BlueSnap’s All-in-One Payment Platform Just Got Better
The Platform provides the most extensive built-in fraud & risk management to protect payments in every channel
WALTHAM, MA – February 7, 2018 BlueSnap, an online payments technology company, announces today that it has enhanced its end-to-end fraud and risk management in the All-in-one Payment Platform to protect payments at every stage of the journey. The platform comes with a full-stack fraud solution built-in from Kount, Chargebacks 911, Verifi, Ethoca, and CardinalCommerce for 3-D Secure.
Card-not-present (CNP) fraud losses are expected to reach $6.4B in the U.S. alone in 2018. Businesses selling online must have the most robust fraud solution in place to protect their business and keep it growing. But managing multiple integrations and systems can be time consuming and complex.
BlueSnap’s Platform includes a suite of world-class fraud prevention and risk management tools built-in so businesses can accept more orders, from more people, and in more places than ever before. The BlueSnap Platform includes:
Kount – Integration of Kount Central applies advanced machine learning and artificial intelligence technology directly into the payment workflow. Information gathered in Kount Central is reviewed in real-time, evaluated against hundreds of data points and then aligned to merchant’s specific business policies. The result is a level of confidence with every transaction with no added friction in the checkout process. Chargebacks911 fully manages chargebacks to protect businesses against invalid disputes and friendly fraud, with the goal of recovering lost revenue, reducing risk and protecting their bottom line. Ethoca & Verifi – Verifi CDRN and Ethoca Alerts can stop chargebacks before they happen and can prevent up to 40% of fraud and non-fraud related chargebacks so businesses keep more sales. 3-D Secure from CardinalCommerce – BlueSnap supports Cardinal Consumer Authentication, which leverages 3-D Secure, with all the major card programs, to authenticate Card-Not-Present transactions behind the scenes for a friction-free consumer experience. This lets businesses implement an additional layer of protection and comply with any regional or card type requirements or mandates.
“Our goal is to help businesses accept more payments with our Platform without the hassle of having to manage multiple integrations. Building this critical functionality into our solution allows businesses to fraud-proof their payments with a single connection to our Platform,” said Ralph Dangelmaier, CEO, BlueSnap.
“Kount Central is designed specifically to support BlueSnap’s offering to its merchants helping them accept more good orders. Through our partnership, we have collaborated to reduce chargeback rates even during BlueSnap’s accelerated growth, allowing them to concentrate on innovations like these and not worry about fraud.” said Brad Wiskirchen, CEO of Kount. Wiskirchen continued, “The most critical part of our partnership is that our solution was seamlessly integrated into the authorization stream adding virtually no friction to the merchant’s checkout process.”
“We are very proud to have been chosen as BlueSnap’s technology experts in chargeback management. An alarming increase in declines, chargebacks and refunds is not sustainable and effective dispute management couldn’t be more vital for today’s growing business. BlueSnap’s pioneering efforts to bring together a solution that delivers on so many levels will introduce a new strategy for success,” Gary Cardone, CEO Chargebacks911.
BlueSnap helps businesses accelerate commerce by giving them the power to accept orders from multiple sales channels through a single solution that replaces multiple payment integrations. The Platform increases payment conversions with connections to over 20+ acquiring banks and provides additional revenue through enhanced fraud and risk management.
About BlueSnap BlueSnap provides an All-in-one Payment Platform designed to accelerate commerce for B2B and B2C businesses. Our Platform supports online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal. With a single-integration to our Platform you can accept any payment with ease. The Platform includes access to 100 payment types, including popular e-wallets, built-in world class fraud prevention to protect your sales and detailed analytics to help you grow your business. And with integrations to over 100 platforms and shopping carts, you can start processing payments immediately. Learn how BlueSnap can help your business accept payments and sell more at http://home.bluesnap.com/.
“BlueSnap” and its logo are registered trademarks of BlueSnap, Inc.
About Kount Kount’s leading-edge technology helps online businesses boost sales by reducing fraud and allowing them to accept more orders. Kount’s all-in-one, SaaS platform is designed for merchants operating in card-not-present environments and the payment service providers that support them, to simplify fraud detection and dramatically improve bottom line profitability. Companies using Kount see reduced fraud losses and higher order acceptance rates. Kount’s proprietary AI and machine learning along with other patented technology has reviewed billions of transactions and provides maximum protection for some of the world’s best-known brands. For more information about Kount, please visit www.kount.com. Kount on Twitter: @KountInc
About Chargebacks911 Founded in 2011, Chargebacks911 (known as The Chargeback Company in Europe) is the first global company fully dedicated to mitigating chargeback risk and eliminating chargeback fraud. As industry-leading innovators, Chargebacks911 is credited with developing the most effective strategies for helping businesses maximize revenue and reduce loss in a variety of industries and sectors within the payments space.
Chargebacks911 provides comprehensive and highly scalable solutions for chargeback compliance, handling services and fraud strategy management. The company helps decrease the negative impact of chargebacks, thereby increasing revenue retention to help ensure sustainable growth for every member of the payment channel.
Chargebacks911’s unparalleled category experience and Intelligence Source Detection (ISD™) technology identifies the true source of chargebacks, optimizes revenue recovery opportunities, mediates disputes, safeguards reputations, monitors transactions 24/7 and helps proactively prevent future fraud. To learn more about Chargebacks911, visit www.chargebacks911.com.
About CardinalCommerce CardinalCommerce is a global leader in authenticating digital transactions for issuers and merchants. Our technology-leading products reduce fraud, help increase sales and reduce consumer friction for card-not-present transactions. CardinalCommerce is a wholly-owned subsidiary of Visa, headquartered in Cleveland, Ohio. For more information, visit www.cardinalcommerce.com.