PAY.ON and Kount Form Strategic Partnership
Payment infrastructure systems specialist Pay.On has agreed a ‘strategic cooperation’ with Kount, the software-as-a-service (SaaS) provider of fraud and chargeback prevention software.
Pay.On is also integrating the services of the Kount Complete platform and fraud control technology Kount SMB into its infrastructure platforms, making Kount’s solutions available to all clients worldwide. The two companies are also combining their global distribution network to promote the mutual expansion of their client base.
The partners commented that preventing fraud and chargebacks are two key challenges for payment service providers (PSPs) and independent sales organisations (ISOs) when it comes to protecting their merchants and their end customers. The constant expansion of security barriers is an ongoing task in order to minimise fraud using all available technology and to prevent chargebacks while supporting improved sales conversion rates.
Integrating the Pay.On platform with the Kount fraud management solution aims to offers PSPs a set-up with optimal support for their expansion strategies, from global processing across all omnichannel payment platforms and instant connectivity to payment providers via a single application programming interface (API) to rapid merchant onboarding, mobile payment solutions and state-of-the-art fraud and chargeback prevention – all of which meet the latest international payment card industry (PCI) and security standards.
Pay.On and Kount added that they have also decided to support each other in the acquisition of new clients around the globe.