Published: October 09, 2008
Kount Licenses Newly Patented Technologies to TeleCheck and First Data Corp.
BOISE, Idaho, Oct. 9 /PRNewswire/ -- Kount Inc. (http://www.kount.com/)
announced today that it has licensed two newly patented technologies to
TeleCheck Services, Inc. and its parent company, First Data Corporation.
The license agreement allows TeleCheck and First Data Corporation to use
Kount's device fingerprinting and proxy piercing technologies to help
businesses, such as merchants and financial institutions, safely process
customer payment transactions online.
"These are highly sophisticated technologies that can detect forms of
fraud which are often the most difficult to detect, such as botnet attacks and
organized crime," said Kount CEO Brad Wiskirchen.
Kount's device fingerprinting technology is a method for identifying a
customer computer involved in an online transaction via a merchant website.
It does this by collecting numerous parameters from the customer computer and
assembling them into a device fingerprint that detects fraud.
The proxy piercing technology determines the accurate geolocation of
computers being used to initiate online transactions, providing methods for
determining the true physical location of the customer's computer, even if an
anonymous proxy is being used. This is important to those battling online
crime because crooks often attempt to spoof their actual location by using
anonymous proxies to forward their transactions.
About Kount
Kount(R) is the most advanced fraud-fighting technology available today.
Developed by Keynetics with online and catalog merchant needs in mind, Kount
defends against both traditional and emerging fraud threats. Kount defends
against botnets and other organized crime using a formidable array of tools
including two patented technologies -- device fingerprinting, and proxy-
piercing -- along with Dynamic Scoring(TM), geolocation techniques, and real-
time data streams from websites all across the globe.
Kount provides merchants with maximum risk management control and
flexibility, while automating costly manual review processes to improve the
bottom line. For more information about Kount, please visit
http://www.kount.com.
Contact:
Joanne Taylor
208-472-5662
jtaylor@drakecooper.com
SOURCE Kount Inc.
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