Articles by First Atlantic Commerce on ArticleSnatch.com

First Atlantic Commerce, MITec Mexico and Ukash launch consumer cash payment solutions in Mexico

Wed, 28 Jul 2010 05:45:33 -0400

First Atlantic Commerce (FAC), an international, online payment gateway and fraud management solutions provider, Mercadotecnia Ideas y Tecnología (MITec), a leading transactional payments company in Mexico, and Ukash, a global online alternative cash payment provider, today announced the addition of Ukash voucher payment solutions including multi-currency voucher issuing, and full and partial voucher redemptions, to the Mexican market. Processing is conducted securely over FAC's Internet payment platform allowing for real-time issuing and redemption of Ukash vouchers in Mexican Pesos. MITec has implemented Ukash in over 600 point of sale retail outlets in Mexico, and will expand to Internet Ukash purchasing and redemption by the end of the 2010. Ukash vouchers purchased in Mexico can be redeemed at any ecommerce merchant accepting Ukash vouchers online, opening up the Mexican consumer market to the global Internet economy. Ukash, the fast growing global e-commerce payment solution, announced that Mexico will add to their existing deployment of countries issuing vouchers in the Latin American market, including Uruguay and Colombia. **End Summary** Topics: online Merchant account]]> online payment Processing]]> payment]]>]]> About the Author: ]]> First Atlantic Commerce (FAC) is a leading Internet, multi-currency online payment Processing , international online Merchant account and fraud risk solutions provider. Headquartered in Bermuda, and established in 1998 to create secure card-based payment solutions for e-businesses, FAC's cGate technology offers service, flexibility and security

FAC and Ukash extend partnership

Tue, 22 Jun 2010 13:14:40 -0400

Hamilton, Bermuda and London, UK. June 8, 2010. First Atlantic Commerce (FAC), an international, online payment and risk management solutions provider, and Ukash, a global online alternative cash payment provider, today announced the addition of new Ukash processing services including multicurrency voucher issuing, and full and partial voucher redemptions via FAC’s platform. The companies teamed up in September 2009 to offer online merchants full value voucher redemption payment methods in Europe and emerging online consumer markets. Ukash is a globally-recognized alternative payment method that allows consumers to shop, pay and play online safely with cash. FAC is now able to accept vouchers that are issued from physical Point of Sale (POS) terminals and online issued vouchers, enabling the service across both Card Present and Card Not Present networks. “This is a significant product release for FAC, providing a fully integrated and secure alternative payments solution for both physical retailers selling Ukash through a POS system and Internet merchants who wish to offer Ukash as a payment method,” said Chris Burns, SVP Business Development at First Atlantic Commerce. **End Summary** Topics: online payment gateway]]> eccomerce]]> payment gateway]]> internat]]>]]> About the Author: ]]> First Atlantic Commerce (FAC) is a leading international payment gateway, multi-currency payment, risk management, online payment solutions provider. For more information on online payment gateway services visit www.firstatlanticcommerce.com

Alternative payment methods

Fri, 07 May 2010 11:15:36 -0400

While I was getting ready for bed last night, I gazed at my rolled-up tube of toothpaste sitting on the bathroom counter, and as my eyes rolled over the brand – Aquafresh Extreme CleanTM – I thought about how consumer- buying behaviour toward toothpaste has changed in the past three decades. Remember when toothpaste was simply there to clean your teeth and prevent cavities? Today, however, toothpaste has morphed into that whole mouth-clean trend. It whitens, brightens, freshens breath, fights plaque, fights cavities, controls tartar build-up, tastes like mint or cinnamon or bubblegum. Changing business models The toothpaste industry has matured to satisfy the consumer. So, if a toothpaste manufacturer sticks to offering fluoride-only paste with none of the other bells and whistles, chances are that toothpaste will no longer be in demand. Today, consumers are expecting more from their toothpaste. Gaming operators are starting to move in the same direction. Many operators are looking to offer the whole gaming product mix as opposed to one game in order to stay competitive, which partly explains why we continue to see consolidation in the online gaming sector – it allows for operators to broaden their product offerings. **End Summary** Topics: online payment gateway]]> online credit card processing]]> payme]]>]]> About the Author: ]]> First Atlantic Commerce (FAC) is a leading international payment gateway, multi-currency payment, risk management, online payment solution provider. For more information on online payment gateway services visit www.firstatlanticcommerce.com

First Atlantic Commerce provides online payment solution to WindReach Bermuda

Tue, 09 Mar 2010 12:16:34 -0500

First Atlantic Commerce (FAC), a local Bermuda company that provides international online payment and fraud management solutions, and WindReach Bermuda, a charitable organisation dedicated to special needs persons and seniors, today announced they are working together to enable WindReach to receive online donations and eventually, payment for use of WindReach facilities, via their website. FAC is a PCIcertified payment solutions provider dedicated to providing businesses with custom, online payment and risk management solutions. FAC's payment gateway is now integrated to WindReach's website to provide them with realtime credit card processing, which enables their visitors to make donations online. Funds are settled to WindReach's merchant account at CAPITAL G Bank. WindReach is an all inclusive and accessible community facility that exists to enrich the quality of life for people with special needs. Established in 1999, the charity is for use by persons of all ages, abilities and special needs, including Bermuda's growing senior population. WindReach offers educational, therapeutic and recreational programmes to foster inclusion and interaction between the ablebodied and the special needs communities. **End Summary** Topics: international payment gateway]]> credit card merchant processi]]>]]> About the Author: ]]> First Atlantic Commerce (FAC) is a leading international payment gateway, multi-currency payment, credit card merchant processing and risk management solutions provider. For more information on online payment gateway services visit www.firstatlanticcommerce.com

Reliable And Scalable International Payment Gateway

Wed, 11 Nov 2009 11:22:59 -0500

First Atlantic Commerce (FAC) has been providing world class online payment and fraud and data management solutions for more than 11 years to Internet merchants around the whole globe. FAC's clients expect, and also deserve, scaleable, secure and redundant processing systems. And their pattern of continued expansion over the years, both in terms of new online merchants, and acquiring banks, is testament to their capabilities and promise to provide best in class solutions. Multi Currency Real Time Payment Processing First Atlantic Commerce's (FAC's) powerful processing platform is a feature rich payment system offering reliable and dependable round the clock transaction processing. Ideal for all merchants and international merchants with high capacity transaction volumes, it is fast and secure, and platform independent. - Relationships with leading Acquiring Banks around the world to help manage high volume capacity - Fully redundant systems and round the clock, real time monitoring - Merchants can pre authorise, authorize only, capture, reverse and refund transactions - Web reporting in real time Secure, PCI Compliant Systems The Payment Card Industry (PCI) has a set of standards called the Data Security Standards (DSS). **End Summary** Topics: payment gateway]]> online credit card processing]]> credit card]]>]]> About the Author: ]]> FAC's online payment gateway and risk mitigation solutions are compliant and PCI certified, and also available to banks and processors in other regions including Europe, CEMEA and Asia. For more information on online payment gateway services visit www.firstatlanticcommerce.com/merchants/payment-gateway-features.aspx

First Atlantic Commerce provides MITec with authentication-only fraud management tools

Fri, 02 Oct 2009 11:06:28 -0400

First Atlantic Commerce (FAC), a leading, international, multi-currency payment gateway and risk management solutions provider, and Mercadotecnia Ideas y TecnologÃa (MITec), a leading transactional gateway in Mexico, today announced their collaboration to fight online credit card fraud in Mexico. FAC offers customized consumer authentication-only risk solutions to merchants, acquiring banks and processors in the Latin American Caribbean Region, in addition to a full suite of other online risk solutions including North American Address Verification (AVS) services, CVV2/CVC2/CID validation and Consumer Credit Card verification services. In a move to add value to their services and provide their clients with the best available technology, MITec has selected FAC for its world-class online risk management solutions. FAC is providing MITec with AVS-only services, which allows merchants to automatically screen by comparing the online billing address to the billing address attached to the cardholder's credit card, and process transactions in real-time. MITec is also using FAC's 3-D Secure only service, which is a fully compliant payer authentication solution for Verified by Visa and MasterCard SecureCode designed to protect international online merchants from fraudulent transactions. **End Summary** Topics: first atlantic commerce]]> online payment gateway]]> credit card]]>]]> About the Author: ]]> About First Atlantic Commerce First Atlantic Commerce (FAC) is a leading international payment gateway, multi-currency payment, credit card merchant processing and risk management solutions provider. FAC's online payment gateway and risk mitigation solutions are compliant and PCI certified, an

Leveraging payment gateway relationships to be a core part of business development strategies

Wed, 12 Aug 2009 11:10:45 -0400

Does a provider think outside-of-the-box? A good payment gateway is able, from the outset, to illustrate how they can seamlessly fit into existing operator systems, structures and business processes, thereby enabling operators to focus on their core business and particularly their valuable players, while the gateway focuses on the business of payments. If an operator is looking for additional payment processing capacity, or have been tasked for the first-time to find a reliable provider, consider the following points, many of which may seem obvious, but are not always on offer. Payment Card Industry (PCI) Certified Payment Gateways Ensure the payment gateway is PCI Certified. The PCI DSS is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. It requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. In particular, all data should be encrypted, and intrusion detection, responses, and systems monitoring should go hand-in-hand with formalized security policies. **End Summary** Topics: payment gateway]]> online credit card processing]]> credit card]]>]]> About the Author: ]]> First Atlantic Commerce (FAC) is a leading Internet, multicurrency payment, fraud risk solutions and online credit card processing service provider. http://www.firstatlanticcommerce.com/

Scotiabank joins forces with international payment gateway, First Atlantic Commerce, to offer 3D Sec

Mon, 27 Jul 2009 06:52:43 -0400

First Atlantic Commerce (FAC), a leading, international, multicurrency payment and risk management solutions provider, and Scotiabank, an international bank based in Canada and the leading bank in the Caribbean, have joined together to offer 3D Secure services to online merchants in 7 countries across the English Caribbean. Through this partnership, Internet merchants in the Caribbean will now be able to support 3D Secure for Verified by Visa and MasterCard SecureCode on their web sites for the first time. The service will be available to merchants in Jamaica, Bahamas, Barbados, Trinidad & Tobago, Anguilla, Turks & Caicos and Guyana with rollout to an additional 11 countries in the English Caribbean planned in the near future. "This is an extremely important service for online merchants," said Andrea Wilson, CEO of First Atlantic Commerce. "The objective of 3D Secure is to reduce fraud through the verification of the cardholder at the time of payment in a â€˜CardNotPresent' environment, such as the Internet. When implemented, 3D Secure protects online merchants from the financial losses associated with "I didn't do it" chargebacks. We are very excited about making this more available in the Region. **End Summary** Topics: first atlantic commerce]]> online payment gateway]]> credit card]]>]]> About the Author: ]]> FAC's credit card merchant processing and risk mitigation solutions are compliant and PCI certified, and also available to banks and processors in other regions including Europe, CEMEA and Asia.

First Atlantic Commerce and Promocion y Operation S.A de CV (PROSA) collaborate to reduce online cre

Thu, 25 Jun 2009 00:00:00 -0400

FAC has implemented a unique, Verified by Visa and MasterCard SecureCode cardholder "authentication-only" solution for PROSA that allows the processor to submit 3-D Secure requests to FAC's MPI in advance of the payment authorisation to provide more versatility for PROSA and their acquiring banks in Mexico and Latin America. PROSA operates one of the most important payment processing switches in the world, processing more than 1.3 billion transactions annually and facilitating the majority of transactions made at point of sale terminals throughout Mexico and Latin America, including American Express, Visa and MasterCard, as well as the ATM's of HSBC, Santander, Scotiabank, Banorte, Banjercito, Banca Afirme, Interacciones, Ixe, Invex, Banregio, and other financial institutions in Mexico, Puerto Rico, and Latin America. FAC's 3-D Secure solution for PROSA enables their acquiring banks to determine chargeback liability for their online merchants in advance of the actual payment transaction authorization, thereby providing advance information to assist with reducing fraud and mitigating risk. Banks on the PROSA platform can now submit Verified by Visa and MasterCardÂ® SecureCode consumer authentication only requests securely across the Internet to FAC servers; **End Summary** Topics: first atlantic commerce]]> online payment gateway]]> credit card]]>]]> About the Author: ]]> FAC's online credit card processing and risk mitigation solutions are compliant and PCI certified, and also available to banks and processors in other regions including Europe, CEMEA and Asia.

3D Payer Authentication Solutions

Thu, 25 Jun 2009 00:00:00 -0400

What is 3-D Secure Payer Authentication? 3-D Secure has been named by VISA and MasterCard because there are 3 interoperability domains involved in the authentication process. - Issuer Domain - Interoperability Domain - Acquirer Domain Also involved in the authentication process are the cardholder, the merchant, the payment gateway and the bank's processor Consumers: Once enrolled in 3-D Secure consumers can be protected from fraudulent use of their card at an Internet merchant site, this builds consumer confidence in the payment mechanisms online prompting greater use and increased spending. Merchants: Merchants benefit from chargeback liability shift on disputed payment transactions if they are enrolled in 3-D Secure and made an attempt to authenticate the cardholder during the payment process. The issuer nor the cardholder need to be enrolled in order for protection to be guaranteed! VISA supports chargeback liability shift on 3-D Secure attempts and completed authentication requests. MasterCard in USA and Canada do not support 'attempts' and require full UCAF authentication in order to transfer chargeback liability shift from merchant to consumer. **End Summary** Topics: first atlantic commerce]]> online payment gateway]]> credit card]]>]]> About the Author: ]]> First Atlantic Commerce installed the MPI so that 3-D Secure could be provided to merchants whether they use FAC's payment gateway services or not.