customers, including Payment Service Providers (PSPs), Independent Sales Organisations (ISOs) and Merchant Acquirers, a sophisticated solution to combat fraudulent transactions across channels.
Preventing Fraud and Chargebacks
The prevention of fraud and chargebacks are two key challenges for PSPs and ISOs when it comes to protecting their merchants and their end customers. It is their ongoing task to minimise fraud using all the technology available and to prevent chargebacks while supporting improved sales conversion rates. As an internationally reputed fraud management provider, Kount offers its customers highly efficient solutions to tackle both sources of loss.
Supporting PSPs expansion strategies
The seamless integration of the PAY.ON platform with the Kount fraud management solution offers payment providers a set-up with optimal support for their expansion strategies. From global processing across all omnichannel payment platforms and instant connectivity to payment providers via a single API to rapid merchant onboarding.
'PAY.ON clients to protect their merchants'
Christian Bamberger, CTO at PAY.ON AG: ‘We are very pleased to have entered into a partnership with Kount, a globally renowned risk management provider that leads the field in the development of innovative fraud and chargeback solutions. Our clients can now make use of solutions from Kount, using these in their business to protect their merchants. By working together in sales, both companies have consolidated their international activities while offering payment providers a convincing package solution that can stand up to any level of complexity.’
'Limited exposure to fraud risk'
Jim Gassaway, vice president of Technology at Kount: “This strategic partnership has many benefits for clients looking to expand into new markets or across channels. Combining our technology platforms makes it easy for customers to take on revenue growth initiatives, develop their mobile channel or move into new international geographies with greater flexibility, limited exposure to fraud risk and the confidence of a solution from two industry leaders, PAY.ON and Kount backing them all the way.”
Sourced from PAY.ON, February 5th, 2014