ISX is in the business of identifying verification and payment authentication services. With online payments fraud being a huge problem the European Commission has put changes in motion and developed a set of directives on the payments industry, which culminated in April 2014 with the European Parliament voting to adopt a set of directives which became knows as PSD 2 (Payments Services Directive 2)
Importantly, the European Banking Authority (EBA) is aiming for August 1 2015 for payments service providers to implement the new plans for strong authentication. The EU payments market is over 150 billion per annum currently
This is where ISX fits in the picture, along with Paypal it is the only other company that meets the PSD 2 requirements, and its technology is patented worldwide. It is not a ripoff of paypal, it is legit and recognised.
Paypal runs a 25% operating margin and is valued around 40 billion. If ISX captures just 10% of the market, the gains would be astounding
ISX Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held