Paypal uses their technology to offer "payment as a service".
ISX uses theirs to offer "identity as a service."
ISX is real time transactions, whereas PayPal takes 3-5 days to process into account.
ISX also doesn't need "dummy" transactions initiated up front, which incur cost and delay
For example, PayPal funds the deposits into accounts that make up the 'secret' deposits. As it funds these, the number of combinations is small, as it went choose large numbers, resulting in lesser security.
ISX splits a payment that a customer would normally make anyway, and charges for the processing of such.
ISX can also 'choose' any transaction at any future point, and use that to re-identify the customer, in order to meet ongoing customer due diligence requirements for Anti money laundering regulations.
the ISX patents cite PayPal as prior art. To get a patent you must be novel and inventive over the prior art. Examiners in 10 or so countries, including the US+AUS+EU think this to be the case, as they have granted patents.
"Disruptive Tech", page-2
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