What ISX are talking about is the physical connections that route payment information between the servers in the payments network. They have direct tier 1 connections to VISA/Mastercard systems and for other card providers they will route payment traffic via Tier 2 providers such as the situation with Kobenhavns Andelkasse Bank announcement from the end of last year.
NAB payment facility agreement provided ISX with tier 2 physical connections to route payment traffic, and also provided bridging finance at a wholesale rate to cover the difference between paying merchants and receiving the funds from the card providers. While ISX and NAB have terminated the processing of of CFD’s, FX, Equities, Remittance and Binary traders sectors of the market (MCC6211 and 7995). There is still a question mark over the companies wholesale funding provided by NAB given they have withdrawn from this sector.
These announcements discuss capital requirements and the Wordline and NAB wholesale payment facilitation agreements and are well worth a read
https://www.asx.com.au/asxpdf/20171017/pdf/43n99njncvbbqs.pdf
https://www.asx.com.au/asxpdf/20171019/pdf/43nclgnhy2ch9d.pdf
Understanding the differences discussed above, there is no indication that any of the other tier 1 or tier 2 providers are going to provide wholesale funding to ISX, leaving one to question capital requirements moving forward as it affects the companies ability to transact higher volumes of card payments.
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Ann: ISXPay - Australian Card Processing Facilities, page-14
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