Yes dear doctor Seuse. Isignthis meets European Central Banks and US FDICs guidance for assurance payment security of highest standards.
Security is our top priority. We adhere to the most stringent security methods developed by the Payment Card Industry (PCI), and adhere to the technology requirements of regulators including the European Central Bank ‘Security of Internet Payments’, US FDIC’s Mobile Payments Guidance and the Monetary Authority Singapore’ TRMG, to ensure your information is secured to the highest standards at all times.
Privately held iSignthis Ltd has been successful in being granted patents for online payment security, internet identity, e-mandates and e-contract validation. It has commercially released its products to merchants, with the Merchant Protect product suite offering strong customer authentication that minimises revenue leakage, whilst providing fraud mitigation and revenue assurance to larger corporates and online merchants. Recently, iSignthis released its payment authentication technology as a cloud based SaaS for Payment Service Providers (PSP's), including gateways, issuers and acquirers. The iSignthis service also includes online, automated Evidence of Identity to assist obligated entities in meeting their customer due diligence/ KYC requirements under Anti-money laundering legislation. The Company is headquartered in Melbourne, Australia, with offices in Bangkok & shortly Amsterdam.
We provide Evidence of Identity (EOI) that allows a person to be linked to various authentication technologies, including those that we operate for payment authentication. The EOI may be used as part of customer due diligence in satisfying 'know your customer' (KYC) requirements for obligated entities or designated services in FATF legislative model jurisdictions. The EOI is automated, online, and uses the 'reliance' method. This method is available under most FATF legislative models, whereby a 2nd reporting entity can rely upon a 1st reporting entity's KYC provided that the 1st reporting enmity is also in a FATF (or APG) legislative model jurisdiction, and a direct, traceable link can be shown to the account holder having initiated the transaction.
We manage Card Not Present (CNP) and online risk by authenticating transactions using our patented Payment Authentication Service. iSignthis offers compliance solutions to Payment Service Providers (PSP's) to meet strong customer authentication to the European Central Bank, Monetary Authority of Singapore, and Reserve Bank of India mandated requirements. These solutions can be deployed at payment gateways, acquirers, issuers and eWallets
In the EU27/SEPA zone, Payment Service Providers must meet the European Central Bank's 'Security of Internet Payments' (SecuRE Pay) by 01st February 2015.
iSignthis’ unique solution is privacy preserving for customers, whilst providing confidence for eMerchants and compliance solutions for obligated entities and payment service providers.
