Partners with IPGPAY Limited in Asia Pacific
Melbourne, June 16, 2015 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) is pleased to announce that it has entered into an agreement with Hong Kong based online payment gateway service provider, IPGPAY Limited ("IPGPAY").
iSignthis and IPGPAY will integrate the ISX cloud based electronic Know Your Customer (e-KYC) remote identity service and Strong Customer Authentication (SCA) by early July 2015.
Under the agreement, iSignthis e-KYC and SCA will be made available to merchants whose payments are processed by IPGPAY, and may be utilised to onboard natural persons to meet customer due diligence compliance for Anti Money Laundering (AML) regulations.
SCA will be made available across the IPGPAY payment network, in order to secure payment transactions for merchants and mitigate payment fraud.
IPGPAY competitive advantages will be augmented by the integration of iSignthis services with the full IPGPAY service offering from the merchant website integration through to multi currency acquirers
The service is targeted at AML regulated eMerchants, airlines, and online travel agencies amongst other merchant categories, located in Asia Pacific. IPGPAY is able to facilitate payment solutions across the region including Visa, MasterCard, American Express, China UnionPay as well as a number of local alternate payment solutions.
Alan Conder, Executive Director of IPGPAY Limited said "IPGPAY is proud to be partnering with iSignthis to offer its suite of identification verifications services to our customers in Asia Pacific.
We believe the iSignthis products will be particularly well received by a number of key market verticals including airlines, online travel services, online money transfers and any merchant looking for certainty as to their customers identify and standing. We also see the iSignthis solution as being a powerful value add that will help manage risk and reduce fraud from our acquirers perspective."
John Karantzis, Managing Director of iSignthis Ltd said "We are delighted to be working with IPGPAY in Asia Pacific, and look forward to providing advanced anti fraud, customer identity and payment authentication services in the region. IPGPAY as a channel partner significantly extends the iSignthis reach to prospective customers, and strengthens the customer proposition of both parties".
About IPGPAY Limited
IPG Holdings Limited (IPG) entered the online payments and e-commerce market in 1997 with the vision of becoming a global force in the delivery of full-service, state-of-the-art payment gateway solutions. In 2010, with IPG already represented in Europe, North America and Australia, IPG International Limited was established in Hong Kong to develop tailored e-commerce solutions for the Asia-Pacific region.
IPGPAY Limited was established in early 2012 as a direct-to-merchant solutions provider using the IPG gateway technology. Our Hong Kong-based team of experts is committed to providing our merchants with high-quality support to ensure the success of your online business.
IPGPAY has offices in Hong Kong, Singapore and Sydney.
See http://www.ipgpay.com
About iSignthis Ltd
iSignthis Ltd (ASX:ISX) (FRA:TA8) is a hybrid monetary financial institution and also a RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment, electronic money and identity service via our Paydentity(TM) and ISXPay(R) solutions.
By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.
iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.
ISXPay(R) is a principal member of Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, PRZ24 and others.
Probanx Solutions Ltd, a wholly owned subsidiary of iSignthis Ltd, provides API based access to CORE Banking solutions, SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Eurosystem's Central Bank of Lithuania's CENTROLink service.
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