Inks Deal with Gobbill for Card Processing and eKYC
Melbourne, June 5, 2018 AEST (ABN Newswire) - Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (
ASX:ISX) (TA8:FRA), the world leading RegTech for identity verification and payment services, is pleased to announce that it has signed an agreement with an artificial intelligence (AI) fintech bill payment automation startup called Gobbill(TM). iSignthis is supporting innovative companies like Gobbill by providing global identity verification and payment solutions.
- Gobbill commences integration to process card transactions through iSXPay(R)
- Gobbill to utilise Paydentity(TM) for global digital identity verification and payment processing.
The partnership with iSignthis supports Gobbill's international expansion plans utilising their identity verification services and transactional banking facilities to clear payments.
"Partnering with iSignthis is a strategic and important milestone for Gobbill. It enables our customers to pay any bill for billers that do not accept card payments or various card schemes. To pay any bill using UnionPay or American Express is a significant offering, particularly for overseas Australian property investors and small businesses using Gobbill", stated Shendon Ewans, CEO and Co-founder of Gobbill.
John Karantzis, CEO of iSignthis said, "Gobbill represents an opportunity for iSignthis to support a prospective leader in bill payment automation, as well as for us to provide a means for them to expand outside of Australia, by providing facilities to them in Europe as they expand. Having witnessed Gobbill emerge over the last three years, we are delighted to be part of their future growth."
Gobbill will also have the ability to globally digitally identify customers to offer a convenient way of switching service providers using their One-Click-SwitchTM method. Utilising AI to automate research and comparisons of products, as well as interact with customers, will save them significant time and money.
About Gobbill Australia Pty Ltd
Gobbill(TM) is a digital finance assistant that automates bill payments using artificial intelligence for households and small businesses. Users are protected from online scams, avoid late fees, maximise discounts and protect their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.
After two years of R&D, the company launched its automated bill payment process for public use. It is now investing further R&D in AI to help customers easily switch service providers and save money using its One- Click-Switch(TM) method.
Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, insurance and more. Gobbill is a Microsoft Startup sponsored company, a partner of the Australian Government's cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk.
For further information, see gobbill.com.au or contact the team at: gobbill@gobbill.com.au
For media inquiries, contact Account Director, Laura Blue at: laura@launchlink.co
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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