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Brentwood, Tenn., October 20, 2008 Comdata Corporation, a guide in imbursement innovation, has deployed the IRIS snake oil anticipation answer to protect all of its imbursement methods and warfare license fraud. IRIS is deployed in numbers centers in both Brentwood, Tenn, and Louisville, Ky.
IRIS is a software answer that assesses electronic expenses with deference to snake oil and risk, intercepting suspicious contact within the endorsement process. IRIS detects typical matter patterns of fraudulent clients and intercepts means extraction early on.
IRIS was the best answer for us because it chains our 24 7 hassle and has a high level of configurability that complements the requirements of business, said Freddy Ramirez, vice head of jeopardy management, Comdata. IRIS Analytics provided us with at truly optimized produce for our daily requirements of warfare fraud.
As element of Comdata s retailer medley process, Comdata conducted a blind investigation in which it provided a set of anonymous matter numbers to be run through each retailer s system. Communication assessed to be fraudulent were then reported back.
The IRIS blind investigation domino effect exceeded our expectations, said Paul Cogswell, vice head of endeavor jeopardy and fulfillment at Comdata. While our original range was to prevent go-between related fraud, IRIS now acts as our second line up of resistance against request fraud, thus minimizing the financial force of first imbursement default.
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