Melbourne, Australia, May 10, 2017 - (ABN Newswire) - iSignthis Ltd (ASX:ISX.AX - News) ['the Company'] is pleased to announce that it has entered into an agreement with Pepperstone Group Limited, for Paydentity and Payment Gateway services, for the group's UK and Australian operations
- Pepperstone is #1 in Australia for Client Satisfaction, Customer Service, Value for Money (See note 1).
- ISX to supply Paydentity and Payment gateway for UK and Australia .
The Company will announce integration and go live dates once they have been agreed with Pepperstone.
Paydentity(TM) is the world's most advanced automated identity and payments platform, incorporating real time remote verification of end users domiciled in any FATF, MONEYVAL or equivalent low risk jurisdiction, leveraging verification of 'bank verified' payment instruments to establish identity. The Paydentity(TM) platform allows our merchants to on-board their customers at a much faster rate, whilst also increasing their overall customer reach.
The iSignthis(R) solution incorporates cascading KYC, which supplements UK residents data supplied from credit reference agencies, electoral roll and government public access data, with Paydentity(TM) data. This approach minimises customer friction for UK residents, by augmenting partial "1+1 matches" and "no match" customers with Paydentity data, to deliver enhanced due diligence to satisfy the JMLSG and 4AMLD.
For customers domiciled in the rest of Europe or elsewhere in the world, where independent and reliable databases such as those found in the UK and Australia are limited, Paydentity(TM) provides our merchants with global reach and access to over 3.5Bn 'bank verified' potential customers, optimising customer on-boarding and conversions with marketing campaigns.
ISXPay(R) provides a full range of gateway, risk management, risk avoidance and processing services for card transactions and alternative payment methods. ISXPay offers card acquiring, as well as routing and transaction processing to third party acquirers, via our cloud based, elastically scalable, PCI DSS Level 1 certified Payment Gateway.
In order to preserve our customer's confidentiality, transactional volumes and values will not at any time be released on a per customer/merchant basis, and will only be released by sector aggregate crossed reported by product. (eg FX, eWallets, PSP, Gaming sector broken down by service I to IV above). Several already contracted FX/Trading sector clients are anticipated to be on-boarded to the Paydentity(TM) platform this financial quarter Q4-2017, with 'ramp up' to full volumes within 2-3 months of each merchant commencing with ISX services.
Quarterly Detailed reporting by segment and product will be provided once transaction volume increases and value can be attained by providing transactional reporting.
About Pepperstone Group Ltd
Pepperstone Group is an execution-only forex and CFD broker that provides trading solutions sophisticated enough for veteran traders, yet simple enough for the forex novice.
Pepperstone assists retail and institutional investors in using forex and other instruments as an asset class and part of their investment objectives. Pepperstone offers direct access to multiple destinations of liquidity in the forex markets without the usual burdens of a dealing desk which had previously been unavailable to the retail investor.
Read more about the company at our website:
Note 1: By own client satisfaction ratings as researched by Investment Trends November 16 FX Report
About iSignthis Ltd:
iSignthis Ltd (ASX:ISX.AX - News) is the global leader in dynamic, digital AML/CTF KYC identity proofing. Our Paydentity solution incorporates real time electronic verification to converge remote payment authentication, electronic data sources, advanced KYC identification techniques, to deliver KYC as an outcome. Our platform provides automated customer on-boarding, reaching any of the world's 3.5Bn 'bank verified' persons, whilst being device, location and major payment method agnostic.
iSignthis' unique solutions protect online customers whilst assisting merchants with compliance, CNP chargeback reversal, and AML transaction monitoring leading to increased confidence in cross border transactions. We offer identity verification, data security and authentication solutions for the EU's 4AMLD, PDS2, eIDAS, in addition to US Patriot & Bank Secrecy Act, and AML/CFT for FATF, MONEYVAL and other key regional group regulatory requirements.
ISXPay is authorised by the CBC as an EEA Monetary Financial Institution under an eMoney Institution license, and in Australia and New Zealand is a payment facilitator partner of the National Australia Bank (ASX:NAB.AX - News).
Read more about the company at our website www.isignthis.com.
Todd Richards Company Secretary T: +61-3-8640-0990 E: email@example.com
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