San Francisco, CA—May 29, 2019—Kount™, a leading fraud prevention solution, was honored at the 2019 CNP Expo with both the Judges Choice award and the Customer Choice award in the Antifraud Solution category. Kount has won a CNP Award for an unprecedented eight consecutive years, and this year the company swept the Antifraud category. Both the five-judge panel and the online vote of customers named Kount the Best Antifraud Solution in 2019.
Presented at the CNP Expo in San Francisco, the CNP Awards are focused on recognizing those companies that distinguished themselves in the card-not-present space. Kount has earned a Customer Choice award every year since the inaugural event in 2012, underscoring the company’s leadership role in stopping fraud while enabling businesses to deliver a frictionless experience to legitimate customers.
Through its unique combination of supervised and unsupervised machine learning, global network of transaction and identity data, control center, and self-service analytics, Kount empowers businesses to protect against payments fraud, account takeover, and new account creation fraud.
“We are delighted to take home both the Judges Choice and Customer Choice awards this year,” said Brad Wiskirchen, CEO of Kount. “We take great pride in protecting more than 6,500 global brands against fraudulent transactions and helping them grow revenue, and this award is testament to the passion, commitment, and hard work of our entire organization.”
Kount was honored for its Kount Complete solution, which was updated in 2018 to include new supervised machine learning enhancements. Kount technology is designed specifically to weigh the risk of fraud against the lifetime value of the customer.
Kount collects raw data points and converts them into over 100 identifiers. Interactions are compared to 100 million historical records, with results being pushed through more than 250 statistical models. As patterns emerge, Kount generates a safety score, allowing customers to accept more good orders. This functionality adds no time to the review process, maintaining Kount’s response time of less than 250 milliseconds.
Kount’s customers, which include digital businesses, merchants, banks, and payment service providers, can use Kount’s wide breadth of solutions to give them confidence with every digital interaction whether online, on mobile, or through a mobile application.
Kount is voted the Top Antifraud Solution of 2019, according to customers and judges at CNP Expo. Kount’s digital fraud prevention solutions are 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