Ann: iSignthis Patents - Expanded Intellectual Property Portfolio, page-13

Hi Hotmix,
I would be keen to get your opinion on this as you are one of the most knowledgeable guys on the forum.

AMLD4
Isignthis & Paypal are the only 2 companies that hold patents and provide services for dynamic payment instrument verification which is a requirement of AMLD4 for online transactions. Is this your understanding?

PSD2
Isignthis & Paypal are the only 2 companies that hold patents and provide services for dynamic payment instrument verification which is used to facilitate SCA through 2FA.

Step one is pin number
Step two is verification of payment instrument

My understanding is that there is unlikely to be any other methods available to verify regulated payment instrument other than the Isignthis and PayPal methods. Is this your understanding?

Does this then only leave other reg techs the use of biometric characteristics to satisfy PSD2?

In my mind when we are talking biometric characteristics we are talking fingerprints, facial recognition, DNA etc. I don't see how companies could come by this information without going through a KYC event and then having the biometric characteristics recorded to a database. This is surely decades away?

Anyway I would be keen to hear your thoughts and comments. Maybe I have it all wrong.

All my opinion. DYOR.