iSignthis enters agreement with Calforex and GoInterpay
Calforex Chooses Paydentity Digital KYC Service
Melbourne, Feb 14, 2017 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) is pleased to announce that it has entered into an agreement with foreign exchange business, Calforex and sister company GoInterpay.
Highlights:
- iSignthis to provide services to complement and support existing Calforex KYC procedures.
- The patented Paydentity service will assist in meeting AML requirements for the North American customer base whilst also providing an opportunity for global expansion.
- Subsidiary company GoInterpay to integrate and utilise iSignthis for identification of UBO's, key controllers and Directors.
- Service to go live in AU 4QFY17.
iSignthis will provide Calforex and GoInterpay with their Digital KYC (Know Your Customer) enhanced due diligence solution. Calforex will be utlising the iSignthis Digital KYC solution to support existing processes and verify the identity of end users using their platform. The iSignthis service will allow GoInterpay to verify the identity of key controllers, ultimate beneficial owners (UBOs) and directors in the business. The service is set to go live in the 4th quarter of the 2017 Australian financial year.
Calforex provides foreign exchange cash, bank note, wire, and EFT services to individuals, financial institutions, importer/exporters, and law firms in Canada. GoInterpay is a global payments provider built solely for retailers.
Together Calforex and its subsidiary GoInterpay, have over 500,000 end users, key controllers, UBOs and directors. As Calforex and GoInterpay continue their growth and expansion, new end users, key controllers, UBOs and directors will need to be subject to KYC.
The iSignthis Digital KYC service will allow Calforex to extend their reach with the opportunity to on-board to an enhanced due diligence leavel any of the world's 3.5Bn financially included persons.
Calforex is a trading name of Calgary Foreign Exchange Ltd, which is registered as a Money Service Business (MSB) in Canada.
About Calforex
Founded in 1983, Calgary Foreign Exchange Ltd., doing business as Calforex, provides foreign exchange cash, bank note, wire, and EFT services to individuals, financial institutions, importer/exporters, and law firms in Canada. It offers private client and corporate currency exchange services, including bank notes, wholesale bank notes, foreign bank drafts, purchase USD bank drafts, outgoing bank transfers to the United States, outgoing wire transfers, incoming wire transfers, travelers' cheques, buy back programs, maple leaf gold/silver coins, immigration/emigration, hedging, and travel services.
Read more about the company here: http://www.calforex.com
About GoInterpay
GoInterpay leverages the strength of Calforex in the currency market and their experienced payments team to deliver unparalleled service in the international payments market. Boasting an impressive list of local payment options throughout the world and unbeatable savings on currency conversion for merchants located all over the world GoInterpay is truly a force in the PSP landscape. GoInterpay offers merchant account, risk management, and currency/settlement services to merchants located all over the world.
Read more about the company here: http://gointerpay.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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