iSignthis to offer advanced card services 

iSignthis logo

Highlights:

  • 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 

iSignthis Ltd (ASX : ISX) is pleased to announce that it has entered into a Payment Facilitator Program Services Agreement.

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.

iSignthis Ltd (ASX : ISX)
456 Victoria Parade
East Melbourne, Victoria, 3002, Australia
+61 3 8640 0990
Todd Richards: Company Secretary
Email: investors@isignthis.com

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