First Atlantic Boosts Fraud Protection System
Bermuda’s First Atlantic Commerce [FAC], a global online payment solutions provider, announced the addition of Kount, a comprehensive risk management and fraud protection system, to its payments platform to protect its merchants against card-not-present fraud.
Kount provides merchants with a turnkey, flexible, fully integrated solution designed to help businesses beat fraud and boost sales by reducing the resources needed to battle fraud. Its platform protects many of the leading global brands operating in card-not-present environments, managing daily transactions in more than 200 countries worldwide and orders in 180 different currencies.
FAC is a Bermuda-based, feature-rich payment gateway that was established in 1998 to deliver customised 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.
A Kounts spokesperson said: “Online fraud continues to increase in size, sophistication and speed. An all-in-one fraud management system is crucial for online merchants to not only detect and prevent fraudulent transactions, but to maintain a positive customer experience by reducing decline rates on legitimate transactions assumed to be fraudulent by other systems. Kount’s proactive, strategic approach to fraud management and real-time threat management 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.”
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