Borrowed from the DT Thread: any relevance for SMA?
iSignthis partners with IPGPAY Limited in Asia
Pacific
Highlights:
• iSignthis online identity verification services to be accessible to all IPGPAY clients in Asia
Pacific.
• Integration and ‘go live’ of services planned for July 2015.
iSignthis Ltd [ASX : ISX] is pleased to announce that it has entered into an agreement with Hong
Kong based online payment gateway service provider, IPGPAY Limited (“IPGPAY”).
iSignthis and IPGPAY will integrate the ISX cloud based electronic Know Your Customer (e-KYC)
remote identity service and Strong Customer Authentication (SCA) by early July 2015.
Under the agreement, iSignthis e-KYC and SCA will be made available to merchants whose
payments are processed by IPGPAY, and may be utilised to onboard natural persons to meet
customer due diligence compliance for Anti Money Laundering (AML) regulations.
SCA will be made available across the IPGPAY payment network, in order to secure payment
transactions for merchants and mitigate payment fraud.
IPGPAY competitive advantages will be augmented by the integration of iSignthis services with
the full IPGPAY service offering from the merchant website integration through to multi currency
acquirers
The service is targeted at AML regulated eMerchants, airlines, and online travel agencies
amongst other merchant categories, located in Asia Pacific. IPGPAY is able to facilitate payment
solutions across the region including Visa, MasterCard, American Express, China UnionPay as well
as a number of local alternate payment solutions.
Alan Conder, Executive Director of IPGPAY Limited said “IPGPAY is proud to be partnering with
iSignthis to offer its suite of identification verifications services to our customers in Asia Pacific.
We believe the iSignthis products will be particularly well received by a number of key market
verticals including airlines, online travel services, online money transfers and any merchant
looking for certainty as to their customers identify and standing. We also see the iSignthis
solution as being a powerful value add that will help manage risk and reduce fraud from our
acquirers perspective.”
John Karantzis, Managing Director of iSignthis Ltd said “We are delighted to be working with
IPGPAY in Asia Pacific, and look forward to providing advanced anti fraud, customer identity and
payment authentication services in the region. IPGPAY as a channel partner significantly extends
the iSignthis reach to prospective customers, and strengthens the customer proposition of both
parties”.
SMA Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
