| First Atlantic Commerce (FAC), a leading, international, | | | | provides clients with advanced technology for fighting |
| multi-currency payment gateway and risk | | | | fraud in a card-not-present environment. The |
| management solutions provider, and WorldNet TPS, a | | | | advantage of this online authentication step for |
| leading European payment gateway based in Dublin, | | | | merchants is a reduction in unauthorized transaction |
| today announced their collaboration to fight fraud for | | | | chargebacks. |
| WorldNet customers across Ireland, the UK and | | | | John Clarke, Head of Product Innovation at WorldNet |
| Europe. | | | | said: "FAC's standalone 3-D Secure solution is helping |
| FAC offers customized consumer authentication-only | | | | us provide our clients with another means to combat |
| risk solutions to merchants, acquiring banks and | | | | chargebacks and credit card fraud. It is an excellent |
| processors in addition to a full suite of online payment | | | | solution and we are pleased to work co-operatively |
| solutions to merchants across Europe, the Asia Pacific | | | | with FAC to offer it to our customers." |
| and Latin America Caribbean Region. | | | | Added Christopher Burns, FAC's SVP of International |
| WorldNet was founded in 2007 to provide online and | | | | Business Development: "We are excited to be a part |
| mobile payment gateway services to domestic and | | | | of WorldNet's online fraud prevention strategy. Our |
| international ecommerce merchants. The company | | | | fraud management solutions provide proven online |
| has selected FAC for its 3-D Secure-only service, | | | | protection and we look forward to a long and |
| which is a fully compliant payer authentication solution | | | | rewarding relationship with WorldNet." |
| for Verified by Visa and MasterCard SecureCode, and | | | | FAC's online payment and risk mitigation solutions are |
| designed to protect international online merchants | | | | compliant and PCI certified, and also available to |
| from fraudulent transactions. | | | | banks and processors in other regions including |
| The addition of FAC's 3-D Secure solution to | | | | Europe, CEMEA and Asia. |
| WorldNet's security and fraud prevention suite | | | | |