The combined solution addresses fraud prevention and back-end friendly fraud while preventing their expensive side effects, timely as chargeback-related expenses are expected to double in 2017, the companies said in a release.
“Kount’s new partnership with Chargebacks911 gives merchants access to two industry leaders that are offering solutions for the rapidly growing chargeback problem,” Kount COO Rich Stuppy said. “Together these solutions will provide a powerful ROI for merchants while providing them the data and confidence needed to aggressively grow their businesses while reducing fraud.”
“Illegitimate chargebacks are increasing at an alarming rate every year and the burden of mitigation unnecessarily falls on merchants,” Chargebacks911 COO Monica Eaton-Cardone said. “Chargebacks911’s in-depth card scheme expertise and understanding of merchant processes combined with Kount’s best-of-class fraud prevention technology ease this burden off of financial institutions and merchants while ensuring and supporting business profitability.”