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Industry News

Mastercard: Contactless Payments Jump 40% As Shoppers Fear Germs On Cash and Credit Cards

CNBC reports the credit-card giant reported a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the global pandemic worsened.

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Joker’s Stash Advertises “Fresh” Sale of U.S and APAC Payment Cards

The notorious carder marketplace “Joker’s Stash” is advertising a fresh batch of stolen payment card data, this time of cards from South Korea, the United States, and APAC.

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An Uptick in Fraud is Complicating Airline Refunds for Cancelled Flights

Scammers are eagerly exploiting overwhelmed airlines that have been bogged down by consumers seeking refunds for cancelled flights by making fake refund claims.

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New Zealand’s Prime Minister Says Business Must Adopt Contactless Payments

In an effort to beat COVID-19, Prime Minister Ardern says that customers can pay online, over the phone, or in a contact-less way.

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Weekly eCommerce
and Fraud Tracker

Kount continues to track the impact of coronavirus on consumer spending habits. This week’s transaction data shows a clear spike across all categories when many Americans received their stimulus checks.

  • Pet Supplies jump 711% as families welcome new animals
  • Sporting goods sales increase 599% vs same week last year
  • QSRs are showing more growth as stay-at-home orders continue, and restaurants and consumers adapt to eCommerce

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Kount Updates
and News

Kount appoints Vikram Dhawan as Vice President of Product

With 15 years of experience in the fraud and risk management industry, Dhawan has been tapped to advance Kount’s recent innovations in account takeover protection and the Identity Trust Global Network.

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Forbes: How COVID-19 Is Transforming E-Commerce

In a recent Forbes article, Louis Columbus explains how Kount Control is helping businesses prevent account takeovers and learn more about their customer bases.

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Chargeback Protection During eCommerce Demand

With the recent increase in digital spending, chargebacks are also increasing and businesses are researching ways to stay out of payment provider excessive dispute monitoring programs.

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Register for Kount’s Next Webinar: How to Protect Against Chargebacks and Fraud in Today’s Environment

Learn about dispute resolution changes and chargeback protection strategies to implement during the pandemic

Register

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