Chase Paymentech, Kount Partner to Offer Online Fraud Prevention Tools
April 23, 2010
Online payments processor Chase Paymentech and Kount, a Boise, Idaho-based company that specializes in CNP fraud prevention, recently announced an agreement to offer a suite of fraud detection, management and prevention tools for merchants.“This alliance underscores our commitment to provide merchants with the tools they need to significantly improve and sustain financial performance,” said Chase Paymentech president Mike Duffy. “Our partnership with Kount offers merchants the first truly integrated fraud-monitoring tool at the point of transaction authorization. This is a significant step toward a global effort to reduce CNP fraud.” Salem, NH-based Chase Paymentech, a subsidiary of JPMorgan Chase, estimated that it processed half of all Internet transactions globally in 2009, according to a press release.