Payments platform iSignthis (ASX: ISX) had a rocky month in September, after an industry watchdog report questioning its governance practices.

But on the subject of its core business — B2B payment verification services — the company said it had some good news this morning; it’s processing more payments than ever.

Investors approved, sending the stock 15 per cent higher in morning trade to around $1.07.

That’s still well off the 2019 highs above $1.60, before the report by Ownership Matters was published on September 12.

The report noted there was minimal disclosure around a sharp increase in transaction revenue in June 2018, just prior to a key performance hurdle which activated the release of performance rights to 336m ISX shares for the company’s management team.

Driving turnover

ISX said annual growth in its key performance metric — gross processing turnover volume (GPTV) — continued to rocket higher last month.

To the 30th of September, annualised GPTV climbed above $1.9 billion — a gain of around 360 per cent from 30 June.

Annualised GPTV at the end of February was less than $200m, indicating growth of almost ten times over a six-month period.

ISX maintained its stance of only reporting annualised figures, not actual m/m or q/q growth.

“Actual processed transactional volumes continue to grow in line with expectations as new business customers are onboarded,” ISX said.

The company said there’s a strong pipeline of new customers for its Paydentity service, which provides fast-tracked know-your-customer (KYC) checks to help companies meet compliance standards around payment processing.

ALSO READ: iSignthis is still in the wars after a rough week

In other ASX tech news today

Data management company 9Spokes (ASX: 9SP) said it received the first payment from Bank of America, after signing a contract with the lender in late August. 9SP said the implementation fee will amount to around 30 per cent of total FY19 revenue. Shares in the company were up 11 per cent to two cents.

Internet-safety platform Family Zone Cyber Safety Ltd (ASX: FZO) announced it has broken through the 150,000 mark for paying accounts signed up to the platform. Shares in the company were up 5.8 per cent to 18 cents, down from 12-months highs above 40 cents reached this time last year.

Environmental tech company Phoslock (ASX: PET) has done another deal in China, signing a contract to apply its water-treatment technology to improve the health of East Lake in Wuhan City. Commercial terms of the deal weren’t disclosed. Shares in PET were up 6.9 per cent to $1.39 on the news.

And eSports platform MSM Corporation (ASX: MSM) said that through its partnership with the Dubai-based Riva Group, its involved in the development of a new licensed game that will accompany the release of the upcoming Terminator movie. Shares in MSM climbed seven per cent to 1.5 cents.