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Kimbia, a leading provider of online fundraising solutions, events and high-volume crowdfunding events, would like to announce the recent issuance of two new patents to their patent portfolio.
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Since Kimbia’s founding, the company’s mission has been to provide a fast and easy online donation process that allows nonprofits to capture donor’s dollars at the moment of inspiration.
These two newly issued patents protect Kimbia clients from fraudulent activity that is spiking in the nonprofit online fundraising sector. Payment security is not only important to protect the cardholders (donors), it also prevents nonprofits from having to pay needless charges to payment gateways for declined charges.
“When a client approached us for help after they paid half of their monthly donations to cover declined charges from fraudulent card activity, we looked into our role in the payment process,” said Dr. Con O’Connell, Kimbia CTO. “We realized we were uniquely positioned to complement the efforts of banks, gateways and payment networks to amplify their billions in fraud detection and prevention investments. Not only does our patented technology enhance the relationships between our clients and their payment gateways, it saves the nonprofit money allowing them to focus on their mission.”
Kimbia’s patent portfolio already includes patents surrounding their form embed technology. They currently have other patents pending that support a frictionless donor experience. An announcement is due later this year. These patents reinforce Kimbia’s focus on providing the best donor experience in the most secure way to the cause-based market.
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About Kimbia: Kimbia is an online fundraising, crowdfunding, and event platform provider for nonprofits, higher education, and community foundations. The company’s flexible online fundraising solutions enable charitable organizations to create deeper donor relationships by focusing on the donor experience driving more engagement and revenue. In less than ten years, organizations including American Red Cross, Smithsonian Institution, Columbia University, University of California, Berkeley, Communities Foundation of Texas, GiveMN, The Boston Foundation and The Miami Foundation have raised nearly a billion dollars using Kimbia’s Everyday Giving, Peer-to-Peer, Events and Giving Day solutions. For charitable organizations who want to grow their online revenue faster, visit kimbia.com for more information.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f414cb3b-876c-47ba-8635-7b1885e2fc98
Kelly Frost Kimbia 512-366-3240 [email protected]
