Payment management platform IXOPAY has announced a new partnership with digital fraud prevention specialists Kount.
Customers of IXOPAY’s platform can now begin to utilise Kount’s AI-driven fraud prevention, machine learning-based solution.
“We are particularly pleased with our cooperation with such renowned experts in the risk management and fraud protection industry. Most eCommerce businesses struggle with fraudulent transactions and chargebacks, which cost them a lot of time, money and resources,” said Adam Vissing, VP sales & business development, IXOLIT Group.
“Therefore, offering our clients an even higher level of fraud protection through the integration of services such as Kount makes perfect sense.”
Dubbed Kount Complete, the solution’s machine learning has been trained on over 12 years of a global data network, a flexible business policy engine and self-service analytics.
IXOPAY expect integration of the solution to its proprietary risk management engine will provide customers with “the highest level of protection for online businesses to mitigate fraud and increase revenues.”
The platform can either calculate a combined score based on the results of the risk assessment in both systems or completely outsource risk analysis to Kount Complete while processing transactions via IXOPAY.
Users of the platform can also organise its business policies through their Kount profile and connect it to IXOPAY in order to evaluate and make a judgement on transactions.
“Kount and IXOPAY’s partnership allows business to confidently make transaction decisions that further their business objectives while protecting their digital innovation from fraud,” explained Tom War, vice president of sales, Kount.
“Kount’s 12+ years in the payments fraud prevention and account protection industry has demonstrated our ability to help businesses cut chargebacks and decrease declined orders to improve revenue, and slash manual review rates to lower operational costs.”