April 25, 2013 06:00 ET

eMerchantPay Extends its Fraud Fighting Capabilities with IRIS

LONDON, UNITED KINGDOM--(Marketwired - April 25, 2013) - eMerchantPay, the trusted global leader in international payment processing for e-commerce, recurring payments, virtual terminals and more announced today its partnership with IRIS Analytics, a provider of fraud prevention solutions and risk management consulting services. As part of the partnership, eMerchantPay adds real-time transaction analysis technology from IRIS Analytics to its arsenal of fraud protection mechanisms.

"IRIS will give eMerchantPay a centralized point of transaction monitoring across different entities which will lead to reduction of the fraud to sale ratio along with instant decision-making on the transaction flow," states Yoni Roth, CRO of eMerchantPay.

Merchants will also be granted the right of extended control over their volume through specific rule setting capabilities to maximize the pass-through of good transactions.

IRIS Analytics' flagship product IRIS will be used to monitor the whole range of eMerchantPay user activities, such as payments, pay-outs, user registrations, etc., in real-time. IRIS will also be used to consolidate information from eMerchantPay's other fraud tools, and give a consistent and reliable recommendation for each payment transaction processed by eMerchantPay, in real-time.

"The analytical strengths and the highly flexible decision making mechanisms of IRIS help eMerchantPay merchants to convert unknown customers into secure customers. In turn, merchants benefit from both fraud reduction and higher sales volumes," adds Nikolaus D. Bayer, managing director at IRIS Analytics. "We are very pleased to add eMerchantPay to our growing list of PSP customers."

The IRIS fraud technology corresponds to various business and partnership needs and further develops eMerchantPay's capabilities for risk management services suitable to multiple global e-commerce industries.

About eMerchantPay

eMerchantPay is the trusted global leader for international online payment processing with merchant customers in over 40 countries across the globe. Innovative payment solutions offering processing in more than 150 currencies and various languages, plus dedicated account managers providing personal service that is second-to-none make international online payment processing easy, convenient and affordable. Quality, long-term, global banking relationships, plus in-house risk liability and accountability enable eMerchantPay to offer merchant accounts to businesses of all types and sizes, even in high risk situations where approval has previously not been secured.

Founded in 2002, the eMerchantPay Group is a privately held corporation headquartered in Europe with offices in Boca Raton, Fla., the United Kingdom and Sofia, Bulgaria. eMerchantPay Corporation is a member of the Electronic Transactions Association. eMerchantPay Limited is a United Kingdom Financial Services Authority (UK FSA) licensed payment institution. The Group's operations in Bulgaria are ISO 9001:2008 and ISO 27001:2005 certified by Lloyd's Register Quality Assurance (LRQA) and its gateway and solutions are Payment Card Industry Data Security Standard (PCI DSS) Level I compliant.

About IRIS Analytics

IRIS Analytics serves the electronic payments industry as a competence centre for the prevention of payment fraud. The company develops and markets the IRIS fraud prevention solution and provides consulting services. Issuers, acquirers and payment processors across the globe use IRIS, and thereby benefit from reduced fraud losses, increased customer satisfaction and significant reduction of the total cost of ownership (TCO).

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