First Atlantic Commerce - First Atlantic Commerce and Promocion y Operation S.A de CV (PROSA) coact to abate online acclaim agenda artifice in Mexico

Hamilton, Bermuda. June 2, 2009. First Atlantic Commerce (FAC), a leading, international, multi-currency transaction and accident administration solutions provider, and Promocion y Operation S.A de C.V (PROSA), the better provider of cyberbanking affairs in Latin America, and one of the better such companies in the world, accept collaborated to abate online acclaim agenda artifice in the region.

FAC has implemented a unique, Verified by Visa and MasterCard SecureCode™ cardholder “authentication-only" band-aid for PROSA that allows the processor to abide 3-D Secure requests to FAC’s MPI in advanced of the transaction authorisation to accommodate added versatility for PROSA and their accepting banks in Mexico and Latin America.
PROSA operates one of the a lot of important transaction processing switches in the world, processing added than 1.3 billion affairs annually and facilitating the majority of affairs fabricated at point of auction terminals throughout Mexico and Latin America, including American Express, Visa and MasterCard, as able-bodied as the ATM's of HSBC, Santander, Scotiabank, Banorte, Banjercito, Banca Afirme, Interacciones, Ixe, Invex, Banregio, and added banking institutions in Mexico, Puerto Rico, and Latin America.
FAC’s 3-D Secure™ band-aid for PROSA enables their accepting banks to actuate chargeback accountability for their online merchants in advanced of the absolute transaction transaction authorization, thereby accouterment advanced advice to abetment with abbreviation artifice and mitigating risk.

Banks on the PROSA belvedere can now abide Verified by Visa and MasterCard® SecureCode™ chump affidavit alone requests deeply above the Internet to FAC servers; the affidavit acknowledgment is again alternate to PROSA for acclaim agenda authorization, all aural a few seconds.

The different 3-D Secure™ accomplishing was advised for the beginning Mexican online business market, area there is adult online acclaim agenda processing, but bound online transactional accident management, and is confined assorted industries above the Region from airlines and hotels to ample retailers.

“PROSA Mexico was analytic for a way to abate accretion online acclaim agenda artifice in the Mexican market. This blazon of accomplishing was not accessible domestically so we formed with PROSA to advance a band-aid to pre-authenticate all of their online chump affairs in advanced of the online acclaim agenda payment,” said CEO of FAC, Andrea Wilson.

“Our Verified by Visa and MasterCard SecureCode™ alone band-aid is accepted to decidedly abate acclaim agenda artifice for online merchants in Mexico and Latin America based on the Card Association rules administering 3-D Secure™ online chargeback accountability shift.”

As a aftereffect of the implementation, Mexican accepting banks and merchants can see an actual abridgement in online Visa and MasterCard acclaim agenda fraud; in some cases by up to 85%.

FAC offers customized chump authentication-only accident solutions to accepting banks and processors in the Latin American Caribbean Region, in accession to a abounding apartment of added online accident solutions including North American Address Verification services, CVV2/CVC2/CID validation and Consumer Credit Card analysis services.

FAC’s online transaction and accident acknowledgment solutions are adjustable and PCI certified, and aswell accessible to banks and processors in added regions including Europe, CEMEA and Asia.

For added advice on FAC’s access to acceptance consumers online, banks and processors should acquaintance info@fac.bm today or appointment the company’s website – www.firstatlanticcommerce.com.

About First Atlantic Commerce

First Atlantic Commerce (FAC) is a arch Internet, multi-currency transaction and artifice accident solutions provider. Headquartered in Bermuda, and accustomed in 1998 to actualize defended card-based transaction solutions for e-businesses, FAC’s cGate® technology offers service, adaptability and aegis to acclimate to abounding business and case acquirer requirements. FAC provides merchants with multi-currency transaction solutions in accession to artifice and abstracts administration casework including AVS, CVV2/CVC2/CID, 3-D Secure™ and IP Geolocation in assorted jurisdictions above Europe, Asia and the Latin American Caribbean Region. For added information, amuse appointment www.firstatlanticcommerce.com.

About PROSA

Promocion y Operacion, S.A. de C.V. (PROSA), is the better provider of cyberbanking affairs in Latin America. Its casework cover routing, authorization, settlement, and clearinghouse of cyberbanking transactions, as able-bodied as the operation of point-of-sale terminals, automated teller machines, internet applications, and added accompanying services. For added information, appointment www.prosa.com.mx.

First Atlantic Commerce (FAC) is a arch Internet, multi-currency transaction and artifice accident solutions provider. Headquartered in Bermuda, and accustomed in 1998 to actualize defended card-based transaction and Credit Card Processing solutions for e-businesses, FAC’s cGate® technology offers service, adaptability and aegis to acclimate to abounding business and case acquirer requirements. FAC provides merchants with multi-currency transaction solutions in accession to artifice and abstracts administration casework including AVS, CVV2/CVC2/CID, 3-D Secure™ and IP Geolocation in assorted jurisdictions above Europe, Asia and the Latin American Caribbean Region. For added information, amuse appointment www.firstatlanticcommerce.com.

First Atlantic Commerce
Thistle House
2nd Floor
4 Burnaby Street
Hamilton, HM 11
Bermuda

First Atlantic Commerce
Tricia Lines Hill – VP Marketing & Corporate Communications
Tel: 1.441.294.4625
Email:press@fac.bm