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November 17, 2022

On the web

NMI Partners With Kount, an Equifax Company, to Enhance Advanced Fraud Protection for Independent Software Vendors

NMI.com

“NMI, a leading full commerce-enablement technology company, today announced a product collaboration with Kount, an Equifax Company, and the leader in digital identity trust, fraud, and chargeback prevention, to enhance fraud protection for independent software vendors (ISVs), independent sales organizations (ISOs), and merchant partners. Kount solutions from Equifax are designed to detect and prevent fraud for e-commerce, m-commerce, and card-not-present transactions. Through this partnership, Kount technology will be made available to NMI’s customer base on top of the company’s proprietary solution, NMI Advanced Fraud Prevention, which sets extensive filters to detect suspicious transactions before they are approved. Payment fraud is on the rise, considering merchant losses to online payment fraud are expected to exceed $206 billion between 2021 and 2025. Layering Kount technology on top of the NMI Fraud Prevention platform is designed to provide ISVs, ISOs, and merchants with a greater ability to detect and mitigate fraud through the Kount real-time risk analysis and fraud assessment capabilities. This will also be the first third-party solution available in NMI’s App Marketplace and further expands the company’s ability to support full commerce enablement.”

April 10, 2020

On the wires

Kount Unveils ECommerce and Fraud Trend Tracker for Spring 2020

BusinessWire

“Kount today announced a new weekly tracker for up-to-date eCommerce purchase trends emerging in the current global pandemic. In light of the impacts of the coronavirus, Kount is helping businesses to monitor trends including changes in online transactions by industry, shifts in eCommerce models including expedited shipping requests, and fraud threats related to each of these findings. Kount built the tracker to help digital businesses navigate these times and adjust their approach to better address current customer needs. The data comes from the Identity Trust Global Network, which is comprised of 32 billion interactions annually across 6,500 customers worldwide. Findings show industries including home office supplies, electronics, crafts, and gaming have seen increases in digital transaction volumes as consumers are challenged with the tasks of working, taking care of their children, and recreation, all from the confines of their homes. The data also shows a change in how eCommerce is delivered, as consumers have a sense of urgency in receiving items. Kount observed a 183% growth in mid-March for expedited shipping requests. At the same time, transaction data shows there is also an increase in Buy Online, Pick Up in Store (BOPIS) requests, as well as ship-from-store orders.”

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