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.’
