Melbourne, Australia, June 16, 2015 - (ABN Newswire) - iSignthis Ltd (ASX:ISX.AX - News) is pleased to announce that it has entered into an agreement with Hong Kong based online payment gateway service provider, IPGPAY Limited ("IPGPAY").
iSignthis and IPGPAY will integrate the ISX cloud based electronic Know Your Customer (e-KYC) remote identity service and Strong Customer Authentication (SCA) by early July 2015.
Under the agreement, iSignthis e-KYC and SCA will be made available to merchants whose payments are processed by IPGPAY, and may be utilised to onboard natural persons to meet customer due diligence compliance for Anti Money Laundering (AML) regulations.
SCA will be made available across the IPGPAY payment network, in order to secure payment transactions for merchants and mitigate payment fraud.
IPGPAY competitive advantages will be augmented by the integration of iSignthis services with the full IPGPAY service offering from the merchant website integration through to multi currency acquirers
The service is targeted at AML regulated eMerchants, airlines, and online travel agencies amongst other merchant categories, located in Asia Pacific. IPGPAY is able to facilitate payment solutions across the region including Visa, MasterCard, American Express, China UnionPay as well as a number of local alternate payment solutions.
Alan Conder, Executive Director of IPGPAY Limited said "IPGPAY is proud to be partnering with iSignthis to offer its suite of identification verifications services to our customers in Asia Pacific.
We believe the iSignthis products will be particularly well received by a number of key market verticals including airlines, online travel services, online money transfers and any merchant looking for certainty as to their customers identify and standing. We also see the iSignthis solution as being a powerful value add that will help manage risk and reduce fraud from our acquirers perspective."
John Karantzis, Managing Director of iSignthis Ltd said "We are delighted to be working with IPGPAY in Asia Pacific, and look forward to providing advanced anti fraud, customer identity and payment authentication services in the region. IPGPAY as a channel partner significantly extends the iSignthis reach to prospective customers, and strengthens the customer proposition of both parties".
About IPGPAY Limited
IPG Holdings Limited (IPG) entered the online payments and e-commerce market in 1997 with the vision of becoming a global force in the delivery of full-service, state-of-the-art payment gateway solutions. In 2010, with IPG already represented in Europe, North America and Australia, IPG International Limited was established in Hong Kong to develop tailored e-commerce solutions for the Asia-Pacific region.
IPGPAY Limited was established in early 2012 as a direct-to-merchant solutions provider using the IPG gateway technology. Our Hong Kong-based team of experts is committed to providing our merchants with high-quality support to ensure the success of your online business.
IPGPAY has offices in Hong Kong, Singapore and Sydney.
About iSignthis Ltd:
iSignthis Ltd (ASX:ISX.AX - News) provides a combined, fully automated, global and remote evidence of identity *and* transaction authentication solution, assisting clients in adhering to global AML/CTF KYC and payment regulations. Our reach extends to over 200 countries and more than 3Bn persons, coinciding with persons who have access to the internet and e-payment facilities.
Evidence of identity is generated on a dynamic basis, linking payment transaction parameters to payment instrument and multi factor authentication, in turn creating and verifying a complete e-KYC profile. We rely upon and use the customer's financial identity created by their account issuing institution. Our process can be completed in minutes, and features extremely high security entropy as a result of dynamically generating identity from active e-payment instruments.
iSignthis' patented solution assists regulated entities in satisfying the requirements of:
- Anti Money Laundering (AML) / Counter Terrorism Funding (CTF)
- Patriot Act / Bank Secrecy Act
- Security of Internet Payments 'SecuRE Pay' per ECB and European Banking Authority
- EC's proposed Payment Services Directive 2 (PSD2)
- European eIDAS regulations
Our service validates and verifies key identity attributes, and incorporates PEP and Sanction screening from US, UK, EU, UN, CA and Australian official sources.
Our target customers include regulated entities such as banks, financial institutions, credit institutions, Payment Service Providers (PSPs), online gaming/wagering operators, stock/commodity/FX brokers, eWallets, mobile wallets and cryptocurrency exchanges.
iSignthis Ltd T: +61-3-8640-0990 F: +61-3-8640-0953 E: firstname.lastname@example.org WWW: www.isignthis.com
Copyright (C) 2015 ABN Newswire. All rights reserved.