Company Name: iSignthis
Announcement Date: 16/10/2017
Announcement Category: Contract/Partnership
Announcement Content:
Tradefinancial transacting via ISXPay Australia
Highlights:
• Australian CFD Trader, Tradefinancial, completes integration and is now transacting “live” with ISXPay® via Paydentity™ platform.
• ISXPay® providing payment processing, settlement and full payment facilitation services
• Tradefinancial will contribute revenue in the current quarter
*Melbourne, 16th October 2017* – Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX / DE: TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to announce that it has completed integration of its services to Australian Securities and Investment Commission (ASIC) regulated Tradefinancial (www.tradefinancial.com.au).
As previously announced, iSignthis offers payment facilitation services in Australia (ISXPay®), via its integration with the National Australia Bank (ASX: NAB). The agreement with the NAB allows ISXPay® to offer full card acquiring payment facilitation services including processing, clearing and funds settlement to merchants, including Tradefinancial, of Visa and Mastercard transactions, in addition to BPAY payout facility to Australian cards. ISXPay® incorporates the Company’s Paydentity™ technology, which provides identity verification (IDV) services in addition to our patented payment instrument verification (PIV) and strong customer authentication (SCA).
Tradefinancial is now processing live transactions via the ISXPay® service, and will contribute revenue in the current quarter. Services are progressively going live from today, commencing with payment facilitation. Paydentity™ services to be scaled in shortly.
Revenue contribution has been forecast on an aggregated basis based upon merchant provided data per the announcement dated 11th October 2017.
Actual revenue and earnings will be reported on a sector, geographic and/or service stream basis. The Company has now contracted merchant customers for ISXPay® and Paydentity™ services across multiple sectors, including the trading/brokers, gaming, digital, fintech and retail sectors.
The Company’s agreement with the NAB will be leveraged to provide card acquiring services for further Australian and New Zealand online merchants.
The A/NZ acquiring services complement the Company’s European Monetary Financial Institution e-Money license, its European partnership with Worldline (FR: WLN) and the Company’s own Principal Memberships of Visa Inc (NYSE: V), Mastercard Worldwide (NYSE: MA) and JCB International. Principal membership of card schemes allows the Company to independently offer both acquiring (i.e. fund processing & settlement) together with issuing of cards, including virtual, credit, debit & prepaid cards.
iSignthis continues to build strong relationships with AML/CFT regulated merchants, enabling them to meet the vast and complex compliance requirements of AML regulations in Australia, the USA and Europe via its Paydentity™ and ISXPay® services.
Announcement URL: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01908057
About iSignthis:
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX / FRA : TA8) is the only neobank focussed on making business banking simpler. We are the global leader in remote identity verification, payment authentication and payment processing to meet AML/CFT requirements. iSignthis provides an end-to-end on-boarding service for merchants, with unified deposit taking, IBAN accounts, payments, card acquiring and identity service via our Paydentity and ISXPay® solutions.
By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard. We offer global reach to any of the world’s 4.2Bn ‘bank verified’ card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.
iSignthis is the trusted back office solution for regulated entities, allowing our customers to stay ahead of the regulatory curve and focus on growing their core business.
We are a principal of Visa, Mastercard, JCB, ChinaUnionPay and AMEX.
Go to Company Profile for: iSignthis
Announcement Contact: [email protected]
