- iSignthis executes an agreement to provide full card acquiring and settlement services to Merchant customers, in Australia and New Zealand
- The agreement creates a stronger relationship with our customers and additional revenue streams for iSignthis
The agreement with National Australia Bank (ASX:NAB) enables iSignthis to use card acquiring services together with its identity, payment processing and authentication solutions. NAB will act as the Acquirer for transactions processed by iSignthis on behalf of our merchant customers, with both parties taking a share of the merchant fee.
iSignthis offers a full end to end solution for merchant customers including payment gateway, card vaulting, tokenization services, strong customer authentication, customer due diligence/KYC and, with this agreement, card acquiring and settlement services for Australia and New Zealand.
Managing Director, John Karantzis said "This agreement allows us to offer paydentity integrated with card acquiring/settlement services for our merchant customers in Australia and New Zealand. Specifically, our customers and prospective customers in FX, securities, wagering and gaming, will now have the option of a full service provider, from a single integration. This agreement compliments the upcoming card acquiring and settlement services to be launched shortly by ISX Pay for the European Union SEPA zone."
Card acquiring services are charged as a flat fee plus a percentage of the transaction sales amount. The iSignthis Gateway, Card Vaulting, Strong Customer Authentication and identity/KYC services are charged in addition, on an as used / per unit basis.
The service is expected to be available to merchants from early December 2016, following integration between the parties.
About iSignthis Ltd
iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global leader in remote identity verification, payment authentication and payment processing to meet AML/CFT requirements. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment 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 3.5Bn 'bank verified' card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.
iSignthis Paydentity 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, trading as ISXPay(R), is an EEA authorised eMoney Institution, offering card acquiring in the EEA, Australia and New Zealand.
National Australia Bank Limited