Midigator and Kount Partner to Expand Scope of Chargeback and Fraud Prevention
Midigator LLC is a leading chargeback and fraud technology platform leveraged to mitigate risk and recover lost revenue, and Kount, an industry leader of innovative solutions for fraud and risk prevention, have recently unveiled a new partnership to expand chargeback and fraud management solutions for CNP retailers.
The partnership combines Midigator’s exclusive negative database of “friendly” fraudsters and patented technology with Kount’s award-winning, patented “decision engine” technologies for detecting “true fraud” to offer a protective shield around online merchants, keeping fraud at bay.
“This development is great news for eCommerce merchants as they now have a single solution for addressing both friendly fraud and true fraud,” said Mark Standfield, President of Midigator. “With friendly fraud responsible for up to 70 percent of all chargebacks filed, this combined effort confronts these issues head on, which will have a tremendous impact on businesses.”
This linking of two companies in the next step in the evolution of a comprehensive chargeback and fraud technology solution that will further empower merchants and payments processors, giving them the ability to focus on what matters most: growing their business.
This is accomplished through scrubbing against Midigator highly relevant negative database while Kount analyzes hundreds of variables and activity across the globe in under 300 milliseconds, allowing merchants to offset fraud, cut back on chargebacks and refunds and increase sales volume.
“The partnership between Midigator and Kount demonstrates how fraud leaders can join forces to fight fraud and boost sales for eCommerce and mCommerce merchants,” said Brad Wiskirchen, CEO of Kount. “This type of collaboration provides merchants with the best opportunity to reduce cost and loss due to fraud, while increasing revenue across the board.”