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Equifax to Tackle E-Commerce Fraud With $640 Million Kount Deal

  • Online shopping has accelerated during the Covid-19 pandemic
  • Credit-reporting firm expects deal to close in first quarter
Equifax Headquarters

Source:: Smith Collection/Gado/Archive Photos

Equifax Inc. agreed to acquire Kount Inc., which offers fraud protection for e-commerce retailers, for $640 million.

The transaction is expected to close in the first quarter, Atlanta-based Equifax said in a statement Friday. Kount’s employees will continue to be based in Boise, Idaho, and will report to Equifax’s U.S. information-solutions unit.