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ease
features
design
support

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Description

Leading the industry in safeguarding the complete customer experience, from setting up accounts and logging in to processing payments and handling disputes, this solution effectively minimizes chargebacks, manual assessments, and erroneous declines, resulting in enhanced approval rates and increased revenue. The concept of Identity Trust revolves around determining the reliability of each identity involved in every payment, account creation, and login action. Utilizing AI technology, Kount's Identity Trust Global Network TM integrates trust and fraud indicators from 32 billion interactions each year to combat fraud in real-time while facilitating customized customer experiences. By delivering rapid and precise identity trust evaluations, the system ensures secure payments, account setups, and login processes while mitigating risks associated with digital fraud, chargebacks, and unnecessary manual reviews. Furthermore, this innovative approach significantly decreases the occurrence of false positives, alleviating friction for legitimate customers and allowing businesses to confidently accept more valid orders, which in turn boosts overall revenue and optimizes operational efficiency. Ultimately, the solution empowers organizations to enhance their decision-making process, eliminating uncertainty and streamlining customer interactions.

Description

Benford's law serves as a tool for uncovering patterns indicative of improper disbursements. It involves examining audit trail reports from QuickBooks or other bookkeeping software to pinpoint unusual activities like voids and deletions. Additionally, it entails identifying multiple payments made for identical amounts on the same day. A thorough review of payroll runs is conducted to detect any payments exceeding the established salary or hourly rates. Payments made on non-business days are also scrutinized. Statistical calculations help in identifying outliers that may suggest fraudulent activity, and duplicate payments are tested for validation. Vendor files in accounts payable are analyzed for names that may be suspiciously similar, and investigations are conducted to uncover fictitious vendors. Comparisons of vendor and payroll addresses are evaluated using Z-Scores and relative size factor tests. While data monitoring and surprise audits have shown to significantly reduce fraud losses, only 37% of organizations implement these critical controls. For businesses employing fewer than 100 individuals, the average loss due to fraud is estimated at $200,000, highlighting that smaller enterprises often lack the necessary resources to effectively detect and address fraudulent activities. Consequently, it is essential for small businesses to adopt more robust fraud detection mechanisms to safeguard their financial integrity.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

AppBilling
AppMarket
AppReseller
AppWise
BehavioSec
Bizintel360
BlueSnap
Canopy
CatalystPay
Chargeback Gurus
EMB
IXOPAY
Kompliant
NMI Payments
ResponseCRM
Shift4Shop
Sublytics
TEXT2DRIVE

Integrations

AppBilling
AppMarket
AppReseller
AppWise
BehavioSec
Bizintel360
BlueSnap
Canopy
CatalystPay
Chargeback Gurus
EMB
IXOPAY
Kompliant
NMI Payments
ResponseCRM
Shift4Shop
Sublytics
TEXT2DRIVE

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$1,400 one-time payment
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Kount

Founded

2007

Country

United States

Website

www.kount.com

Vendor Details

Company Name

MedCXO

Country

United States

Website

medcxo.com/fraud/

Product Features

Chargeback Management

Chargeback Dispute Management
Chargeback Insurance
Chargeback Prevention
Chargeback Recovery
For Banks / Issuers
For Merchants
For Suppliers / Manufacturers / Distributors
Fraud Detection
Reporting / Analytics

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

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