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SaaS Platform Kount Partners With Verifi To Help Firms Minimize Disputes, Fraud

PYMNTS

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi. “The

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Equifax Strikes Deal To Buy Kount

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Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.

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Inside Kount’s Fraud-Fighting Machine

PYMNTS

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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Why Voice Authentication’s Doing Prison Time

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New technology often starts out at the U.S. Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers.

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Boosting Access To Financial Services In Brazil

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As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. The goal of the partnership is to make it easier for device makers to incorporate biometric experiences.

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Deep Dive: Why State And Local Agencies In The US Still Struggle With Instant Payments

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New York offers retirees direct deposit for disbursements, for example, and agencies in Idaho now facilitate digital payouts for child support payments. Fraud Issues Stemming From Paper Check Use. Check fraud affected 70 percent of U.S. organizations in 2018, though, so their benefits no longer outweigh the other drawbacks.

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Behind Bars: Mobile Payments And Digital Disbursements Go To Prison

PYMNTS

The spread of digital payments within the world of prisons, however, is not without fraud. Of course, prisoners being prisoners, one can expect a certain level of fraud when it comes to digital payment systems designed for inmate use. China Efforts. The latest development comes this month from China. That trend in playing out in U.K.

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