iSignthis Tier 1 integration is now complete, enabling the payment authentication and payment processing firm direct access to Visa and Mastercard card schemes.
With the move, ISXPay solution from iSignthis switches to “production live” for the two card schemes.
In order to process card transactions in the European Union and European Economic Area, iSignthis will use its Principal Member Bank Institution Number (BIN).
The new capabilities complement the company’s existing JCB card offering.
“The combination of these three schemes alone represents a viable offering as an independent, standalone acquirer, and with our APMs and SEPA capability, will far exceed many EU payment companies’ capabilities,” iSignthis said in a statement.
The company also intends to gradually add other payment channels including Diners, Discover, China UnionPay, and American Express.
Two weeks ago, iSignthis inked an ecommerce acquiring business agreement with Diners Club International. The agreement enables iSignthis to directly acquire Diners Club and Discover Network branded cards as an online Tier 1 acquirer.
“The upcoming addition of our other principal licensed payment channels, including Diners, Discover, China UnionPay and Amex, will further augment ISXPay’s offering and revenues from mid-CY/FY2019, and positions the Company with a globally enviable choice of payment channels and capabilities,” iSignthis noted.