Poli Payments Integration with Paydentity
- 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 the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment 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 regulated merchants in as little as 3 to 5 minutes.
iSignthis Paydentity 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' and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard International and JCB International.
Read more about the company at our website http://www.isignthis.com