IXOPAY partners with digital fraud prevention solution provider Kount
IXOPAY, a highly scalable and flexible payment management platform, today announced a partnership with Kount, the leader in digital fraud prevention. IXOPAY is an independent and PCI-DSS certified payment platform, and this partnership will allow its clients to use Kount to protect their digital innovation from fraud.
Maximum protection with comprehensive risk and fraud checks via Kount Complete
Kount protects 6,500 customers from digital payments fraud and account takeover through AI-driven fraud prevention, advanced machine learning trained on 12+ years of a global data network, a flexible business policy engine, and self-service analytics. The integration of Kount Complete with IXOPAY’s integrated Risk Management Engine enables the highest level of protection for online businesses to mitigate fraud and increase revenues.
“We are particularly pleased with our cooperation with such renowned experts in the risk management and fraud protection industry. Most eCommerce businesses struggle with fraudulent transactions and chargebacks, which cost them a lot of time, money and resources. Therefore, offering our clients an even higher level of fraud protection through the integration of services such as Kount makes perfect sense.” says Adam Vissing, VP Sales & Business Development, IXOLIT Group.
Real-time monitoring and identification of suspicious transactions for eCommerce fraud prevention
The IXOPAY team is proud to be a payment gateway to partner with Kount. Users of the platform can configure business policies in their Kount profile and connect it to IXOPAY in order to dynamically evaluate and then decline, accept, or escalate transactions. These rules can also be combined with IXOPAY’s proprietary Risk Management Engine, enabling a technical “four-eyes principle” for verifying transactions. The platform can either calculate a combined score based on the results of the risk assessment in both systems or completely outsource risk analysis to Kount Complete while processing transactions via IXOPAY.
Reduced fraud losses, reduced chargebacks, reduced manual review, increased order acceptance
“Kount and IXOPAY’s partnership allows business to confidently make transaction decisions that further their business objectives while protecting their digital innovation from fraud,” said Tom War, Vice President of Sales, Kount. “Kount’s 12+ years in the payments fraud prevention and account protection industry has demonstrated our ability to help businesses cut chargebacks and decrease declined orders to improve revenue, and slash manual review rates to lower operational costs.”
Kount’s award-winning AI-driven digital fraud prevention solution is used by 6,500 brands globally, helping them to reach their digital innovation goals. Kount’s patented technology combines device fingerprinting, supervised and unsupervised machine learning, a robust policy and rules engine, self-service analytics, and a web-based case-management and investigation system. Kount’s solutions stop fraud and increase revenue for digital businesses, acquiring banks, and payment service providers. www.kount.com
IXOPAY is part of the IXOLIT Group, which was founded in 2001 and maintains national and international eCommerce customers from Vienna, Austria, and Florida, USA. The owner-managed and financed company has grown from a two-person team to an IT specialist with over 60 experts developing innovative solutions and products in the heart of Vienna. IXOPAY is a best-of-breed, highly scalable and PCI-certified payment orchestration platform for White Label Clients and Enterprise Merchants. The modern, easily extendable architecture provides intelligent routing and cascading functions as well as state-of-the-art risk management, automated reconciliation and settlements along with plugin-based integration of Acquirers and Payment Service Providers.