Equifax FraudIQ Synthetic ID Alerts vs. Kount, an Equifax company

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FraudIQ Synthetic ID Alerts
Score 8.0 out of 10
N/A
FraudIQ Synthetic ID Alerts – part of the Equifax FraudIQ integrated suite of identity verification, authentication, and fraud detection solutions – can help protect a business from losses associated with synthetic identity fraud. Delivered in batch or real-time, the alerts use patent-pending machine-learning algorithms to detect synthetic identity behaviors and patterns at various entry points.N/A
Kount, an Equifax company
Score 8.9 out of 10
N/A
Kount Fraud Detection Software is an option from the company of the same name in Boise, Idaho.N/A
Pricing
Equifax FraudIQ Synthetic ID AlertsKount, an Equifax company
Editions & Modules
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Offerings
Pricing Offerings
FraudIQ Synthetic ID AlertsKount, an Equifax company
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Equifax FraudIQ Synthetic ID AlertsKount, an Equifax company
Top Pros

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Top Cons

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Best Alternatives
Equifax FraudIQ Synthetic ID AlertsKount, an Equifax company
Small Businesses

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Medium-sized Companies

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Enterprises
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F5 Distributed Cloud Bot Defense
Score 8.3 out of 10
F5 Distributed Cloud Bot Defense
F5 Distributed Cloud Bot Defense
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Equifax FraudIQ Synthetic ID AlertsKount, an Equifax company
Likelihood to Recommend
-
(0 ratings)
8.0
(5 ratings)
User Testimonials
Equifax FraudIQ Synthetic ID AlertsKount, an Equifax company
Likelihood to Recommend
Equifax
No answers on this topic
Equifax
By now, the vast majority of payment gateways have implemented fraud prevention software like Kount. Contracting the solution directly and doing it faster and cheaper than other solutions on the market makes sense if you have several stores and/or sales.
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Pros
Equifax
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Equifax
  • Rule creation
  • Quick execution
  • Robust grading system
  • Alerts
  • Reports and monitoring
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Cons
Equifax
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Equifax
  • It's a lot of data to digest (not a bad thing!), so any way they can break it up into more concise/digestible bits, I would personally find beneficial.
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Alternatives Considered
Equifax
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Equifax
Kount is cheaper and less complex to integrate than other options. However, that ease comes with reduced accuracy. The other option we have chosen was much more complex to integrate, but also has way more accuracy in determining actual fraudulent transactions. This can be verified by a reduced number of calls to customer care.
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Return on Investment
Equifax
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Equifax
  • Positive Impact - It's allowed us to scale our business and remove extra steps from our team members to review transactions. We utilize Kount's automated transaction [decision making] to keep our order processing moving.
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