A chargeback protection solution assesses interactions against billions of data points in the Identity Trust Global NetworkTM to prevent fraud before a business authorizes a transaction. Then the solution integrates tools from major card brands into a single dashboard so that businesses can save time and money on the chargeback process post-transaction.
As part of Kount’s Assess digital fraud solutions, chargeback protection takes a deeper dive into a customer’s associated chargebacks, disputes, buying behavior, and propensity to pay. That knowledge gives Kount customers a better understanding of the risks and opportunities around a given buyer.
Reduce chargeback rates and avoid fraud monitoring programs
Act on dispute inquiries and chargeback alerts in real time
Deflect disputes from accidental and intentional friendly fraud
Communicate the status of a refund to prevent a chargeback
Integrate solutions from major card brands in one dashboard
Save the sale and reduce fraud losses
Kount’s chargeback protection solution uses the leading AI-driven digital payments fraud platform to stop criminal fraud pre-authorization and reduce chargebacks. Businesses that prevent criminal fraud before they authorize a transaction are less susceptible to chargeback fraud and inventory loss.
Post-authorization, Kount’s friendly fraud solution allows businesses to deflect disputes and intercept chargebacks as they occur. From a single Kount dashboard, businesses can view chargeback inquiries, alerts, and notifications as soon as they happen. The easy-access dashboard allows businesses to manage, act on, and resolve disputes quickly.
Kount’s chargeback and professional services help merchants track performance, course correct, and get more revenue in every channel.
Kount’s chargeback and fraud experts fine-tune policies and implement fraud prevention models to fit changing business goals. As a result, merchants can accept more good orders and track fraud, decline, approval, and false positive rates.
Since Getty Images deployed Kount’s industry-leading AI and machine learning technology for chargeback protection, it has reached a total chargeback-to-sales rate of less than .01%.
That’s a 90% reduction compared to its highest historical chargeback levels. Today, Getty Images averages a fraud decline rate of less than 0.5% and a false decline rate of 0.06%.
Kount’s chargeback solutions can reduce chargebacks up to 99%