Iris

Banking gateways are far from new in the iGaming industry. Whether it’s Canada’s Interac, Spain’s Halcash or some other brand, the concept has been tried and tested. So, it’s no wonder that Greece introduced its own solution.

Iris might be relatively new compared to its competitors, but it still doesn’t pull any punches.

What is Iris?

Iris is a banking gateway and interbank network launched by DIAS Interbanking Systems S.A., a Greek software company. They’re far from newcomers, as the company was founded in 1989. However, Dias already existed as an idea in 1985, when 14 of the biggest Greek banks met and started planning the creation of a unified national Automatic Clearing House (ACH). This move greatly accelerated the development of the Greek financial sector.

Iris can be used in Greece as a payment method for online gambling

In 1995, the Bank of Greece joined DIAS, with more big names also warming up to the opportunity. Likewise, in the 2000s and 2010s, the company/network also joined many major organizations, such as the European Associations of ACHs (EAACH). However, this was just the first step in making online gambling easier for Greek citizens.

How Iris Was Created

The Iris payments service was officially launched in 2017 and has been the flagship DIAS feature since then. As of mid-2023, casino players and sports bettors can use the service if they have an account at one of the following banks:
● National Bank
● Eurobank
● Piraeus Bank
● Attica Bank
● Alpha Bank
● Viva Payment Services

However, this was only the beginning of DIAS liberalizing bank transfers in Greece. Aside from making deposits or withdrawing at gambling sites, users can also send payments to friends and family instantly, pay bills and complete pretty much any kind of online payment. In 2022, IRIS announced their service increased fivefold over a YoY basis. Likewise, they’re in the midst of other projects, such as the collaboration with TBI bank to provide merchants with a more liberalized banking system.

All things considered, Iris is as reputable as can be. They’re supported by some of the most reputable institutions in Greece. In addition, all our tests and player reviews corroborate this information. There have also been no claims of withheld payments, blockages or any other kind of digital shenanigans.

Facts

Payment Type	Payment processor
Headquarters	Maroussi, Athens, Greece
Founded	2017

How to Deposit with Iris

Before you get to the fun part, you must have an account with an Iris-enabled bank. You can see the full list of supported banks in the previous section. Once you have an account, just activate IRIS in the app’s settings. For instance, if you’re an Alpha Bank customer, you can do so in the myAlpha phone app. If anything’s unclear, contact your bank’s support, and they’ll guide you through the process.

Next, at gambling sites, just log into your account and go to the Deposit/Banking page. Pick Iris as your preferred option, and then choose the bank member. After that, all you have to do is handle the transaction on your bank’s secure deposit page. Double-check the information and then confirm the transaction. However, make sure you’ve exceeded the deposit limit needed for claiming a bonus.

The transaction shouldn’t take long, and you should receive a confirmation in your bank account once it’s done. Also, it would be a good idea to refresh the casino page to see if the changes have been finalized.

How to Withdraw with Iris

Unfortunately, Iris isn’t available for withdrawals in 2023. If you want to get money directly to your account, use a bank transfer or a wire transfer. But if speed is your priority, cryptos and eWallets are the way to go.

FAQ

Where can I use Iris for transactions at online gambling sites?

Since Iris is a network of Greek banks, you can only use it if you have a Greek bank account. Likewise, you will only notice the option at gambling sites in Greece.

Are Iris deposits at gambling sites safe?

Of course. Iris is comprised of some of the best and most reputable banks in Greece.

Can I claim a bonus with Iris deposits?

Certainly. All of our top-rated Iris gambling sites offer promos to new Iris depositors. However, if you run into a casino/sportsbook on your own.

Transfer Times and Fees

All Iris deposits are instant, and there are no withdrawals. When it comes to the depositing process, you might run into slight delays if the site has a particularly strict vetting process. That’s why we’d advise all players using Iris to verify their accounts first. Once that’s done, the process will be streamlined.

Security

As a payment gateway system handling sensitive financial data, Iris prioritizes security and encrypts customer information using HTTPS and TLS protocols for secure data transmission during transactions. Iris uses tokenization technology to replace credit card details with unique tokens, adding an extra layer of protection. To prevent fraud, Iris also incorporates AI and machine learning to analyze transactions for suspicious patterns in real-time. So, if anything fishy is going on, Iris will be sure to track it down.

Multifactor authentication for customer logins further enhances account security against unauthorized access. And that’s not even counting the built-in safety features implemented by your bang.

Likewise, the system is equipped with DDoS attack prevention to mitigate downtime risks. Regular security audits, penetration testing, and patching of vulnerabilities further harden Iris against threats. IBS implements physical security controls like biometric entry at data centers housing the Iris servers.

Data is backed up frequently with disaster recovery systems in place. With privacy regulations like GDPR, Iris is compliant with data handling policies. Overall robust security from the development stage through deployment and operations is precisely the thing that we like most about Iris.

Also Nice to Read

News

What is Iris?

How Iris Was Created

How to Deposit with Iris

How to Withdraw with Iris

FAQ

Where can I use Iris for transactions at online gambling sites?

Are Iris deposits at gambling sites safe?

Can I claim a bonus with Iris deposits?

Transfer Times and Fees

Security

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