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iSignthis to Provide Ixaris with Digital KYC Service to Verify UBOs
iSignthis to Provide Ixaris with Digital KYC Service to Verify UBOs

Melbourne, Aug 1, 2016 AEST (ABN Newswire) - iSignthis Ltd (googlechartASX:ISX) is pleased to announce that it has entered into an agreement with the global payments expert, Ixaris. Ixaris is one of the world's most flexible and extensible payment technologies, providing businesses with perfect fit payment solutions.

Highlights:

- iSignthis executes agreement with the global payments platform, Ixaris.

- iSignthis Digital KYC service to be integrated with Ixaris within the next 8 weeks.

iSignthis will integrate its Digital Know Your Customer (KYC) service in the coming months to provide Ixaris with remote identity verification and compliance to the EU's 4th AML Directive, which takes effect in 2017.

Anti-Money Laundering (AML) regulations require not only the end consumer to be identified, but also the directors, ultimate beneficial owners (UBOs) and key controllers of entities that act in the delivery chain of AML regulated services. Typically, partners will have their directors and key controllers identified by use of publicly available information, with specialist providers often used to identify UBOs. Whilst these providers can identify the UBOs, they are often unable to verify the identity of the UBOs.

Ixaris has contracted with iSignthis for the provision of identity verification services of directors, UBOs and key controllers associated with its partners with a fee payable to iSignthis for each identity verified. The verification of customers being issued with Ixaris cards is not within the current scope of the agreement.

Ixaris Head of Compliance, Charlotte Roberts commented "We're pleased to have entered into this agreement and look forward to working with iSignthis for identity verification. Through integration with iSignthis, we expect to be able to streamline and accelerate our onboarding process.

About Ixaris

Our passion is giving our clients the agility to adapt to new and evolving markets. Key to this is our technology and expertise, letting us rapidly and cost-effectively deliver solutions that perfectly fit your business and your target markets. Affordable, flexible and easy to configure, our solutions make your payments platform as efficient and profitable as possible - now and in the future. Read more about the company at their website http://www.ixaris.com.

About iSignthis Ltd

iSignthis LtdiSignthis 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.

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Contact

Todd Richards
Company Secretary
T: +61-3-8640-0990
E: investors@isignthis.com
www.isignthis.com



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