IRIS Analytics and Société d’Exploitation de Réseaux et de Services Sécurisés (SER2S), a subsidiary of Groupe Cartes Bancaires CB, are announcing today the deployment of a crucial network-based transaction scoring system that tightens security for more than 75% of French payment cards. The product has been supplied and configured by IRIS Analytics for SER2S to address new fraud patterns and schemes that are difficult to detect with the deployment of traditional fraud prevention measures.

The Director of Operations at Cartes Bancaires, Antoine Sautereau, played a leading role in selecting IRIS and implementing new fraud models. He says: “Although EMV by itself is successful in verifying payment cards, an authentic card says nothing about the legitimacy of the parties requesting and accepting the payment. We elected to move ahead of current best practices for payment security by putting transaction profiling right at the core of the French national payment network.”