News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Recurly, Kount Partner to Prevent Fraud for Subscription-Based Merchants – March 31, 2016

Recurly, Kount Partner to Prevent Fraud for Subscription-Based Merchants

March 31, 2016

Recurly, Kount Partner to Prevent Fraud for Subscription-Based Merchants Recurring-billing platform provider Recurly and antifraud technology provider Kount today unveiled a partnership the companies said will help subscription-based merchants prevent the specialized types of fraud that most affect those businesses. Despite the obvious advantage of persistent, recurring revenue enjoyed by merchants employing a subscription model, the other side of the coin is they can be especially susceptible to card-not-present fraud and chargebacks. Recurly CEO Dan Burkhart said partnering with Kount to address these specific issues will enable subscription billers to keep more of that revenue.

“Every aspect of our company is built to ensure the growth and preservation of predictable recurring revenue for our customers,” said Burkhart. “Safeguarding profit, reducing associated costs, and ultimately protecting brands is a shared goal between Kount and Recurly as we seek to detect and stop fraud before it impacts revenue and damages both subscriber and banking relationships.”

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Daniel Leibovitch