MasterCard has made an agreement with fraud prevention provider Kount, to make its Expert Monitoring Fraud Scoring for Merchants Application Programming Interface (API) available to all Kount’s merchant customers.
MasterCard’s application allows online merchants to detect fraudulent purchases and minimise the potential of declining transactions.
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By GlobalDataThe service gives merchants an insight into cardholder behaviour by providing a predictive fraud score that measures the possibility of a transaction being fraudulent in real-time.
Chief executive of Kount Brad Wiskirchen said: "As cybercriminals increase in numbers and sophistication, merchants need the most effective tools possible."
"Combining the Expert Monitoring System Fraud Scoring for Merchants via the MasterCard API with Kount’s award-winning platform agent can provide an added level of insight to help merchants further customize their fraud protection according to specific parameters that match the needs of their businesses," he concluded.
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