When it comes to choosing an identity protection tool, there are a few factors you’ll want to consider. These include the level of security and the amount of flexibility that the tool can provide. Here are a few options you can choose from.
Digital identity trust network
In a move to increase its footprint in the digital identity space, Equifax recently announced plans to acquire Kount, a company that uses artificial intelligence to detect fraud risks. The two companies have teamed up to create a comprehensive AI-driven fraud prevention platform that promises to protect customer data.
Kount’s patented technology links signals from over 17 billion devices across the internet to provide personalized experiences and reduce digital fraud. It also reduces chargebacks and improves customer satisfaction. As more signals are collected, the technology becomes more predictive.
Luminate, a technology company, also uses artificial intelligence to detect and mitigate digital fraud. Its products include real-time identity verification and fraud protection, as well as account creation. By connecting data from 17 billion unique devices, Luminate will help to reduce account takeovers and credit card fraud.
In addition to integrating the Kount Identity Trust Global Network, Luminate will leverage the latest in artificial intelligence to deliver fraud solutions that will improve login processes and account creation. These solutions will complement Equifax’s existing data and analytics.
Fraud detection tool
Equifax has announced a new AI-powered fraud detection tool for consumers and businesses. The Luminate platform will provide a deeper level of customer insights by combining data from 32 billion digital interactions and five billion annual transactions. These insights will help simplify identity verification. Its use of machine learning and advanced analytics will reduce fraud, improve login processes, and provide chargeback prevention.
Equifax is expanding its global footprint in the digital identity space through this acquisition. By integrating Kount’s patented technology with its own solutions, it will be able to expand its reach and increase the accuracy of its analytics.
Kount’s AI helps to detect fraudulent behavior, which in turn helps to minimize charges and increase consumer satisfaction. It also delivers real-time fraud prevention and offers personalized user experiences. This makes the platform ideal for large and medium-sized businesses.
Equifax and Kount have worked together to develop a comprehensive AI-driven fraud prevention solution. Through this partnership, they will continue to work together to develop new products and offerings. Both companies have extensive experience in artificial intelligence and machine learning.
Midigator solutions
Equifax announced that it has acquired Midigator LLC. The company provides solutions for post-transaction fraud mitigation and dispute management. It also offers a technology platform to help businesses better understand their customers. By providing real-time data, the company automates the dispute response process.
The acquisition will expand Equifax’s global footprint in digital identity and fraud prevention. In addition, it will improve the security of customer data and help companies protect their information. As part of the acquisition, Equifax plans to enhance its global network of trusted partners to enhance its digital identity solution. Through this network, Equifax will be able to leverage millions of consumers’ trust signals from more than 32 billion digital interactions. This network is supported by award-winning AI.
Together with the Kount Identity Trust Global Network, Midigator’s solution will empower merchants to reduce chargebacks, prevent fraud and increase sales. These products and technologies will also improve the order handling process. And, as a result of the collaboration, payment processors will be able to provide more robust protection to their merchants.
