Company Name: iSignthis
Announcement Date: 12/07/2017
Announcement Category: Contract/Partnership
Announcement Content:
Headlines:
⢠iSignthis eMoney Ltd, a subsidiary of the leading RegTech payment and identity verification provider iSignthis Ltd, enters into an agreement with Worldline to provide eCommerce merchants the advanced capabilities of Paydentity⢠with the acquiring1 experience and strength of Worldline (EPA : WLN).
⢠Worldline is the largest pan European card acquirer and e-payment services company, with 45 years of experience.
⢠Merchants to benefit from access to Worldline large scale card acquiring coupled with iSignthis RegTech
⢠The service is set to go live across Europe circa late September 2017
Brussels, 12th July 2017 â Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX) (FRA : TA8) is pleased to announce that its subsidiary iSignthis eMoney Ltd (âISXPayâ) has entered into a partnership agreement with Worldline.
Worldline, a Euronext listed (EPA: WLN), multi-billion market capitalization company has over 45 years of experience in the industry and is Europeâs leading payment and transactional payment service provider. Worldline is able to process billions of electronic transactions per year with their strong industrial processing capabilities and highly secure data centers.
European eCommerce merchants, including FinTech firms, will shortly have access to an exciting new service that combines the RegTech capabilities of iSignthis, with the acquiring capabilities and expertise of Worldline delivered via ISXPay.
Merchantâs contracting directly to the service via iSignthis will have access to the full Paydentity⢠suite of services. Paydentity⢠services include identity verification, payment acceptation and authentication solutions, coupled with the Worldline Visa and MasterCard acquiring, settlement and clearing services.
Paydentity⢠addresses the critical aspects of due diligence, monitoring and authentication requirements of the 4th Anti Money Laundering Directive (4AMLD) and Payment Services Directive 2 (PSD2), and is currently being deployed to major FinTech services companies and ecommerce merchants in Europe. The Worldline agreement allows for a faster and more expansive go to market strategy, and allows iSignthis to leverage the balance sheet, cash settlement and clearing capabilities of Worldline to provide surety to even the largest merchants.
John Karantzis, CEO of iSignthis said âiSignthisâ partnership with Worldline allows us to target the largest ecommerce merchants and FinTechs in Europe. We can now offer Paydentity in conjunction with large scale card payment facilitation services through ISXPay. This partnership provides our customers with the benefits and assurance that they are contracting with the industry leaders in Europe.â
iSignthis eMoney Ltd (âISXPayâ) will be operating under its own eMoney Monetary Financial Institution license to directly contract European merchants. It will offer merchants the end to end Paydentity⢠service, including identity verification, authentication together with the strength and assurance of the Worldline card acquiring services delivered via ISXPay. ISXPay services include JCB card acceptance, and alternative payment methods such as Yeepay, Sofort and others within Europe. iSignthis will also offer its Australian and New Zealand ISXPay card acquiring services to its multinational merchants via its agreement with the National Australian Bank (ASX : NAB).
Announcement URL: http://www.abnnewswire.net/press/en/89082/iSignthis-Ltd-(ASX-ISX)-Worldline-Partnership-Enhances-Paydentity-Services-Across-EU-89082.html
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 ISXPayÂŽ 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 worldâs 4.2Bn âbank verifiedâ 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]
