Tradefinancial Transacting via ISXPay Australia
Melbourne, Oct 16, 2017 AEST (ABN Newswire) - Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (TA8:FRA), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to announce that it has completed integration of its services to Australian Securities and Investment Commission (ASIC) regulated Tradefinancial (http://www.tradefinancial.com.au).
- Australian CFD Trader, Tradefinancial, completes integration and is now transacting "live" with ISXPay(R) via Paydentity(TM) platform.
- ISXPay(R) providing payment processing, settlement and full payment facilitation services
- Tradefinancial will contribute revenue in the current quarter
As previously announced, iSignthis offers payment facilitation services in Australia (ISXPay(R)), via its integration with the National Australia Bank (ASX:NAB). The agreement with the NAB allows ISXPay(R) to offer full card acquiring payment facilitation services including processing, clearing and funds settlement to merchants, including Tradefinancial, of Visa and Mastercard transactions, in addition to BPAY payout facility to Australian cards. ISXPay(R) incorporates the Company's Paydentity(TM) technology, which provides identity verification (IDV) services in addition to our patented payment instrument verification (PIV) and strong customer authentication (SCA).
Tradefinancial is now processing live transactions via the ISXPay(R) service, and will contribute revenue in the current quarter. Services are progressively going live from today, commencing with payment facilitation. Paydentity(TM) services to be scaled in shortly.
Revenue contribution has been forecast on an aggregated basis based upon merchant provided data per the announcement dated 11th October 2017. Actual revenue and earnings will be reported on a sector, geographic and/or service stream basis. The Company has now contracted merchant customers for ISXPay(R) and Paydentity(TM) services across multiple sectors, including the trading/brokers, gaming, digital, fintech and retail sectors.
The Company's agreement with the NAB will be leveraged to provide card acquiring services for further Australian and New Zealand online merchants. The A/NZ acquiring services complement the Company's European Monetary Financial Institution e-Money license, its European partnership with Worldline (EPA:WLN) and the Company's own Principal Memberships of Visa Inc (NYSE:V), Mastercard Worldwide (NYSE:MA) and JCB International. Principal membership of card schemes allows the Company to independently offer both acquiring (i.e. fund processing & settlement) together with issuing of cards, including virtual, credit, debit & prepaid cards.
iSignthis continues to build strong relationships with AML/CFT regulated merchants, enabling them to meet the vast and complex compliance requirements of AML regulations in Australia, the USA and Europe via its Paydentity(TM) and ISXPay(R) services.
About TradeFInancial - http://www.tradefinancial.com.au/about-us
TradeFinancial has gained a reputation of a leading online trading provider, offering a full range of assets, trading styles and order executions. It is the goal of TradeFinancial to provide the safest, fastest, most enjoyable trading experience to our clients so that they can concentrate on making smart trades and earning potential profits. Our clients are our highest priority.
TradeFinancial has developed an advanced, dynamic and transparent trading platform, providing their traders with an outstanding investing experience that embraces the latest trading technologies, userfriendly interface, extensive educational materials, as well as safe and secured and regulated trading environment.
TradeFinancial commits to excellence in providing a trading platform that can be used by private and institutional investors worldwide to execute trades in the fastest and most efficient manner.
Tradefinancial.com.au is owned and operated by Ozifin Tech Pty Ltd registered under ABN 16 618 038 396. Ozifin Tech Pty Ltd is a Corporate Authorised Representative (AFS Rep# 001256645) of AGM Markets Pty Ltd (AFSL# 422662). Suite 502, 1 Queens Rd, Melbourne VIC 3004, Australia.
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.
National Australia Bank Limited