iSignthis V2.0 Paydentity SaaS Certified to PCI DSS V3.1
Melbourne, Mar 17, 2016 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) ('the Company") is pleased to announce that it has achieved Level 1 Payment Card Industry (PCI) Data Security Standard (DSS) v3.1 certification for its V2.0 SaaS 'paydentity' cloud based identity and payment processing services.
- iSignthis Version 2.0 SaaS now 3rd Party Certified
- Customers expected to go live progressively
- Certification mitigates Company, Customer and Card Holder risk
- Certification allows transaction processing of End Users to commence
The Level 1 certification allows iSignthis to offer full 'paydentity' payment processing services, across all major card schemes.
The audit and certification applies to the companies V2.0 SaaS released in late December 2015. The certification covers technical, security and operational procedures of iSignthis Ltd and its subsidiaries, and further assures our customers of our ongoing compliance with the Payment Card Industry requirements.
As a result, iSignthis Customers will be able to commence transacting based upon their launch timetables, which will be announced separately.
The Company is also uniquely registered with Visa as a Card Authentication Service.
The Company was audited by Security Centric Pty Ltd of Sydney, a PCI Qualified Security Assessor (https://securitycentric.com.au/)
About the PCI Security Standards Council
The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the development, management, education, and awareness of the PCI Security Standards. The Council's five founding global payment brands are American Express, Discover Financial Services, JCB International, MasterCard, and Visa Inc.
http://www.pcisecuritystandards.org
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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