Cyber criminals often use a proxy to mask their identity and the stolen credit card information they use online appears as if it’s used legitimately. The technology defined in this patent has the ability to pierce through these proxies to detect the actual IP address of the user, not a false IP masked through a proxy. This helps to flag the transaction as suspect and ensure fraudulent transactions are not approved.
Kount delivers fraud and risk management services for companies working in card-not-present environments enabling them to prevent and fight fraud/risk operations. The companys proprietary technology platform includes artificial intelligence fraud detection methods that provide assessments for card-not-present transactions, including mobile payments.
In recent news, MasterCard and Kount have joined forces to deliver MasterCard’s Expert Monitoring Fraud Scoring for Merchants to Kount and its merchant customers.
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