Windsor Brokers Now Live on ISXPay
Nicosia, Feb 25, 2019 AEST (ABN Newswire) - iSignthis Ltd (
ASX:ISX) (TA8:FRA) ("The Company") is pleased to announce that Windsor Brokers Ltd, one of the most established Forex Brokers in Europe operating for more than 30 years, has now gone live on the ISXPay(R) unified platform, comprising Paydentity(TM) identity verification, card processing and acquiring, to Visa, Mastercard and JCB.
Highlights
- Windsor Brokers Ltd, a long-established EU Forex Broker, is now being processed via ISXPay's principal Tier 1 connections to Visa, Mastercard & JCB.
- Patented Paydentity(TM) platform enabled to verify Windsor Brokers' customers
The Company's wholly owned European neobank subsidiary, iSignthis eMoney Ltd ("ISXPay"), is now processing, clearing and settling funds for Windsor Brokers from the card schemes in multiple currencies, and includes a variety of alternative payment methods. Payments are processed under ISXPay's own Bank Institution Number (BIN), as a Principal member of the foregoing card schemes.
The Company's patented identity verification platform Paydentity(TM) is enabled and providing its Payment Instrument Verification (PIV) service to verify Windsor Brokers' customers.
The Paydentity(TM) platform has now onboarded and verified more than 1.5million persons, to the requirements of EU and Australian AML KYC regulations.
iSignthis Managing Director Mr. John Karantzis commented "We are delighted to be working with Windsor Brokers, and appreciate the confidence placed in us to deliver key payment and identity services. We are glad to see our portfolio of merchants growing and including trusted, tier 1 merchants in the FX Broker industry, as we work towards building a world-class business-focussed neobank".
Revenue from the Windsor Brokers partnership has commenced and will contribute in the current quarterly results.
About Windsor Brokers
Windsor Brokers is a leading group of companies offering investment services to its clients since 1988. With more than 30 years in operations, Windsor Brokers is facilitating investors access to the global markets. Its main services include Forex and CFD trading on gold, oil, soft commodities, share, indices and more. http://en.windsorbrokers.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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