iSignthis launches SEPA instant payments
iSignthis, an Australian based payments company, has been granted approval for SEPA (Single Euro Payments Area) by the Central Bank of Cyprus to enable instant payments for its clients via its ISXPay(R) payments network. Using this network, businesses and customers can send payments to P2B, P2P, B2B and B2P networks across any points within European Economic Area (EEA).
The launch of SEPA instant will allow the company to boost revenue associated with EMA product and offer an alternative to SWIFT service according to the press release by the company.
“We are delighted to announce that we now offer real-time payments as part of our services. The ever increasing demand from our customers for instant payments capabilities has made SEPA Instant a focal point for us. We are delighted to add value to our payments processing services with SEPA Instant and continue to meet our client’s demand,” said MD & CEO of iSignthis John Karantzis.
The company has incorporated real-time sanctions and law enforcement watch list screening monitoring in order to comply with anti-money laundering requirements.