Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX / DE: TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to announce that it has completed integration of its services to Australian Securities and Investment Commission (ASIC) regulated Tradefinancial (www.tradefinancial.com.au).

As previously announced, iSignthis offers payment facilitation services in Australia (ISXPay®), via its integration with the National Australia Bank (ASX: NAB). The agreement with the NAB allows ISXPay® to offer full card acquiring payment facilitation services including processing, clearing and funds settlement to merchants, including Tradefinancial, of Visa and Mastercard transactions, in addition to BPAY payout facility to Australian cards. ISXPay® incorporates the Company’s Paydentity™ technology, which provides identity verification (IDV) services in addition to our patented payment instrument verification (PIV) and strong customer authentication (SCA).

Tradefinancial is now processing live transactions via the ISXPay® service, and will contribute revenue in the current quarter. Services are progressively going live from today, commencing with payment facilitation. Paydentity™ services to be scaled in shortly.

Revenue contribution has been forecast on an aggregated basis based upon merchant provided data per the announcement dated 11th October 2017. Actual revenue and earnings will be reported on a sector, geographic and/or service stream basis. The Company has now contracted merchant customers for ISXPay® and Paydentity™ services across multiple sectors, including the trading/brokers, gaming, digital, fintech and retail sectors. 

The Company’s agreement with the NAB will be leveraged to provide card acquiring services for further Australian and New Zealand online merchants. The A/NZ acquiring services complement the Company’s European Monetary Financial Institution e-Money license, its European partnership with Worldline (FR: WLN) and the Company’s own Principal Memberships of Visa Inc (NYSE: V), Mastercard Worldwide (NYSE: MA) and JCB International. Principal membership of card schemes allows the Company to independently offer both acquiring (i.e. fund processing & settlement) together with issuing of cards, including virtual, credit, debit & prepaid cards. 

iSignthis continues to build strong relationships with AML/CFT regulated merchants, enabling them to meet the vast and complex compliance requirements of AML regulations in Australia, the USA and Europe via its Paydentity™ and ISXPay® services.