First Atlantic Commerce - First Atlantic Commerce fires up a apartment of online accident blockage services

First Atlantic CommerceStore this angel in big sizeFirst Atlantic Commerce Ltd. (FAC), a arch international, online transaction aperture and accident administration solutions provider, unveils a absolute apartment of 'cardnotpresent' chump preauthentication and abstracts accident administration solutions aimed at abbreviation or mitigating RC23 and RC83 chargebacks associated with online transaction 'friendly fraud'.

The accumulated apartment of solutions will advice case acquirers, online merchants and IPSPs from accretion bribery of affable artifice accompanying chargebacks, which are on the acceleration as a aftereffect of the accepted acclaim crisis. "Consumers that answerable affairs to their acclaim cards in August and September are now charging them aback beneath the 'zero liability' Issuer programmes (chargeback RC23 and 83) artlessly because they can no best acquiesce to pay their bills due to job losses or investment/savings losses. We accept apparent a ample access in "Unauthorised Transaction" chargebacks back October, and it reflects the accepted bearings in the acclaim agenda markets," states Andrea Wilson, CEO of FAC.

It's not just online businesses who are targets of cardholder acclaim agenda fraud. Banks, Card Associations, transaction processors, Call Centres and any online banking account providers are aswell prime targets to acclaim agenda fraud, whether it's affable artifice or from skimming, phishing and analyze annexation scams. "In this accepted acclaim crisis market, the online industry as a accomplished needs to be far added proactive in preauthentication of acclaim agenda affairs and/or consumers advanced of a friendlyfraud loss," says Wilson.

FAC's cGate SecureRisk solutions can be tailored to accommodated the specific requirements of the client's accident profile, including abutment of AVS and CVV2/CVC2 bout checks after a transaction authorisation ($0 authorisation amount), Call Centre AVSonly solutions, and AVS abstracts analogous to IP Geolocation analysis requests. These solutions advice to analyze if the being assuming the transaction is in actuality in control of the agenda or account, but will not anticipate a affable artifice chargeback from occurring. 3D Secure solutions, however, will.

FAC's multiregion 3D Secure Solutions for Verified by Visa and MasterCard SecureCode are accessible as a standalone account to accepting banks and merchants, who ambition to about-face the banking accountability of chargebacks for RC23 and RC83 aback to the Issuer and cardholder who performed the aboriginal transaction. FAC's 3D Secure alone casework can be implemented apart of online transaction aperture transaction services, accouterment added adaptability to acquirers and transaction processors for transaction screening. "In a acclaim crisis bazaar area consumers accept accurately performed the transaction yet are now charging aback claiming they didn't do it, the alone aegis a merchant and an accepting case has adjoin those chargeback losses is Verified by Visa and MasterCard SecureCode," says Wilson.

Merchants that participate in Verified by Visa accept chargeback accountability about-face aegis on all affairs that are answerable aback for RC23 and RC83 if an attack to accredit the cardholder is performed and the transaction is authorised. The aegis is aswell accessible for absolutely accurate Verified by Visa transactions. This is on a all-around base whether the cardholder or Issuers are enrolled/participating or not.

"If the attack to accredit the cardholder is performed, Visa protects the merchant and the acquirer from friendlyfraud chargebacks by alive the banking accountability aback to the Issuing bank, even if the arising case has zeroliability behavior in abode for their cardholders. This is awfully important in today's acclaim crisis as the antithesis of accident is now clashing at alarming levels for accepting banks globally," she says.

MasterCard SecureCode offers merchant accountability about-face on attempted SecureCode authentications in all regions except the USA. If a merchant is registered with a accommodating acquirer alfresco the USA they will accept chargeback accountability about-face on attempted SecureCode authentications on online transaction aperture affairs that are authorised - even from USA cardholders which are after again answerable aback for RC23 and RC83.

"What is different about FAC's cGate SecureRisk casework is that they are accessible in assorted currencies and countries so merchants and accepting banks, anywhere in the world, can apparatus their best of solutions, and accept an actual account with abridgement in online transactional fraud," states Wilson. "Being adjustable and affair the accident contour of our audience is the ultimate ambition of our programme. Banks and merchants not registered with 3D Secure solutions in today's highrisk chump acclaim bazaar are accordingly traveling to accept affable artifice losses. Be acute about attention your harder becoming sales adjoin affable artifice losses and chargeback fines. Implement 3D Secure."

Headquartered in Bermuda, and accustomed in 1998 to actualize defended card-based transaction solutions for e-businesses, First Atlantic Commerce provides able technology advised to plan with a lot of merchant platforms. Find out added about online transaction aperture solutions.

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

Contact: Tricia LinesHill
Tel: 441.296.5598
Fax: 441.295.6855