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Credit Card Fraud Protection for Small Business

June 14, 2011

With the several recent data breaches exposing consumer credit cards and personally identifiable information of thousands of victims at Citibank, a large group of companies had data breaches in 2011, including Sony, Epsilon, Google, the State of Texas, the New York Yankees, and Michael’s Stores. Several of those experiencing those data breaches have sent snail mail letters to their members warning them of the data loss and risk to their information. Some have received emailed warnings and the news has grown more worrying with each new case. The sophistication of the bad guys ranges from simplistic to highly technical exploits.

Small business owners are looking for solutions and many are being offered, below is one of them:




Kount Unveils Enterprise Class Fraud Solution to the Small and Medium Business Market at 2011 Internet Retailer Show
Kount SMB??? Provides Underserved Market with Affordable and Robust Fraud Solution

Boise, Idaho, and San Diego, California (PRWEB) June 13, 2011

Kount Inc., a leading operational provider of fraud prevention technology, today announced the unveiling and demonstration of Kount SMB???, an enterprise fraud solution developed to meet the needs of small to medium sized businesses. Unveiled at this week???s Internet Retailer Show in San Diego, Kount SMB supports organizations with annual revenue under $10 million and will be available through a network of channel partners, including: payment processors, gateways, Internet payment service providers, hosting platforms and commerce engines. A live demonstration can be viewed within Kount???s Booth #1209.

Kount SMB was developed to service the small to medium market and we expect it will have a dramatic impact for both processors and merchants to reduce fraud and the associated losses.” said Brad Wiskirchen, Kount CEO

“Our research indicates that fraud control is a highly sought after and value added service merchants are requesting today. This is primarily because smaller merchants are increasingly falling victim to sophisticated fraudsters that had previously targeted the largest companies and are now moving to smaller, less-protected merchants,” said Brad Wiskirchen, Kount CEO. “Kount SMB was developed to service the small to medium market and we expect it will have a dramatic impact for both processors and merchants to reduce fraud and the associated losses.”

Kount is uniquely positioned to service the SMB market because it owns the platform???s core technology, intellectual property and patents, delivering an elegantly simple solution that is easy to use and is delivered as an integrated package to merchants. Built atop of Kount???s enterprise-class fraud platform, the benefits of Kount SMB to merchants will be in the delivery of the turn key, cost effective enterprise fraud solution that is easy to use. Kount SMB allows businesses to take advantage of the Internet and ecommerce and expand into new markets, without the need for a staff of fraud experts.

For channel partners reselling Kount SMB, the scalable offering will greatly enhance their overall service offering, create a steady stream of additional revenue and cross selling opportunities, provide competitive differentiation, while satisfying a company???s fraud and compliance needs for all or part of their customer portfolio.

To find out more about Kount SMB stop by Kount???s booth #1209. For more information on Kount, visit http://www.kount.com.

About Kount

Kount delivers an all-in-one fraud and risk management platform for companies working in card-not-present environments looking to simplify their fraud/risk operations while dramatically improving bottom line results. Kount provides a single, turnkey fraud solution that is easy-to-implement and easy-to-use. Kount???s proprietary technology has reviewed hundreds of millions of transactions and provides maximum protection for some of the world???s best-known brands. Kount???s solution is feature rich and technology proven. Regardless of the industry, Kount responds with accurate information in milliseconds, thereby enhancing the overall consumer experience. For more information about Kount, please visit http://www.kount.com.

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