GoECart Teams With Kount to Help Protect Merchants from Fraud and Safeguard Customer Information and Revenues

There’s no denying it. Online fraud is a serious problem for ecommerce merchants of all shapes and sizes today. A recent report sponsored by industry analysts Cybersource cited that online retailers are hit with fraud from international orders at a rate that is twice the overall average. One reason fraudsters target online retailers is because of the rise of EMV chip and pen technology in the physical world. Put simply, fraudsters see online retailers as an easier target. For web merchants, this is pretty scary stuff.
gI_105967_KountLogoOkay, so now for some good news. At GoECart, we are 100% committed to fighting fraud and helping online retailers put specific tools and technologies in places to prevent it from happening. This week we announced a new partnership with industry fraud prevention leader Kount Inc.
Kount analyzes, in real time, hundreds of relevant variables associated with online payment activities across the globe. Its engine then uses this information to flag an order when components of a transaction appear suspicious. . Leveraging a multitude of proven and patented technologies that are customized to the specific requirements of its customers, Kount minimizes the online store owner’s time and number of transactions manually reviewed due to suspected fraud.
Manish Chowdhary, GoECart’s CEO, lauded the new partnership as a win- win for any merchant concerned about the alarming increase in online fraud. “Online shoppers checking out of a Kount-enabled GoECart checkout will benefit from an advanced decision engine that checks an online shopper’s data against multiple variables to ensure that customers are who they say they are. Kount technology embedded into GoECart’s award-winning single page checkout will keep both customers and merchants happy,” he said.
Brad Wiskirchen, CEO of Kount, said:. “Our partnership with GoECart extends the reach of our industry-leading technology to thousands of merchants through their fully-integrated solutions. Together we share a common goal, to help online merchants succeed by boosting sales and reducing costs and losses, especially those caused by fraud.”
GoECart clients who leverage Kount will not just be able prevent fraud but they will also enjoy a seamless and rapid onboarding process as well as great pricing for the solution.
Sorry fraudsters!

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1 Comment

  • jparker42 says:

    Are you experiencing higher than normal chargeback rates? You might be getting hit by fraudsters and not knowing it. That’s because it can take 60 – 90 days or more for chargebacks to be reported to you, making timely fraud detection nearly impossible. Worse, it exposes you to long-tail losses that can roll on for months, negatively affecting your bottom line.

    CHARGEBACK WARNING SIGNS
    ————————
    Chargeback rate above 0.5% (50 basis points)
    Decline rate higher than 1%
    Manual reviews exceed 10% of orders
    Refund rate higher than 1%
    Higher affiliate turnover
    Shopping Cart abandoned after submitted transaction