iSignthis Ltd (ASX: ISX) and its partner Worldline (EPA: WLN) have launched the full Paydentity product suite, delivered via ISXPay, throughout Europe.
Paydentity combines payment authentication with enhanced due diligence and customer knowledge to verify a person’s identity and link it to an electronic payment. According to iSignthis, this ability satisfies multiple regulations including anti-money laundering and counters the financing of terrorism.
Meanwhile, as one of Europe’s largest payment service providers, Worldline’s secure data centres and capabilities means it can process billions of electronic transactions a year.
iSignthis and Worldline’s services and capabilities will deliver Paydentity via iSignthis’s ISXPay product.
The Paydentity suite provides customer due diligence, identity verification, payment acceptance and authentication, transaction monitoring and original credit transfers. This will be combined with Worldline’s Visa and Mastercard acquiring, settlement and clearing services, which are faster and have a broader reach and enable iSignthis to offer “surety” to the region’s largest merchants.
Merchants can contract to the ISXPay service and will have immediate access to Paydentity.
ISignthis is offering the combined service in Europe via its wholly-owned European subsidiary eMoney, which has requisite licences to contract merchants and offer them Paydentity.
The company has a pipeline of merchants to target and will be approaching them with the intent of engaging them as soon as possible.
iSignthis’s ISXPay offers merchants a range of processing services for card transactions and alternate payment methods.
Via its card acquiring service, ISXPay gives merchants the ability to accept multiple credit cards and alternate payment methods across numerous currencies.
The payment gateway gives merchants the ability to monitor online transactions in real time, while card tokenisation enables secure storage of customer card details for recurring payments.
Meanwhile, Paydentity assists multiple sectors and businesses in abiding with regulations including financial institutions, banks, securities and equities, gaming and betting houses, money services businesses, insurance, real estate, digital currency platforms, eWallets and Fintech and other obligated businesses.
Shares in iSignthis were unchanged at A$0.16 in early morning trade.