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Original Press Release
PAY.ON and US Based Fraud Management Specialist Kount Form Strategic Partnership
Press release date: Feb 05, 2014
PAY.ON, worldwide leading provider of omnichannel, web-based payment infrastructure systems, and Kount, a leading SaaS provider of innovative fraud and chargeback prevention solutions, have agreed on a strategic cooperation between the two companies. PAY.ON is also integrating the services of the Kount Complete platform and fraud control technology Kount SMB into its infrastructure platforms, thus making solutions from Kount available to all clients around the world - from PSPs and ISOs to acquirers and other financial institutions. At the same time, PAY.ON and Kount are combining their global distribution network to promote the mutual expansion of their client base.
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. The constant expansion of security barriers is an ongoing task in order 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. In this context, PAY.ON is taking strategic action to further expand its existing fraud management system. 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, mobile payment solutions and state-of-the-art fraud and chargeback prevention - all of which meet the latest international PCI and security standards. Given the deep integration of the two systems, their efficiency, and the synergies of know-how in processing and fraud/chargeback prevention, PAY.ON and Kount have also decided to support each other in the acquisition of new clients around the globe.
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.'
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."
PAY.ON AG is a worldwide leading provider of payment infrastructure systems whose cloud services cover all aspects and requirements of modern, globally networked payment processing. As a white-label provider, PAY.ON guarantees full independence for its customers (PSPs, ISOs, acquirers and financial institutions). PAY.ON is an omnichannel platform which, in its full capacity, enables users to activate their system with all the relevant payment and risk management processes on an ad hoc basis, including global connectivity and the latest fraud and chargeback prevention - and to expand their system at any time with external tools and market-tested PAY.ON services, such as rapid merchant onboarding and mobile payments. As a result, business cases of any complexity can be strategically expanded, outsourced in their entirety or realised in a way that saves money, time and other resources. For the prompt improved connectivity of existing systems, the modular PAY.ON gateway makes it possible to connect directly to more than 300 system-relevant payment service providers around the world - and more than 130 types of payment - via a single API. With its gateway, PAY.ON therefore accelerates global provider availability more than any other network. All PAY.ON systems guarantee complete compliance with internationally binding PCI and security standards and are operated with a high level of reliability from in-house data centres. Further information can be found at http://www.payon.com.
Kount helps online businesses boost sales by reducing fraud and allowing them to accept more orders. The all-in-one SaaS platform is designed for companies that operate in card-not-present environments, simplifying fraud detection and dramatically improving bottom line profitability.
Merchants using Kount can accept more orders from more people in more places than ever before.
For each transaction, the Kount 'decisioning' engine analyses hundreds of variables and examines activity around the globe in real time, providing the most accurate fraud prediction system there is. The intuitive business intelligence tools from Kount help merchants increase future revenue opportunities, thus boosting sales while reducing fraud.
Kount is an independent, turnkey fraud solution that is easy to implement and use. Kount's proprietary technology provides maximum protection for some of the world's best-known brands. For more information, please visit http://www.kount.com.
PAY.ON AG - press contact
Annett van de Bunt
Head of Marketing
Kount - press contact
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