WorldNet Chooses First Atlantic Commerce for 3-D Secure Authentication-Only Fraud Management Tool
First Atlantic Commerce joins forces with WorldNet to mitigate credit card fraud for WorldNet merchants across Ireland, UK and Europe
Hamilton, Bermuda, March 27, 2010 --(AllPayNews)-- First Atlantic Commerce (FAC), a leading, international, multi-currency payment gateway and risk management solutions provider, and WorldNet TPS, a leading European payment gateway based in Dublin, today announced their collaboration to fight fraud for WorldNet customers across Ireland, the UK and Europe.
FAC offers customized consumer authentication-only risk solutions to merchants, acquiring banks and processors in addition to a full suite of online payment solutions to merchants across Europe, the Asia Pacific and Latin America Caribbean Region.
WorldNet was founded in 2007 to provide online and mobile payment gateway services to domestic and international ecommerce merchants. The company has selected FAC for its 3-D Secure-only service, which is a fully compliant payer authentication solution for Verified by Visa and MasterCard SecureCode, and designed to protect international online merchants from fraudulent transactions.
The addition of FAC's 3-D Secure solution to WorldNet's security and fraud prevention suite provides clients with advanced technology for fighting fraud in a card-not-present environment. The advantage of this online authentication step for merchants is a reduction in unauthorized transaction chargebacks.
John Clarke, Head of Product Innovation at WorldNet said: "FAC's standalone 3-D Secure solution is helping us provide our clients with another means to combat chargebacks and credit card fraud. It is an excellent solution and we are pleased to work co-operatively with FAC to offer it to our customers."
Added Christopher Burns, FAC's SVP of International Business Development: "We are excited to be a part of WorldNet's online fraud prevention strategy. Our fraud management solutions provide proven online protection and we look forward to a long and rewarding relationship with WorldNet."
FAC's online payment and risk mitigation solutions are compliant and PCI certified, and also available to banks and processors in other regions including Europe, CEMEA and Asia.