SCHAUMBURG, IL – NOVEMBER 17, 2022 – NMI, a leading full commerce-enablement technology company, today announced a product collaboration with Kount, an Equifax Company, and the leader in digital identity trust, fraud, and chargeback prevention, to enhance fraud protection for independent software vendors (ISVs), independent sales organizations (ISOs), and merchant partners.
Kount solutions from Equifax are designed to detect and prevent fraud for e-commerce, m-commerce, and card-not-present transactions. Through this partnership, Kount technology will be made available to NMI’s customer base on top of the company’s proprietary solution, NMI Advanced Fraud Prevention, which sets extensive filters to detect suspicious transactions before they are approved.
Payment fraud is on the rise, considering merchant losses to online payment fraud are expected to exceed $206 billion between 2021 and 2025. Layering Kount technology on top of the NMI Fraud Prevention platform is designed to provide ISVs, ISOs, and merchants with a greater ability to detect and mitigate fraud through the Kount real-time risk analysis and fraud assessment capabilities. This will also be the first third-party solution available in NMI’s App Marketplace and further expands the company’s ability to support full commerce enablement.
"Our collaboration with Kount, an Equifax company, will provide greater value to our partners by giving them an additional safeguard to fight fraudulent transactions," said Nick Starai, Chief Strategy Officer of NMI. “We knew Kount was the right fit for our partner base because of its advanced technical stack. Kount’s adaptive Artificial Intelligence (AI) provides real-time risk analysis, advanced configurable thresholds and end-to-end fraud protection to block or challenge known attacks and suspicious activity all while helping merchants better protect the customer.”
Kount’s AI-driven platform detects and prevents fraud in common online targets such as gift cards, cross-border selling, online charity donations, and account takeover within industries such as travel, jewelry, luxury goods, apparel, electronics, and health and wellness. By leveraging advanced AI and two types of machine learning, Kount solutions work immediately to provide a real-time risk and safety score so that merchants can easily and automatically approve, decline, or challenge transactions
"Kount and NMI share a common commitment to power and protect digital innovation so that more businesses can succeed. Our services complement each other, enabling us to provide end-to-end fraud protection while also delivering more innovation for consumer insights,” said Jared Kernodle, Chief Revenue Officer at Kount, an Equifax company. "By offering our technology together with NMI, we're expanding the number of merchants we can help to enable safer, more secure, and smarter transactions."
For more information on NMI’s marketplace, visit: https://www.nmi.com/kount For more information about Kount, an Equifax Company, visit kount.com.
NMI is a leading global payment enablement platform, processing more than $200 billion in payments annually. We enable payments for over 3,300 partners and over 274,000 merchants around the world and across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended, and whatever’s next. We’re constantly innovating in order to power the next era of payments, building in the latest technology, so ISVs, ISOs, banks, and fintech innovators can focus on what they do best. NMI has offices in the US and UK and serves global customers.
Walker Sands, for NMI
Fill out the form below and we will get in touch with you shortly
Finaro, Mastercard, Northmill and NMI Partner To Pioneer First Cloud Commerce Deployment in Europe
Finaro, the global cross-border payment provider and fully licensed bank, has today announced its European Cloud Commerce deployment with paym...Learn More
Old Habits Die Hard: What’s Keeping Consumers Away From Biometric Payments?
Biometric payments are changing the way people pay, both in-store and online. This technology uses biological identifiers, such as a person's ...Learn More
Why 46% of Top 1,000 Retailers Offer Buy Now Pay Later
Buy Now Pay Later (BNPL) is slated to be one of the fastest-growing payment trends in 2023 - especially among younger consumers. In 2021, 45.9...Learn More
Banks could lose ground to Fintechs by not investing in innovative payment technologies
The fintech space is growing - and there’s no stopping it. Studies estimate that the global fintech market will reach $814 billion by 2030, re...Learn More
NMI arms itself for a tougher economy with acquisitions, partnerships
Fears of a recession are looming. A recent survey by Provident Bank found that 67% of small to medium-sized businesses believe a recession may...Learn More
Integrated payments are here - are ISOs ready?
ISOs are feeling the pressure from software companies stepping into the payments arena. Our CEO, Vijay Sondhi, discusses the opportunities ISO...Learn More
Contactless payments on kiosks in open spaces
Our Head Of Product Marketing, Peter Alcock, discusses how the expectations around contactless payments have evolved since the onset of the pa...Learn More
Here’s what payment innovations will be spurred and adopted amid market uncertainty
The onset of the pandemic accelerated the adoption of payment innovations and quickly adapted how we pay. Our CEO, Vijay Sondhi, discusses how...Learn More
NMI Acquires Agreement Express’s Payments Solutions, Providing More Value for Partners
SCHAUMBURG, IL – DECEMBER 6, 2022 – NMI, a leading full commerce enablement technology company, has acquired the Agreement Express payments so...Learn More
NMI Partners With Kount, an Equifax Company, to Enhance Advanced Fraud Protection
SCHAUMBURG, IL – NOVEMBER 17, 2022 – NMI, a leading full commerce-enablement technology company, today announced a product collaboration with ...Learn More