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Briefs: Signthis a Visa principal, Prospa set up for NZ expansion

Payment processing and identity verification specialist iSignthis has entered into an Australian principal member licensing agreement with Visa, allowing it to act as a merchant acquiring institution. The company is already a principal member of MasterCard, China UnionPay, Diners and Discover in Australia. Small business lender Prospa has established a warehouse facility to fund loans in New Zealand, giving it the scope to expand in that market. The three-year committed facility will have an initial capacity of NZ$45 million and has a similar structure to Prospa's Australian funding platform.

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