Mastercard Principal Membership
Melbourne, July 31, 2017 AEST (ABN Newswire) - Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (
ASX:ISX) (TA8:FRA) is pleased to announce that its subsidiary iSignthis eMoney Ltd ("ISXPay"), is now a Principal Member of Mastercard Worldwide (see Note below).
Headlines:
- iSignthis eMoney Ltd, a subsidiary of the leading RegTech payment and identity verification provider iSignthis Ltd, is now a Principal Member of Mastercard Worldwide, one of the major card schemes.
- Major card scheme principal membership compliments Paydentity RegTech offerings
This agreement further bolsters the Company's product offerings and payment capabilities. Principal Membership allows iSignthis eMoney Ltd direct access to card acquiring, card issuing and other specialized products, including Mastercard API's.
iSignthis eMoney Ltd ("ISXPay") 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(TM) service, including identity verification, authentication together with the strength and assurance of the Worldline (EPA:WLN) card acquiring services delivered via ISXPay, in addition to the full range of Mastercard products as soon as they are available.
ISXPay services include JCB card acceptance, and alternative payment methods such as Yeepay, Sofort and others within Europe. iSignthis will also offer its Australian and New Zealand ISXPay card acquiring services to its multinational merchants via its agreement with the National Australian Bank (ASX:NAB).
Note:
http://www.mastercard.com/how_to_guide/introduction.html
http://www.mastercard.com/global/index.html?Country=Cyprus
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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