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First Atlantic Commerce To Expand Merchant Network

by Robert Lee,, London

26 October 2006

Bermuda-based First Atlantic Commerce Ltd (FAC), a leading eCommerce payment solutions provider, has announced it is looking to further expand its network of referral companies, and is offering multi-currency residual income streams for applicable approved merchants in EUROs, USD, and Pounds Sterling.

FAC provides sophisticated eCommerce payment processing and 3-D Secure ™ authentication solutions in Europe and the Latin American Caribbean Region (LACR). The company has been able to place eCommerce merchants in various industries including VoIP, pre-paid cards, online pharmacies, herbal supplement providers, travel companies, retail, electronics, car rentals, electronic cash and alternative payment solutions.

After what the company says is its success in placing large international merchants across multiple jurisdictions, FAC is now looking to expand its referral network further into the US, Europe and the Latin American Caribbean Region, and is particularly interested in discussing opportunities with established eCommerce referral organizations, web hosting companies and advisory services, who are looking to source turn-key multi-currency eCommerce payment processing solutions for their mainstream merchants.

FAC currently has referral contracts with businesses from a wide spectrum of the eCommerce industry as well as international advisory services that provide strategic planning and operational support to their customers.

The company’s merchant referral program enables merchant referral partners to offer international credit card payment solutions and fraud management services to their merchants, while earning applicable, ongoing, multi-currency residuals.

“We work closely with each partner to educate them on our many international solutions, and we offer recurring revenue structures and commission payments in multiple currencies, which serves to maximize their profit potential,” said Glyn Hoskins-Turner, Director of International Business Development.

Headquartered in Bermuda, and established in 1998 to create secure card-based payment solutions for e-businesses, FAC provides technology designed to work with most merchant platforms, including Microsoft®, UNIX, and LINUX platforms. FAC’s cGate® technology offers service, flexibility and security to adapt to many business and bank acquirer requirements. Business solutions such as 3-D Secure™ Payer Authentication, Virtual Corporations and offshore multi-currency payment solutions are available in various offshore jurisdictions.

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