PresseBox
Pressemitteilung BoxID: 334508 (Diebold Nixdorf GmbH)
  • Diebold Nixdorf GmbH
  • Heinz-Nixdorf-Ring 1
  • 33106 Paderborn
  • http://www.wincor-nixdorf.com
  • Ansprechpartner
  • +49 (5251) 693 30

Wincor Nixdorf and IRIS Analytics: Cooperation to make payment transactions more secure

(PresseBox) (Paderborn, ) Bundled expertise brings greater security to electronic payment transactions: Wincor Nixdorf, one of the world's leading providers of IT solutions for retail banks and retailers, and IRIS Analytics, leading provider of realtime fraud prevention software for electronic payment transactions, will be working together closely in the future. Wincor Nixdorf will distribute the software product IRIS on a global scale and also offer it to customers as an integral part of its ProClassic/Enterprise Retail Banking Solution Suite.

IRIS follows a multichannel strategy, combining and evaluating information from any payment channel desired. Data from cardbased transactions, online banking or mobile banking can be linked and analyzed in real time. Highly suspicious transactions can be rejected directly during the authorization process with a hitherto unmatched accuracy. For example, if an authorization computer receives two authorization requests for the same debit or credit card more or less at the same time from Moscow and New York, the solution can reject the authorization and thus prevent misuse. When it comes to online banking, IRIS also reacts to unusual behavior, such as someone accessing an account from an IP address that has never been used before and attempting to transfer money to a suspicious target account, or trying to withdraw a large amount of cash from an ATM shortly afterwards. "Criminals work in global networks, are very creative and act quickly," says Hanns-Michael Hepp, Managing Director of IRIS Analytics. "IRIS is a highly flexible, proactive tool for fraud protection that enables our customers to detect complex interrelationships as early as possible and prevent misuse." "Fraud is one of the biggest challenges in the electronic payments arena these days," Johann Praschinger Head of Payment Solutions at Wincor Nixdorf adds, "and we make sure that our customers aren't left out in the rain in this respect."

Through this partnership, Wincor Nixdorf and IRIS Analytics offer their customers stateoftheart technology, extensive knowhow and a coordinated strategy for more secure payment transactions. "Our endtoend security concept ProTect provides our banking customers' card holders with effective protection at ATMs and terminals; with IRIS, we're extending this protective shield to the other payment channels too," says Johann Praschinger. The main focus is on reducing all fraudrelated costs and increasing customer satisfaction. Whenever there's reason to suspect that customer data has been compromised, the respective cards and accounts can be kept under special surveillance through IRIS. "The cards in question are only replaced in the case of an actual fraud attack. This helps prevent costly, reputationdamaging mass replacements, " Johann Praschinger adds. The IRIS technology therefore allows fraud attacks by organized criminals to be averted without notably affecting permissible transactions.

This document contains forwardlooking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forwardlooking statements are subject to risks and uncertainties, the nonoccurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forwardlooking statements. This also applies to the forwardlooking estimates and forecasts derived from thirdparty studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.