Company Name: iSignthis
Announcement Date: 19/01/2018
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 more than 45 years of experience.
⢠Merchants to benefit from access to Worldline large scale card acquiring coupled with
iSignthis RegTech
⢠The service is now live across the European Economic Area
Brussels, 19th January 2018 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 completed technical integration
with Worldline, allowing the parties to commence their partnership announced in July 2017
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 and qualified cryptocurrency exchanges, will now have
access to an exciting new service that combines the RegTech capabilities of iSignthis, with the acquiring capabilities and
expertise of Worldline, to be contracted and delivered via ISXPay.
Merchantâs contracting directly to the ISXPay service via iSignthis will have access to the full Paydentity⢠suite of
AML/CFT compliance services. Paydentity⢠services include customer due diligence, identity verification, payment
acceptation and authentication solutions, transaction monitoring, and original credit transfers (OCT), 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.
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 within Europe and Australia, for
Fintech and cryptocurrency exchanges.
iSignthis will now move to contract its pipeline of prospective EEA merchants, and seek to onboard them as quickly as
possible. The ISXPayŽ Paydentity⢠product offering allows merchants in the high risk categories to take advantage
across the two key continents of Europe and Australia, the worldâs leading identity verification, customer due diligence,
and payments platform, via a single integration.
Announcement URL: http://www.abnnewswire.net/press/en/91714/
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]
