FAC signs on to foster the development of FinTech ecosystem in Trinidad & Tobago and across the Caribbean
Hamilton, Bermuda –May 26, 2022. First Atlantic Commerce (FAC), the premier online payment solutions provider in the Caribbean and Central America, today announced its alliance with The FinTech Association of Trindad & Tobago (Fintech TT), a not-for-profit organization that provides open membership to FinTech startups and tech companies, working closely with Government and regulators.
FAC is a Bermuda-based, feature-rich ecommerce payment gateway that delivers customized and flexible online credit and debit card processing to companies across the Caribbean and Central America. The company also provides the first and only PCI validated Point-to-Point Encryption solution for companies in the Caribbean Region as well as additional risk mitigation solutions.
Fintech TT is one of the pillars of the FinTech Roadmap for Trinidad & Tobago, which is a strategic plan for the country to become a FinTech enabled financial services hub. Led by a volunteer group of members who see the potential to improve the delivery of financial services in Trinidad & Tobago and the wider Caribbean, the Association aims to be a driving force in the sustained development of FinTech solutions that put financial services within the reach of the unbanked and underbanked.
FAC advocates for the development of digital financial services in FinTech and is passionate about providing assistance and education.
“We at FAC aim to drive change in the FinTech ecosystem,” said Tricia Lines Hill, FAC’s SVP of Business Development and Marketing. “FinTech can lower market entry barriers and serve traditionally unbanked areas of the payment network. We provide as much education as we can around payments, especially in the ecommerce space. We are thrilled to join FinTech TT as a member to help facilitate fintech evolution in the region.”
FinTech TT Association Director, Public Education and Brand Development, Tracy Hackshaw noted: “We welcome First Atlantic Commerce as a member in our quest to enable an interconnected, cash-less society made possible by flourishing FinTech companies and innovation in the sector. As industry experts, FAC can certainly provide assistance in the education of our members and facilitation of new payment opportunities for domestic and regional participants.”
About First Atlantic Commerce
First Atlantic Commerce (FAC) is a leading online payment solutions provider that specializes in the Caribbean and Central America. FAC is headquartered in Bermuda and was established in 1998 to create secure card-based payment solutions for online businesses. FAC provides merchants with multi-currency payment solutions, tokenization services and PCI validated Point to Point Encryption solutions. As well, FAC provides merchants and banks with fraud management services including AVS-only, CVV, 3-D Secure™ and Kount’s fraud control system, in multiple jurisdictions across the Latin American Caribbean Region.