Banking Articles - Fac Wins Bermuda Innovation Award

Fac Wins Bermuda Innovation Award
First Atlantic Commerce wins Bermuda Government's Coveted Innovation of a Year Technology AwardFAC respected for originally regulating record as a apparatus to innovate a e-commerce attention Hamilton, Bermuda. Apr 30, 2008.  First Atlantic Commerce Ltd. (FAC), a heading international, multi-currency remuneration as well as risk government solutions provider, final week won a Bermuda Governments Ministry of Telecommunications & E-Commerces Innovation of a Year endowment for FACs online Consumer Authentication solutions. Organizations opposite a world-class, offshore monetary centres private, open as well as non-profit sectors that have been originally regulating record as a apparatus to innovate in their directed towards attention were nominated underneath assorted categories including: Best Interactive Experience, Best Local Website, Most Inspiring Technology Teacher, Best Business Solution Using Technology, Best Customer Service, Technology in a Environment, Most! Innovative Sponsor as well as tip difficulty Innovation of a Year.Bermudas Telecommunications as well as E-Commerce Minister, a Hon. Terry E. Lister, as well as Dion Tucker, Vice President of Information Technology for eventuality unite as well as insurance/reinsurance giant, RenaissanceRe,  presented a clear prize endowment for Innovation of a Year to FAC CEO, Andrea Wilson during a TechAwards luncheon hold upon Friday, Apr 25, 2008 during a Fairmont Hamilton Princess.Based upon criteria together with a indeed innovative record resolution that is commercially in make use of in Bermuda as well as utilizing Bermuda-based infrastructure and/or resources, a winning companys innovation  had to be a loyal showcase square for a Island, according to a row judges representing both Bermudas in isolation as well as Government sectors. FACs creation concerned implementing a singular standalone Verified by Visa as well as MasterCard SecureCode cardholder "authentication-only" resolution written for a burgeoning Mexican online commercial operation marketplace together with airlines, hotels as well as vast retailers.   Working in as well as with Latin Americas largest credit label estimate company, FAC implemented usually a consumer authentication member of a Card Associations 3-D Secure full remuneration solution, permitting a internal appropriation banks to establish chargeback guilt for their merchants in allege of a tangible remuneration contract authorisation, that is afterwards achieved locally by a processors in Mexico.  This sort of 3-D Secure doing is singular inside of this marketplace as well as obviously shows FACs endowment winning capability to be innovative with apply oneself to upon condition that turn-key, online consumer risk slackening solutions in rising markets where internal credit labe! l estimate already exists.       As a outcome of this sold solution, Mexican appropriation banks as well as merchants can see an evident rebate in online VISA as well as MasterCard credit label rascal by up to 85%.  Our Verified by VISA as well as MasterCard SecureCode usually resolution is approaching to significantly revoke credit label rascal for online merchants in Mexico as well as Latin America formed upon a Card Association manners ruling 3-D Secure online chargeback guilt shift, pronounced Wilson. FAC is now a single of a usually companies in a Latin American Caribbean Region charity customized consumer authentication-only risk solutions to appropriation banks as well as processors in further to a full apartment of alternative online risk solutions together with North American Address Verification services, CVV2 validation as well as Consumer Credit Card corroboration services. FACs online remuneration as well as risk slackening solutions have been additionally agre! eable as well as PCI certified, as well as accessible to banks! as well as processors in alternative regions together with Europe, CEMEA as well as Asia.  For some-more report upon FACs proceed to authenticating consumers online, banks as well as processors should hit info@fac.bm currently or revisit a companys website www.firstatlanticcommerce.com. About First Atlantic CommerceHeadquartered in Bermuda, as well as determined in 1998 to emanate secure card-based remuneration solutions for e-businesses, FAC provides absolute record written to work with most businessman platforms, together with Microsoft, UNIX, as well as LINUX platforms.  FACs cGate record offers service, coherence as well as confidence to conform to most commercial operation as well as bank acquirer requirements. Business solutions such as 3-D Secure Payer Authentication, IP Geolocation, Virtual Corporations as well as offshore multi-currency remuneration solutions have been accessible in assorted general jurisdictions.