first atlantic business - Scotiabank joins armament with all-embracing transaction gateway, First Atlantic Commerce, to action 3D Secure solutions above the English Caribbean Region

Hamilton, Bermuda. July 21, 2009. First Atlantic Commerce (FAC), a leading, international, multicurrency transaction and accident administration solutions provider, and Scotiabank, an all-embracing case based in Canada and the arch case in the Caribbean, accept abutting calm to action 3D Secure casework to online merchants in 7 countries above the English Caribbean.

Through this partnership, Internet merchants in the Caribbean will now be able to abutment 3D Secure for Verified by Visa and MasterCard SecureCode on their web sites for the aboriginal time. The account will be accessible to merchants in Jamaica, Bahamas, Barbados, Trinidad & Tobago, Anguilla, Turks & Caicos and Guyana with rollout to an added 11 countries in the English Caribbean planned in the abreast future.

"This is an acutely important account for online merchants," said Andrea Wilson, CEO of First Atlantic Commerce. "The cold of 3D Secure is to abate artifice through the analysis of the cardholder at the time of transaction in a ‘CardNotPresent' environment, such as the Internet. When implemented, 3D Secure protects online merchants from the banking losses associated with "I didn't do it" chargebacks. We are actual aflame about authoritative this added accessible in the Region."

Both Visa and MasterCard action chargeback accountability about-face for artifice accompanying chargebacks if the transaction is accurate through Verified by Visa and MasterCard SecureCode. This aswell includes accountability about-face for attempted Verified by Visa and MasterCard SecureCode requests, which agency that even if the cardholder is not enrolled, the merchant is not accountable for assertive Reason Code chargebacks. So the allowances to both Scotiabank International and its merchants are significant.

"The barrage of this account to our absolute and -to-be Internet merchants is yet addition way that Scotiabank is allowance our audience in aspersing online fraud, while maximizing sales," said Rob Macdonald Scotiabank's Director, Merchant Acquiring Services. "We accept formed with FAC for abounding years processing millions of dollars of acclaim agenda affairs for a ambit of businesses and Government bodies, and implementing 3D Secure is a accustomed next footfall in the change of our solutions to these important customers."

The allowances associated with 3D Secure:
- Provides internet merchants with the adeptness to verify a consumer's accurate character through a secure, electronic, non "face to face" affidavit process.
- Enables all parties in an eCommerce transaction transaction to address arcane and accurate transaction data
- Provides analysis to the merchant that the applicant is the accustomed buyer of a agenda account
- Offers actual aegis from fraudrelated chargebacks ("I didn't do it" chargebacks.)

FAC's acclaim agenda merchant processing and accident acknowledgment solutions are adjustable and PCI certified, and aswell accessible to banks and processors in added regions including Europe, CEMEA and Asia.

Headquartered in Bermuda, and accustomed in 1998 to actualize defended card‐based transaction solutions for ebusinesses, FAC provides able technology advised to plan with a lot of merchant platforms, including Microsoft, UNIX, and LINUX platforms. FAC's cGate technology offers service, adaptability and aegis to acclimate to abounding business and case acquirer requirements. Business solutions such as 3D Secure Payer Authentication, IP Geolocation, Virtual Corporations and adopted multicurrency transaction solutions are accessible in assorted all-embracing jurisdictions.

For added advice acquaintance info@fac.bm today or appointment 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