Press release
Scotiabank joins forces with international payment gateway, First Atlantic Commerce, to offer 3D Secure solutions across the English Caribbean Region
Hamilton, Bermuda. July 21, 2009. 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 ‘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."
Both Visa and MasterCard offer chargeback liability shift for fraud related chargebacks when the transaction is authenticated through Verified by Visa and MasterCard SecureCode. This also includes liability shift for attempted Verified by Visa and MasterCard SecureCode requests, which means that even if the cardholder is not enrolled, the merchant is not liable for certain Reason Code chargebacks. So the benefits to both Scotiabank International and its merchants are significant.
"The launch of this service to our existing and prospective Internet merchants is yet another way that Scotiabank is helping our clients in minimizing online fraud, while maximizing sales," said Rob Macdonald Scotiabank's Director, Merchant Acquiring Services. "We have worked with FAC for many years processing millions of dollars of credit card transactions for a range of businesses and Government bodies, and implementing 3D Secure is a natural next step in the evolution of our solutions to these important customers."
The benefits associated with 3D Secure:
- Provides internet merchants with the ability to verify a consumer's true identity through a secure, electronic, non "face to face" authentication process.
- Enables all parties in an eCommerce payment transaction to transmit confidential and valid payment data
- Provides verification to the merchant that the buyer is the authorized owner of a card account
- Offers immediate protection from fraudrelated chargebacks ("I didn't do it" chargebacks.)
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.
Headquartered in Bermuda, and established in 1998 to create secure card‐based payment solutions for ebusinesses, FAC provides powerful technology designed to work with most merchant platforms, including Microsoft, UNIX, and LINUX platforms. FAC's cGate technology offers service, flexibility and security to adapt to many business and bank acquirer requirements. Business solutions such as 3D Secure Payer Authentication, IP Geolocation, Virtual Corporations and offshore multicurrency payment solutions are available in various international jurisdictions.
For more information contact info@fac.bm today or visit the FAC website www.firstatlanticcommerce.com.
Tricia Lines Hill
info@fac.bm
441.296.5598
Thistle House
2nd Floor
4 Burnaby Street
Hamilton,
HM 11
Bermuda
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Scotiabank joins forces with international payment gateway, First Atlantic Commerce, to offer 3D Secure solutions across the English Caribbean Region here
News-ID: 89215 • Views: …
More Releases from first atlantic commerce
First Atlantic Commerce wins Team Spirit Award while raising money for charity
Employees of First Atlantic Commerce (FAC), a Bermudabased, online multicurrency payment and risk management solutions provider, won the Team Spirit Award after participating in the annual Catlin EndtoEnd charity fund raising event held on May 2009.
A FAC team of ten biked across the island to raise money for the Bermuda EndtoEnd Charitable Trust. Clad in Superhero costumes in an effort to collect more pledges (the brainchild of VP of International…
First Atlantic Commerce and Promocion y Operation S.A de CV (PROSA) collaborate …
Hamilton, Bermuda. June 2, 2009. First Atlantic Commerce (FAC), a leading, international, multi-currency payment and risk management solutions provider, and Promocion y Operation S.A de C.V (PROSA), the largest provider of electronic transactions in Latin America, and one of the largest such companies in the world, have collaborated to reduce online credit card fraud in the region.
FAC has implemented a unique, Verified by Visa and MasterCard SecureCode™ cardholder “authentication-only" solution…

First Atlantic Commerce continues to meet the highest security standards
First Atlantic Commerce (FAC), a leading international, multicurrency payment gateway and data management solutions provider, announced today that it has once again achieved compliance with the 2009 Payment Card Industry - Data Security Standard (PCI - DSS).
The PCI Security Standards Council's mission is to enhance payment account data security by driving education and awareness of the PCI Security Standards. The organization was founded by American Express, Discover Financial Services, JCB…

First Atlantic Commerce fires up a suite of online risk prevention services
First Atlantic Commerce Ltd. (FAC), a leading international, online payment gateway and risk management solutions provider, unveils a comprehensive suite of 'cardnotpresent' consumer preauthentication and data risk management solutions aimed at reducing or mitigating RC23 and RC83 chargebacks associated with online payment 'friendly fraud'.
The combined suite of solutions will help bank acquirers, online merchants and IPSPs from increasing abuse of friendly fraud related chargebacks, which are on the rise as…
More Releases for Secure
Secure Multiparty Computation (SMPC) Market Empowering Secure Data Sharing: Secu …
Secure Multiparty Computation (SMPC) Market worth $1,642. Mn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Secure Multiparty Computation (SMPC) Market - (By Offering (Solution, Services), By Deployment Mode (Cloud, On-Premises), By Vertical (Banking, Financial Services, and Insurance (BFSI), IT & ITeS, Government, Healthcare, Retail and eCommerce)), Trends, Industry Competition Analysis, Revenue and Forecast…
Secure Your Call recently launched the most secure android mobile phones
Android mobile experience highly depends on personalization and data collection. But most first-party applications like Apple Maps or Google Photos, and third-party choices like WhatsApp and Instagram, track your personal data. Now, going for a privacy-focused mobile will imply that you miss out on some of these services and features. But if a safe and secure connection is your priority, then getting a version of one of the best secure…
Secure Logistics Market Unidentified Segments - The Biggest Opportunity Of 2020 …
Latest Research Study on Global Secure Logistics Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Global Secure Logistics Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Secure Logistics.
The study covers emerging player’s…
Secure Logistics Market To See Huge Growth By 2025 | Brink’s, Cargo Guard Secu …
Latest Research Study on Global Secure Logistics Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Global Secure Logistics Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Secure Logistics.
The study covers emerging player’s…
Secure Messaging in Healthcare Market Report 2018: Segmentation by Type (Medical …
Global Secure Messaging in Healthcare market research report provides company profile for Vocera Communications, Cerner, AGNITY, AMTELCO, Avaya, PatientSafe Solutions, CellTrust, TigerConnect, Imprivata, Voalte, Spok, Halo Communications and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
Secure Logistics Market Is Booming Worldwide | Brink's, CMS Infosystem, CargoGua …
HTF MI recently introduced Global Secure Logistics Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Brink's, CMS Infosystem, CargoGuard Secure Logistics, G4S Secure Solutions (A subsidiary…