iSignthis Ltd Stock Market Press Releases and Company Profile
EMA Launch and First Contracts
EMA Launch and First Contracts

Melbourne, June 4, 2018 AEST (ABN Newswire) - Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (googlechartASX:ISX) (googlechartTA8:FRA), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update.

E Money Accounts (EMA)

The Company is pleased to announce that it has launched a tailored business to business Euro (EUR) based transactional banking service, aimed at providing a service to its AML regulated merchant base and affiliate networks.

EMA represents a new revenue stream, which is independent of our payment processing services, but which may supplement payment services by Clients.

The EMA allows merchants to retain funds on deposit with iSignthis, and utilise those funds to make payments to 'suppliers' including affiliates, sub affiliates, marketing companies, advertising providers, utilities, service providers, personnel and government agencies.

'Suppliers' are AML screened by iSignthis, and a number of payout options are available including SWIFT, SEPA, and Original Credit Transaction to a Visa card.

The EMA has been designed to fill a niche requirement for Clients in the AML regulated sector businesses, in particular the small to mid-scale CFD, FX and Gaming industry, where retail banking facilities do not provide reasonable operating solutions.

Business Model

The business model is based upon iSignthis charging a percentage fee on all inflow of monies, and a fixed fee for outflow via SEPA and SWIFT. OCT is charged as a combination of fixed and percentage fee for payments outbound.

The Company's 'active' transactional banking solutions now include;

- processing of cards inbound for Visa and Mastercard

- processing of BPAY & EFT (direct debit) payments inbound

- a number of Alternative Payment methods such as PoliPayments, Trustly and Sofort.

- outbound OCT payments across the Visa network for MCC6211 (Brokers) and Visa & Mastercard for MCC7995 (Gaming/Wagering/Gambling)

- EMA deposit facilities with SWIFT, SEPA and OCT outbound facilities.

Client

The Company has already contracted two clients to the new facility, with a number of additional merchants under negotiation.

Clients are contracted in the range of 100bps to 450bps against fund inflows, dependent upon which other ISXPay(R) services are also contracted by the Client as a merchant, and overall deposit volumes.

EMA funds inflow is expected to be in the order of EUR2-5m/ month against current contracts.

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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

iSignthis Ltd
T: +61-3-8640-0990
F: +61-3-8640-0953
E: investors@isignthis.com
WWW: www.isignthis.com



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