Cardstream announced its partnership with Kount to deliver AI-driven integrated fraud protection solutions to its Open®Payment Network.
Kount offers a multitude of different fraud prevention solutions, including the Partner Central Solution, which is a platform designed to protect payment service providers and their merchants. Kount’s AI-Driven Fraud Protection model utilises two types of advanced Machine Learning (ML) AI to detect fraudulent patterns successfully. Based on its own data analysis learning, Kount’s two types of ML Models are:
- Supervised Machine-Learning Model – using predetermined data such as a digital fraud profile that the model can quickly look at to identify incoming the fraudulent data .
- Unsupervised Machine-Learning Model – this a system that relies solely on making its own interpretations from the data by detecting patterns and anomalies. This method really is the way of the future in combatting fraud crime.
Kount’s Omniscore scoring feature, a transaction safety rating, combines analytical elements of both supervised and unsupervised machine learning into one score. Using its universal data network comprising billions of historical and current transactions, Kount has created machine learning algorithms that any digital financial business can immediately rely on in its fight against fraud.
Brad Wiskirchen CEO of Kount said:
“The eCommerce environment is rapidly growing and changing. Partnerships between payment service gateways and Kount bring together both stability and innovation to provide merchants with a powerful solution to combat emerging fraud strategies while providing a seamless payment experience for customers. By leaving fraud prevention and regulation management up to the experts, businesses can focus on what they do best.
