FAC partners with Kount to deliver fraud detection and prevention services to its merchants
Hamilton, Bermuda & Boise, Idaho. June 5, 2013. First Atlantic Commerce (FAC), a global online payment solutions provider, today announced the addition of Kount, a comprehensive risk management and fraud protection service, to the FAC payments platform to protect its merchants against card-not-present fraud.
Kount provides merchants with a turnkey, flexible, end to end solution that reduces fraud without jeopardizing sales. The company manages transactions from over 200 countries and evaluates orders in 180 different currencies.
FAC is a Bermuda-based, feature-rich payment gateway that was established in 1998 to deliver customized and flexible online credit and debit card processing to international corporations across the globe. The company also provides alternative payment solutions and stand-alone fraud solutions to its merchants.
Online fraud continues to increase in size, sophistication and speed, which means that an all-in-one fraud management system is crucial for online merchants to not only detect fraudulent transactions, but to reduce decline rates on suspicion of fraud. Kount provides a proactive, strategic approach to fraud management that helps customers prevent fraud before it occurs.
CEO of FAC, Chris Burns said: “We researched and considered all of the top-level suppliers in this space to find the right solution for our merchants. Kount was the obvious choice. We are delighted to be working with Kount to enable our merchants to increase sales, and significantly reduce chargebacks and fraudulent transactions.”
“Fraud is a global problem and Kount looks to partner with industry leading companies like First Atlantic Commerce to help mitigate fraud all over the world,” said Brad Wiskirchen, CEO Kount. “FAC’s dedication to enterprise-level solutions, customer service, and empowering merchants to achieve their goals makes them a perfect fit for Kount.”
About First Atlantic Commerce
First Atlantic Commerce (FAC) is a leading global, online payment solutions provider. Headquartered in Bermuda, and established in 1998 to create secure card-based payment solutions for e-businesses, FAC’s cGate® technology offers service, flexibility and security to adapt to many business and bank acquirer requirements. FAC provides merchants with multi-currency payment solutions in addition to fraud risk management services including AVS-only, CVV2/CVC2/CID verification, 3-D Secure™ and Kount’s fraud control system, in multiple jurisdictions across Europe, Mauritius and the Latin American Caribbean Region. For more information on First Atlantic Commerce, please visit www.firstatlanticcommerce.com
About Kount
Kount delivers an all-in-one fraud and risk management solution for companies operating in card-not-present environments looking to simplify their fraud/risk operations and dramatically improve bottom line profitability. Kount provides a single, turnkey fraud solution that is easy-to-implement and easy-to-use. Kount’s proprietary technology has reviewed hundreds of millions of transactions and provides maximum protection for some of the world’s best-known brands. For more information about Kount, please visit www.kount.com
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