iSignthis Ltd (ASX:ISX) Bank Institution Codes and Scheme Participation

Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the deposit taking EEA authorised monetary financial institution with transactional banking capability (the "Company"), is pleased to announce that it is now a scheme member of the European Payments Council (EPC) Single Euro Payment Area (SEPA) Scheme. Participants in EU based schemes must first hold relevant regulatory authorisations, of which the Company holds an EEA Authorisation as a deposit taking eMoney Institution. The Company is in the process of an ADI class application with APRA for Australia.

The Company advises that it has been issued the following Bank Institution Codes (BIC):

- iSignthis eMoney Ltd (Cyprus) : ISEMCY22 > (SWIFT and EEA/EU SEPA Connected)

- iSignthis eMoney (AU) Pty Ltd : ISEPAU31 > (to be connected to SWIFT and Australian EFT via own BSB Code post BECS membership)

- iSignthis Ltd : ISIGAU31

BIC is an international standard for unique identification of financial institutions, and are used as the 'address' to route funds from one bank to another, in particular across borders. In Australia, these are usually associated with international transfers and are sometimes known as 'SWIFT Codes'. Per the Company's announcement earlier today, its ISEMCY22 BIC is now connected to the SEPA framework, allowing banks participating in SEPA to route payments to accounts held with iSignthis using the ISEMCY22 BIC as the address.

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Status of Various Card and Payment Schemes 
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Visa Inc         Australia : 
                 Principal Membership Applied 
                 Currently Tier 2 connected via NAB

                 Europe :  
                 Principal Membership Granted 
                 Tier 1 connection by December 2018

Mastercard       Australia : 
                 Principal Membership Granted 
                 Currently Tier 2 via NAB / Tier 1 by Mid 2019  

                 Europe : 
                 Principal Membership Granted 
                 Tier 1 connection by December 2018 

JCB              Australia :  
                 Principal Membership application in progress 
                 Currently Tier 2 via NAB / Tier 1 by Mid 2019 

                 Europe : 
                 Principal Membership Granted 
                 Tier 1 connection online and certified 

ChinaUnionPay    Australia : 
                 Principal Membership Applied  
                 Tier 3 Connection via partners 

                 Europe : 
                 Principal Membership Applied 
                 Tier 3 Connection via partners 

Diners/Discover  Australia : 
                 Principal Membership Applied 
                 No network connection at present 

                 Europe : 
                 Principal Membership in progress 
                 No network connection at present 

AMEX             Australia : 
                 Principal Membership Granted 
                 Currently Tier 2 via NAB / Tier 1 by early 2019 

                 Europe : 
                 Principal Membership in progress 
                 No network connection at present 

SEPA / BECS      Australia : 
                 BECS Membership application in progress  
                 Currently Tier 2 EFT & BPAY via NAB  
                 
                 Europe 
                 Scheme Participant 
                 Tier 1 connection by November 2018 

SWIFT            Australia : 
                 Participant / BIC Issued 
                 TBA 

                 Europe 
                 Participant / BIC Issued & connected 
                 Tier 1 connection by December 2018 
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About iSignthis Ltd

iSignthis Ltd 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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