Chargebacks in e-commerce - Never Again

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C&M Software Global CEO Orli Machado announced the international release of their new application that will revolutionize security within the virtual market place.


KUMRAM makes transactions faster and safer, mitigating the risk of fraud...

KUMRAM (kōōmräm´) is a high performance application offering security and flexibility to online customers, who can use it to login, complete registration forms, and purchase items more securely, consequently increasing merchant’s sales conversions.

Although convenient, e-commerce transactions tend to be some of the most vulnerable. The merchant cannot see the buyer, making it very challenging to prevent fraudulent charges. Additionally, it is difficult for the merchant to verify information such as the payee’s phone number, or the location where the transaction initiated.

KUMRAM makes transactions faster and safer, mitigating the risk of fraud for the merchant while providing a secure payment environment for the consumer. The technology behind KUMRAM consists of multi-layer security features used to enhance protection when transacting online. The applications use of facial recognition, geo-location and tokenization further validate the integrity of each payment and login scenario. With this layered security, a more secure environment is established for the consumer and the merchant.

The application’s name and development was based on Qumran, an ancient village on the northwest shore of the Dead Sea; famous for having close proximity to the caves in which the Dead Sea Scrolls were found in 1947. The development of KUMRAM was greatly inspired by the lost city and the caves that securely protected the ancient scrolls. “The simplistic, yet secure approach to protecting information became the benchmark and basis for its inception," said Mr. Machado.

The app will be available for iOS and Android and is being launched simultaneously in the North American and Brazilian markets.

About C&M Software
C&M Software has been developing state of the art technology and business intelligence services for a diverse range of industries since 1992. The company provides mission critical software to institutions in virtually every segment of the financial industry. C&M’s primary goal is to automate the many, time consuming, manual processes associated with security, fraud, credit analysis, risk analysis, risk mitigation, cash flow management, and credit approval systems. Having 20 years of experience in the enterprise software space, the company has been able to develop technologies and systems, which have been proven to be secure, safe and efficient.

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Ximena Toro

Orli Machado
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