Antifraud technology provider Kount and chargeback management firm Chargebacks911 yesterday unveiled a partnership under which the two companies will integrate their services. Kount merchants will have access to Tampa, Fla.-based Chargeback911’s solution that helps prevent friendly fraud and the chargebacks that result. Merchant customers of Chargebacks911 will have access to Kount’s technology that enables companies to automate fraud prevention and accept more orders.
“Illegitimate chargebacks are increasing at an alarming rate every year and the burden of mitigation unnecessarily falls on merchants,” said Monica Eaton-Cardone, COO of Chargebacks911. “Chargebacks911’s in-depth card scheme expertise and understanding of merchant processes combined with Kount’s best-of-class fraud prevention technology ease this burden off of financial institutions and merchants while ensuring and supporting business profitability.”
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