- 1. First Atlantic Commerce Customer Presentation
2. Objectives
- Who is First Atlantic Commerce Ltd Some History
- What is unique about FACs solutions?
- Acquiring Bank Relationships, PayPal, Ukash, Chexx
- Fraud Management Solutions
3. Who is First Atlantic Commerce Ltd?
- Established in 1998 Bermuda and Grand Cayman
- 17 full time staff in Bermuda; 3 international Consultants
- Executives with over 25+ years experience in Information
Technology, Card Processing, Merchant acquiring and ecommerce
solutions
- PCI Certified (2005/6/7/8/9), MasterCard MSP/TPP, VISA ISO
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- Internet Multi-Currency Transaction Processing Solutions
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- 3-D Secure Payer Authentication
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- Risk and Data Management Services/ Online Fraud Prevention
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- Strategic Multi-jurisdictional Solutions
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- Payment consulting services
4. What is Unique About FAC Solutions?
- We simplify business objectives for online businesses through
implementation of creative payment solutions that others do not
support or realize are possible.
- We architect unique multicurrency, multi-jurisdictional
processing solutions that allow global online businesses to expand
into regions and countries where they would not be able to easily,
nor without great cost, via a single interface to FACs
platform
5. What is Unique About FAC Solutions?
- FAC provides a spring board for international acquirers and
merchants to process ecommerce based transactions in
multi-jurisdictional environments using a single PCI certified
processing platform simple and cost effective!
- Excellent positioning for multi-currency payment solutions for
global merchants requiring tactical international strategies for
North America, Latin America, Asian and European markets
- FAC merchants connect to FAC via a single interface but may
have acquiring relationships in multiple countries to diversify
volumes and expand business/corporate strategies
- FAC provides multi-currency credit card processing as well as
alternative payment options including PayPal, Ukash, check issuing
services and EFT (electronic funds transfer)
6. FACs Payment Processing Platform
- Real-Time Payment Processing & Web-Based Reporting
- Integrating to our secure gateway enables merchants to offer a
range of multi-currency processing options on their web sites
including Visa, MasterCard, American Express (Europe),PayPal,
Ukash, Check Issuing services and EFT or ACH within the US.
- European debit capabilities will be available soon including
Maestro, iDeal and Recurring debit payments
- Transaction functions include pre-authorisations, auth-only ($0
included) Captures, Reversals, Refunds, 3D Secure-only, AVS-only,
CVV2 match checks
- Real-time reporting is available to assist with quick response
times, managing customer expectations and service levels
7. FACs Payment Processing Platform
- Multi-jurisdictional, multi-currency settlement via a single
interface
- Batch processing (real time and offline file upload)
- Call Centre web applications
- Virtual Terminal (back office support)
- Mail Order/Telephone Order (MO/TO)
- Repeat and Subscription Billing
- Secure web-based transaction reporting
- Web-based chargeback reports
- 24 x 7 telephone, web and email emergency technical
support
- 3-D Secure - multi-regional certifications in place (EU, CEMEA,
LACR)
- CVV2/CVC2/CID and AVS checks
8. 9. Acquiring Bank Relationships
- FAC is certified to many bank processors and acquirers in the
Caribbean including Panama and Bermuda, Mexico, the UK, Europe, and
Mauritius .
- Some of the banks that we work in the Latin American Caribbean
Region include:
- FAC has access to several Pan European Acquiring banks that
support multi-currency credit card processing at competitive
rates
10. Currencies
- Available Currencies are dependent on the solution you choose
for your merchant acquiring.
- Pan Europe Solution--Pricing & Settlement Currencies
- Euro Pound SterlingUS Dollars
- Swiss FrancNorwegian Kroner Swedish Krona
- Danish Krone Japanese Yen Canadian Dollar
- Australian Dollar Hong Kong Dollar Saudian Arabian Riyals
- Cypriot Pound South African Rand Icelandic Krona
- Thai Baht New Zealand Dollar Singapore Dollar
- Czech Koruna Polish Zloty Hungarian Forint
- Maltese Lira Latvian Lat Lithuanian Litas
11. Currencies
- Asia Pacific Solution --Pricing & Settlement
Currencies
- United Arab Emirates Dirhams
12. Currencies
- Latin American Caribbean Region Solution
- All South American, Caribbean and Central American currencies
are available through acquirers in the LACR with settlement to US
Dollars
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- Examples of currencies include: Argentine Peso, Colombian
Pesos, Bolvian Boliviano, Brazilian Reals, Chilean Pesos, Costa
Rica Colons, Belize Dollars, Canadian Dollars, US Dollars, Bahamas
Dollars, Jamaican Dollars, Cayman Island Dollars etc.
13. Ukash
- Consumers can pay quickly, simply & anonymously
- Online merchants can redeem Ukash vouchers through a check-out
function via our payment gateway
- Redemption is in real-time and with zero chargeback liability
(treated as cash)
- Consumers can purchase Ukash vouchers in the UK, France, Spain,
Germany, the Netherlands, Sweden, Portugal, Russia, Poland, South
Africa, Ireland, Cyprus, Australia, New Zealand, Canada, and
Uruguay.
- Ukash will soon be able to be purchased via Mobile devices with
debit to bank accounts but then redeemable online at registered web
sites
- Ukash provides a guaranteed alternative to credit cards in
markets where Issuers may be blocking transactions or consumers
want to remain anonymous
14. PayPal
- Consumers can shop securely and pay quickly
- Leverage FACs relationship with PayPal to accept card brands,
along with PayPal, through one single host
- Through our interface, PayPal supports payments for merchants
with registered business entities in the European Union including
the UK, the Netherlands, France, Germany and Spain
- Consumers are able to buy goods in their local currency, and
the transaction is settled in the currency of the country where the
merchant PayPal bank account is registered
- With a network of more than 190 countries and regions, and in
multiple currencies, PayPal reaches across the globe to give you or
your business a way to pay or get paid
15. Chexx
- Check Issuing and Electronic Funds Transfer (EFT)/ACH
- Fast and affordable outgoing payment remittance and refunding
solutions via our payment gateway
- We can provide for issuing and disbursing high volumes of
checks and electronic funds transfers (EFT & ACH) in local
currencies to payees in over 65 countries via our relationship with
Chexx Inc
- Ideal for merchants who need to send incentives, rewards,
refunds, prizes or commissions
- Check issuing or electronic funds transfers (EFT) in over 30
currencies to companies or individuals across the globe
16. Fraud Management Solutions
- FAC provides online merchants with data to help them protect
their businesses from fraudulent transactions, chargebacks and
unauthorized payments
- Address Verification Services (AVS) screens customer by
comparing billing address to cardholders credit card statement
- Card Verification Code -- CVV2/CVC2/CID validates security code
found on back of credit card
- IP Geolocation evaluate the risk of an ecommerce transaction
based on geography of consumer
- 3D Secure Verified By Visa & MasterCard SecureCode
- 3D Secure pre-authentication
- Cardholder Account Confirmation services (random micropayments
prior to charging the full amount)
- Collaborative fraud management services via our partner, Ethoca
Limited
17. FAC Awards
- In December 2005, FAC was acknowledged by a panel of
prestigious UK journalists who awarded FACs CEO with the European
CEO magazines Business Leader of the Year Award
- In determining selection criteria the panelists reviewed the
following criteria
- The contribution made to the global business process and the
integration of markets;
- The individuals speed of progress to the top of their
field;
- Exploitation of locations to enhance the effectiveness and
development of the business;
- Quality of product and the excellence of support service;
- Potential for growth and market dominance;
- The panel concluded that the FAC CEO had ensured secure and
flexible access to e-commerce, to businesses at all levels.
18. FAC Awards 19. FAC Awards
- FAC won the Bermuda Governments Technology Innovation of the
Year Award in April, 2008
- FAC won the coveted award for architecting and implementing 3D
Secure pre-authentication solutions for the Mexican consumer market
to facilitate a reduction in credit card fraud
- FAC was honoured for creatively using technology as a tool to
innovate the ecommerce industry