Payment infrastructure systems specialist Pay.On has agreed a ‘strategic cooperation’ with Kount, the software-as-a-service (SaaS) provider of fraud and chargeback prevention software.
Pay.On is also integrating the services of the Kount Complete platform and fraud control technology Kount SMB into its infrastructure platforms, making Kount’s solutions available to all clients worldwide. The two companies are also combining their global distribution network to promote the mutual expansion of their client base.
The partners commented that preventing fraud and chargebacks are two key challenges for payment service providers (PSPs) and independent sales organisations (ISOs) when it comes to protecting their merchants and their end customers. The constant expansion of security barriers is an ongoing task in order to minimise fraud using all available technology and to prevent chargebacks while supporting improved sales conversion rates.
Integrating the Pay.On platform with the Kount fraud management solution aims to offers PSPs a set-up with optimal support for their expansion strategies, from global processing across all omnichannel payment platforms and instant connectivity to payment providers via a single application programming interface (API) to rapid merchant onboarding, mobile payment solutions and state-of-the-art fraud and chargeback prevention – all of which meet the latest international payment card industry (PCI) and security standards.
Pay.On and Kount added that they have also decided to support each other in the acquisition of new clients around the globe.
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.