IronFX to Integrate iSignthis Paydentity
Melbourne, Oct 31, 2016 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) is pleased to announce that it has entered into an agreement with the global leaders in online trading, IronFX. iSignthis will be providing IronFX with its full range of Paydentity services, including Digital KYC, Strong Customer Authentication, Fraud Prevention, Payment Gateway and Card Tokenisation. The service is set to go live in the next 3 months.
Highlights:
- iSignthis to remotely verify IronFX customers
- IronFX to meet the EU's 4th AML Directive and PSD2 via iSignthis
The award winning IronFX have 10 trading platforms and over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities. With more than 8 offices worldwide, IronFX operate in over 180 countries throughout Europe, Asia, the Middle East, Africa and Latin America.
The iSignthis system will enhance the current IronFX system by providing a complete identity and payments solution in one package. The service will open new markets with a global reach of any of the worlds 3.5Bn bank verified card and bank account holders. The Paydentity solution will increase IronFX user experience with automated on-boarding of paid customers in as little as 3 to 5 minutes, with the option of Card Tokenistion to store card details for future transactions.
IronFX will be able to authenticate all online transactions via iSignthis with the additional features of transaction monitoring, threshold management and advance reporting. iSignthis will also provide IronFX with compliance to the EU's 4th Anti-Money Laundering Directive and Payment Service Directive 2.
About IronFX
IronFX is the award-winning Global Leader in Online Trading. With 10 trading platforms, over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities, IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. With over 8 offices worldwide, providing support in over 45 different languages, IronFX clients can benefit from round-the-clock coverage delivered by one of the world's largest and most accomplished global client coverage teams. The IronFX customer-centric model combines bespoke trading functionality through its platforms with the widest suite of products to offer the best pricing, execution and liquidity.
Read more about the company at their website http://www.ironfx.com/en.
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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