Worldline & iSignthis launch Paydentity Services across Europe
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd, is pleased to announce that its subsidiary iSignthis eMoney Ltd (“ISXPay”) has completed technical integration with Worldline, allowing the parties to commence their partnership announced in July 2017.
Worldline, a Euronext listed (EPA: WLN), multi-billion market capitalization company has over 45 years of experience in the industry and is Europe’s leading payment and transactional payment service provider. Worldline is able to process billions of electronic transactions per year with their strong industrial processing capabilities and highly secure data centers.
European eCommerce merchants, including FinTech firms and qualified cryptocurrency exchanges, will now have access to an exciting new service that combines the RegTech capabilities of iSignthis, with the acquiring capabilities and expertise of Worldline, to be contracted and delivered via ISXPay.
Merchant’s contracting directly to the ISXPay service via iSignthis will have access to the full Paydentity™ suite of AML/CFT compliance services. Paydentity™ services include customer due diligence, identity verification, payment acceptation and authentication solutions, transaction monitoring, and original credit transfers (OCT), coupled with the Worldline Visa and Mastercard acquiring, settlement and clearing services.
Paydentity™ addresses the critical aspects of due diligence, monitoring and authentication requirements of the 4th Anti Money Laundering Directive (4AMLD) and Payment Services Directive 2 (PSD2), and is currently being deployed to major FinTech services companies and ecommerce merchants in Europe. The Worldline agreement allows for a faster and more expansive go to market strategy, and allows iSignthis to leverage the balance sheet, cash settlement and clearing capabilities of Worldline to provide surety to even the largest merchants.
iSignthis eMoney Ltd (“ISXPay”) will be operating under its own eMoney Monetary Financial Institution license to directly contract European merchants. It will offer merchants the end to end Paydentity™ service, including identity verification, authentication together with the strength and assurance of the Worldline card acquiring services delivered via ISXPay. ISXPay services include JCB card acceptance, and alternative payment methods within Europe and Australia, for Fintech and cryptocurrency exchanges.
iSignthis will now move to contract its pipeline of prospective EEA merchants, and seek to onboard them as quickly as possible. The ISXPay® Paydentity™ product offering allows merchants in the high risk categories to take advantage across the two key continents of Europe and Australia, the world’s leading identity verification, customer due diligence, and payments platform, via a single integration.