iSignthis and American Express Reach Agreement for Payment Aggregation

[kreslik.news]

iSignthis Ltd has announced that its Australian subsidiary iSignthis eMoney (ISXPay), has officially reached a payment aggregation agreement with American Express Australia (AMEX).

The agreement with American Express will help to enhance the offerings of ISXPay, with respect to merchants located in Australia. The terms also facilitate the direct onboarding of Australian merchants directly by ISXPay.

The newly struck deal will enable ISXPay to purchase AMEX processing, at a predetermined rate of wholesale Merchant Services Fees (MSF). ISXPay will earn profit by forwarding AMEX processing to merchants at its typical MSF, in addition to a flat fee structure.

In addition, the terms of ... (read more)