iSignthis Ltd, a payment and identity verification technology company, announced this Monday that Windsor Brokers, a forex and contracts for difference (CFD) brokerage, has gone live on the unified ISXPay® platform, comprising Paydentity identity verification, card processing and acquiring, to Visa, Mastercard, and JCB.
Under the partnership, iSignthis’ subsidiary, iSignthis eMoney Ltd (ISXPay), is processing, clearing and settling funds in multiple currencies for Windsor Brokers from the three card schemes.
The payments are processed via ISXPay’s Bank Institution Number (BIN), as a Principal member of the preceding card schemes, the statement said. Furthermore, through Paydentity, iSignthis’ identity verification platform, Windsor Brokers has access to its Payment Instrument Verification (PIV) service to verify clients.
Windsor Brokers was contracted by iSignthis mid last year, the company told Finance Magnates via email. The partnership has been included in the company’s Gross Process Transaction Value (GPTV) estimates.
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Commenting on the partnership, iSignthis Managing Director John Karantzis said: “We are delighted to be working with Windsor Brokers, and appreciate the confidence placed in us to deliver key payment and identity services.”
“We are glad to see our portfolio of merchants growing and including trusted, tier 1 merchants in the FX Broker industry, as we work towards building a world-class business-focussed neobank.”
Windsor Brokers Services Europe and the Middle East
Windsor Brokers offers forex and CFD trading on gold, oil, soft commodities, shares, indices and more. Through its license with the Cyprus Securities and Exchange Commission (CySEC), the company offers its products through Europe and the United Kingdom.
In August of last year, the investment firm was also granted a license by the Jordan Securities Commission (JSC) under Seldon Investments Ltd, as Finance Magnates reported. The license is part of the firm’s strategy to focus on the forex market in the Middle East and has its office based in Amman, Jordan.