" class="no-js "lang="en-US"> Cardstream Partners with Kount to Bring Fraud Protection to its Open®Payment Network
Wednesday, April 17, 2024

Cardstream Partners with Kount to Bring Fraud Protection to its Open®Payment Network

Cardstream, a global independent provider of white label partner-focused payment services, recently announced that it is partnering with Kount to deliver AI-driven integrated fraud protection solutions to its Open®Payment Network.

Financial crime and other forms of digital payment fraud have long been a pressing issue for financial institutions and payment acceptance companies. Recently, however, fraud threats have become more sophisticated and toxic to financial technology businesses like Cardstream and other global payment providers.

This is where Kount, the market leader in digital fraud prevention, comes into play with its Artificial Intelligence-driven Fraud Protection solutions, which protect over 9000 global companies including Cardstream.

Kount offers a multitude of different fraud prevention solutions, including the Partner Central Solution, which is a platform designed to protect payment service providers and their merchants. Kount’s AI-Driven Fraud Protection model utilises two types of advanced Machine Learning (ML) AI to detect fraudulent patterns successfully. Based on its own data analysis learning, Kount’s two types of ML Models are:

  • Supervised Machine-Learning Model – using predetermined data such as a digital fraud profile that the model can quickly look at to identify incoming fraudulent data.
  • Unsupervised Machine-Learning Model – this a system that relies solely on making its own interpretations from the data by detecting patterns and anomalies. This method really is the way of the future in combatting fraud crime.

Kount’s Omniscore scoring feature, a transaction safety rating, combines analytical elements of both supervised and unsupervised machine learning into one score.  Using its universal data network comprising billions of historical and current transactions, Kount has created machine learning algorithms that any digital financial business can immediately rely on in its fight against fraud.

Brad Wiskirchen CEO of Kount says, “The eCommerce environment is rapidly growing and changing. Partnerships between payment service gateways and Kount bring together both stability and innovation to provide merchants with a powerful solution to combat emerging fraud strategies while providing a seamless payment experience for customers. By leaving fraud prevention and regulation management up to the experts, businesses can focus on what they do best.

People In This Post

Companies In This Post

  1. Berenberg Selects Kaizen for Regulatory Reporting Assurance Read more
  2. PayPal Ventures Leads Pliant’s €18+ Million Series A Extension Financing Read more
  3. Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar’ Era Read more
  4. areeba Solidifies Leadership in MENA Payment Infrastructure with Mastercard Certification Read more
  5. McKenzie Intelligence to Expand US Presence With Support From the UK|CT Insurtech Corridor Read more