The iSignthis Ltd (ASX: ISX) share price has continued its good run and is up a further 19% to 18.5 cents today.
This means the identification and payment authentication services provider's shares have rallied almost 34% since this time last week.
Why has it jumped?
Following on from a positive announcement last week, this morning iSignthis advised that it has signed a direct license agreement with JCB International to process its transactions in the Single Euro Payments Area.
According to the release, iSignthis services will be on-boarded to JCB during the third quarter of 2017 before going live by the end of the year.
While not as well-known as Visa or MasterCard, JCB has been rapidly increasing its acceptance footprint across the EMEA region this year by expanding its merchant acceptance network. At the last count it had 106 million card members worldwide.
Management believes the agreement is a further validation and extension of the Paydentity technology and its capabilities covering remote identity, payment processing, and authentication.
