Zoot and IRIS partnership makes enhanced fraud prevention available as ‘Software-as-a-Service’

LONDON - Dec. 12, 2013 - PRLog -- IRIS Analytics, a leading provider of technology and consultancy services to the payments industry to combat electronic payment fraud, has partnered with Zoot, a global provider of advanced instant credit decisioning, risk management, loan origination and workflow management solutions, to provide Zoot’s customers with an IRIS “cloud” offering designed to prevent fraud in real-time.

The IRIS real-time fraud and risk control solution provides customers with the ability to score more than 2,000 transactions per second with response times less than 5 milliseconds. Fully PA-DSS approved, it covers all banking channels and has been implemented by customers across Europe, the Middle East and North America.

IRIS has now been fully integrated into the Zoot platform, so that IRIS is now available to customers via a Software-as-a-Service (SaaS) deployment model, as an alternative to in-house deployment.

Nikolaus D. Bayer, managing director of IRIS Analytics GmbH, explains: “Zoot’s extensive experience and world-leading SaaS infrastructure is not simply a means of helping us establish a SaaS version of IRIS. The Zoot-IRIS partnership is much more than that. IRIS and Zoot customers can now benefit from an out-of-the-box integration via Zoot’s zLink^SM solution (http://www.zootweb.com/data-aggregation-solution.html)that enables access to complementary data – such as credit agencies – without any additional implementation effort. These enhanced data sources further increase the effectiveness of IRIS’ payment fraud prevention.”

Zoot’s zLink data and services marketplace provides pre-built integrations to more than 70 data providers worldwide. In addition, using the SaaS infrastructure allows IRIS users to intelligently share valuable information – for example, joint white/blacklist or tracking behaviour of fraudsters, consumers and merchants – across portfolios, if desired.

Mischa Schmierer, VP Solutions & Services at Zoot Deutschland GmbH, added: “Agility is a key factor to successfully fighting fraud. This joint offering lowers customers’ internal IT efforts and costs, speeds up time-to-market and provides unrivalled agility. Zoot’s clients will greatly benefit from access to IRIS’ fraud prevention services.”

About IRIS Analytics

IRIS Analytics provides technology and consultancy services to the payments industry to beat electronic payment fraud. It develops and markets the IRIS off-the-shelf fraud prevention platform which powers real-time fraud scoring across the full range of electronic payment channels, including credit, debit, prepaid, online and mobile. IRIS enables payment processors, switches, payment service providers and issuers across the world to analyse and respond to complex fraud patterns in real time, staying one step ahead of evolving, unanticipated fraud threats.

www.iris-analytics.com (http://www.google.com/url?q=http%3A%2F%2Fwww.iris-analyti...)

Contacts: Denise Gee at denise.gee@iris.de      UK telephone: +44 779 3768109

Or Simon Hardie at simon.hardie@iris.de         Turkey telephone:  +90 534 7999274

About Zoot

Zoot is a global provider of advanced instant credit decisioning, risk management, loan origination, and workflow management solutions. For more than 20 years the company’s innovative tools and services model has enabled Zoot clients to meet their exact business objectives and adapt quickly to seize market opportunities. Zoot’s multinational processing environment has the capacity to deliver billions of real-time
decisions annually.

www.zootweb.co.uk

Contacts:

Martin Ripke at martin.ripke@zootweb.eu  German telephone: +49 69 405 66 77 13

Adam Jackson at adam.jackson@zootweb.eu  UK telephone: +44 113 2468693 .