iSignthis Ltd Stock Market Press Releases and Company Profile
Omnislots by Dialinvest Enters Paydentity Contract for KYC
Omnislots by Dialinvest Enters Paydentity Contract for KYC

Melbourne, Oct 25, 2017 AEST (ABN Newswire) - iSignthis Ltd (googlechartASX:ISX) (googlechartTA8:FRA), the world leading RegTech for identity verification and payment services, is pleased to announce that it has contracted and commenced the integration of its services with Dialinvest International N.V. which is incorporated, licensed and regulated by the Government of Curacao under the gaming license number 8048/JAZ. Dialinvest specialises in online slots and has over 1000 slots in their game portfolio.

Highlights:

- Dialinvest operates a number of sites, including Omnislots

- Paydentity will be enabled to verify Dialinvest customers

- Dialinvest will be able to meet AML requirements via Paydentity

- Revenue from Dialinvest to contribute to the current quarter

Dialinvest has operated online casino sites since 2003, and has over 200,000 registered players across its sites, including www.omnislots.com

iSignthis will shortly be providing Dialinvest with its full range of Paydentity services, including Digital KYC, Strong Customer Authentication, Fraud Prevention, Payment Gateway and Card Tokenisation.

The Company's contracted services include identity verification, transaction processing & monitoring, and routing of payments to their Curacao authorised acquiring institutions. Under the terms of the agreement, the Company has now received an advance against Paydentity services to be provided.

Robert Peters, Managing Director of Dialinvest, said, "We are very happy that with iSignthis we found a solid partner who helps us to be ready for the rising demands in AML and player verification. We are certain that Paydentity will increase user satisfaction and security on our platforms with their software."

iSignthis Managing Director Mr. N.J. (John) Karantzis commented "We are pleased to see online casino customers integrating to our service platform and, very shortly will be processing 'live' transactions via the Paydentity system. This demonstrates the additional adoption and increases the revenue generation across a number of accounts and business sectors. We are delighted to be working with Dialinvest, and look forward to delivering key backoffice compliance services."

Reporting Note: The Company at present does not have any information available in regards to processing volumes and revenues that may be generated. It will however provide historical reporting at the end of each quarter by sector in order to give as much detail as possible. The Company will not report on a merchant by merchant basis at any time.



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.

https://twitter.com/iSignthis_Ltd https://www.facebook.com/iSignthis https://www.youtube.com/c/iSignthisLtd https://www.linkedin.com/company/isignthis-ltd abnnewswire.com 


Contact

Media: contact@isignthis.com

Investor Relations
Chris Northwood
Activ8Capital
T: +61-458-809-177
E: cnorthwood@activ8capital.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 7) (Last 30 Days: 24) (Since Published: 3043)