iSignthis’ OTCapital now live

Company News

by Kathy Skantzos

OTCapital, a payment service provided by payment processing company iSignthis (ASX:ISX) is now processing live payments after completing integration of its services to the Australian Securities and Investment Commission (ASIC).

The transactions are processed through ISXPay Australia, which is integrated into National Australia Bank’s (NAB) (ASX:NAB) services.

The services integrated with NAB includes facilitation of processing, clearing and funds settlement to merchants for Visa and Mastercard transactions.

ISXPay incorporates the company’s Paydentity technology which provides identity verification services and customer authentication.

OTCapital’s transactions will contribute to the March quarter’s revenue.

Shares in iSignthis (ASX:ISX) are trading 6.67 per cent higher to $0.16.