hmm..this doesnt look good..
Visa had advised ISX by letter dated 6 March 2020 of its decision to suspend ISX’s participation effective
immediately. The letter states:
‘The above-mentioned anomalies and issues, taken collectively, raise serious concerns about
whether IsignThis is operating appropriate programs to manage AML and Risk. Therefore, in
accordance with the Visa Rules, and to safeguard Visa's global payment system from the excessive
level of risk presented by the IsignThis relationship, Visa has decided to suspend IsignThis' Bank
Identification Numbers (BINs) in Europe and Australia, and its activities as a registered third party
for any other Visa members or clients, effective immediately. This suspension will remain in place
until such time as the required further information (as set out below) is provided by IsignThis on its
AML and Risk programs, to the satisfaction of Visa.’
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- Ann: ASX Query Letters re ISX suspension & termination by Visa
Ann: ASX Query Letters re ISX suspension & termination by Visa, page-2
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