fac presentation - driving payment innovation
DESCRIPTION
FAC Presentation - Driving Payment InnovationTRANSCRIPT
- 1. First Atlantic Commerce Customer Presentation
2. Objectives
- Who is First Atlantic Commerce Ltd Some History
- What is unique about FACs solutions?
- FACs processing platform
- Acquiring Bank Relationships, PayPal, Ukash, Chexx
- Fraud Management Solutions
- FAC Awards
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
- Core Services include:--
-
- Internet Multi-Currency Transaction Processing Solutions
-
- 3-D Secure Payer Authentication
-
- Risk and Data Management Services/ Online Fraud Prevention
-
- Strategic Multi-jurisdictional Solutions
-
- 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
- Key Features
- Multi-jurisdictional, multi-currency settlement via a single interface
- Direct merchant accounts
- 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)
- IP Geolocation Services
- CVV2/CVC2/CID and AVS checks
- PCI Compliant Gateway
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:
-
- ScotiaBank International
-
- CAPITAL G Bank, Bermuda
- 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
- Slovak Koruna
11. Currencies
- Asia Pacific Solution --Pricing & Settlement Currencies
- British Pounds
- US Dollars
- Euro
- Canadian Dollars
- Swiss Francs
- Swedish Kronor
- Danish Krona
- Mauritius Rupees
- Japanese Yen
- Australian Dollars
- Hong Kong Dollars
- South African Rand
- Singapore Dollars
- United Arab Emirates Dirhams
- Kenyan Shillings
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
-
- 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