iSignthis Launches B2B Transaction Banking Service
iSignthis has launched a tailored B2B euro-based transactional banking service. The E-Money Accounts (EMA) service is independent of the company’s payment processing services, but may supplement payment services by clients. The EMA allows merchants to retain funds on deposit with iSignthis, and utilise those funds to make payments to suppliers including affiliates, sub affiliates, marketing companies, advertising providers, utilities, service providers, personnel and government agencies.
Suppliers are AML screened by iSignthis, and a number of payout options are available including SWIFT, SEPA, and Original Credit Transaction to a Visa card. The EMA has been designed to fill a niche requirement for clients in the AML regulated sector businesses, in particular the small to mid-scale CFD, FX and Gaming industry.