Ann: iSignthis to offer advanced card services-ISX.AX, page-2

iSignthis to offer advanced card services
Highlights:
• iSignthis executes an agreement to provide full card acquiring and
settlement services to Merchant customers, in Australia and New
Zealand
• The agreement creates a stronger relationship with our customers
and additional revenue streams for iSignthis

Melbourne, 8th August 2016 - iSignthis Ltd (ASX : ISX) is pleased to announce
that it has entered into a Payment Facilitator Program Services Agreement.
The agreement with National Australia Bank (ASX: NAB) enables iSignthis to use
card acquiring services together with its identity, payment processing and
authentication solutions. NAB will act as the Acquirer for transactions processed
by iSignthis on behalf of our merchant customers, with both parties taking a
share of the merchant fee.
iSignthis offers a full end to end solution for merchant customers including
payment gateway, card vaulting, tokenization services, strong customer
authentication, customer due diligence/KYC and, with this agreement, card
acquiring and settlement services for Australia and New Zealand.
Managing Director, John Karantzis said “This agreement allows us to offer
paydentity integrated with card acquiring/settlement services for our merchant
customers in Australia and New Zealand. Specifically, our customers and
prospective customers in FX, securities, wagering and gaming, will now have the
option of a full service provider, from a single integration. This agreement
compliments the upcoming card acquiring and settlement services to be
launched shortly by ISX Pay for the European Union SEPA zone.”
Card acquiring services are charged as a flat fee plus a percentage of the
transaction sales amount. The iSignthis Gateway, Card Vaulting, Strong Customer
Authentication and identity/KYC services are charged in addition, on an as used /
per unit basis.
The service is expected to be available to merchants from early December 2016,
following integration between the parties.