Kount starts supporting payments via Apple Pay

Friday 24 October 2014 14:08 CET | News

Fraud and risk management technology company Kount has begun supporting Apple Pay in the company’s global fraud solution platform

With Apple Pay, customers dont share their actual credit and debit card numbers when they make purchases. Instead, a device account number is assigned, encrypted and stored. When a customer makes a purchase, that number along with a transaction-speci?c dynamic security code is used to process the payment. Apple never shares the actual card numbers with merchants or transmits them with payment. In addition, the cashier never sees the customers name, card numbers or security code.

Kount’s solution enables its customers, both online merchants and online payment processors, to stay ahead of the hyper-speed developments in payments and cybercrime. Because Kount technology is designed to be agnostic to payment type and device, it offers customers a future-proof fraud solution when it comes to devices and payment type.

Kount is an all-in-one SaaS platform which enhances fraud detection and enables online businesses accept more orders. Kount’s proprietary technology has reviewed hundreds of millions of transactions and provides protection for global brands. Merchants using Kount can accept more orders from more people in more places.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Kount, Apple Pay, web fraud, risk management, online security, online merchants, online payment processors
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events