Omnislots by Dialinvest N.V. enters Paydentity contract for KYC
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
iSignthis Ltd (ASX : ISX | DE : TA8), 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 Curaçao under the gaming license number 8048/JAZ. Dialinvest specialises in online slots and has over 1000 slots in their game portfolio.
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 (ASX : ISX | DE : TA8)
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX | DE : TA8) is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity™ and ISXPay® 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 3.5Bn ‘bank verified’ card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.
iSignthis Paydentity 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’ and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay®, and are an EEA authorised eMoney Monetary Financial Institution (SWIFT BIC : ISEMCY21), offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Mastercard Worldwide and JCB International.
Read more about the company at our website www.isignthis.com.
For more information, please contact:
iSignthis Ltd (ASX : ISX) Media: contact@isignthis.com
Investor Relations, Chris Northwood, Activ8Capital,
+61458 809 177, cnorthwood@activ8capital.com.au
