Happy to be corrected if I am wrong. My interpretation of the article is that payment service providers will have to run strong customer authentication which means they will need to have 2 factor authentication linking the payment instrument to the transaction.
Basically from what I can determine is that all the patents rest with PayPal or Isignthis.
Now a payment processor would make their money out of processing payments which they can't do unless they use 2 factor authentication which is already under patents. They can't use the PayPal technology as PayPal would want to process the transactions leaving the payment processor out of a job.
Does this mean that all payment processors to comply with the new regulations would be looking to come to ISignthis so they can continue to run their business.
Just my interpretation. I maybe way off, so people, put me straight.
IMO. DYOR.
ISX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
