MasterCard and Kount partner to combat ecommerce fraud

220px-MasterCard_Logo.svgMasterCard recently announced its partnership with fraud prevention and management technology company Kount to make MasterCard’s Expert Monitoring Fraud Scoring for Merchants available to Kount and its merchant customers.

Expert Monitoring Fraud Scoring for Merchants is MasterCard’s application programming interface that helps online merchants detect fraudulent purchases. The tool gives merchants a highly accurate predictive fraud score to enable stronger insight into card behavior.

“This is truly a service designed with merchants in mind,” Johan Gerber, the group head of processing products for MasterCard, said. “It offers merchants and fraud solution providers a way to easily integrate the Expert Monitoring risk score into their fraud detection systems – meaning they can enjoy the immediate benefits of the additional insight without a lot of work on their part.  It’s an immediate win for them.”

Kount is the first company to offer the API tool. It plans to integrate the fraud score into its advanced merchant fraud prevention platform so its ecommerce merchants have fewer occurrences of fraudulent online transactions.

Brad Wiskirchen, the CEO of Kount, said the combination of MaterCard’s API with Kount’s platform agent will add a level of insight to help merchants further customize their fraud protection according to specific parameters that match the needs of their businesses.