Poli Payments Integration with Paydentity
Melbourne, Dec 15, 2017 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) (TA8:FRA), the world leading RegTech for identity verification and payment services, is pleased to announce that the Poli Payments service (www.polipayments.com) is now integrated with the ISXPay(R) and Paydentity(TM) platforms.
Highlights:
- Poli Payments now available via ISXPay(R)
- Poli also integrated with Paydentity(TM) to deliver automated KYC
- Poli will contribute to revenue via MSF % & Paydentity fees
Poli Payments provides consumers with an alternative payment method to make "instant" payment to merchants instead of using cards.
Poli Payments can be used to transfer funds from popular Australian and New Zealand Banks, including Bank of Melbourne, BOQ, BankSA, Bankwest, Bendigo Bank, Citibank, Commonwealth Bank, IMB Building Society, ME Bank, NAB, Newcastle Permanent, St. George Bank, Suncorp, Westpac, ASB, BankDirect, Bank of New Zealand, Kiwibank & TSB Bank.
ISXPay(R) will receive funds transferred by the consumer from any of the above banks, and will settle funds with its merchants directly. ISXPay(R) will charge a percentage based Merchant Services Fee (MSF) on the transaction value, plus a flat transaction fee for the service.
As a value added service, iSignthis(R) has incorporated its own unique Paydentity(TM) service to Poli Payments specifically for the high risk industries, including AML regulated sectors such as gaming, gambling, CFD's, Binaries, Securities, FX, foreign exchange and MSB's.
Paydentity(TM) integrated with Poli provides automated customer due diligence of end consumers, allowing AML/CFT regulated merchants to automatically onboard their customers.
ISXPay(R) and Paydentity(TM) are both also integrated with the Sofort payment method (www.sofort.com), providing a similar service for consumers wishing to pay merchants via EU banks.
These services are now live, with first merchants expected to be onboarded to Poli Payments before or just after the New Year, contributing immediately to revenue.
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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