First Atlantic CommerceCustomer Presentation

Objectives

1. Who is First Atlantic Commerce Ltd – Some History2. What is unique about FAC’s solutions?3. FAC’s processing platform4. Acquiring Bank Relationships, PayPal, Ukash, Chexx5. Fraud Management Solutions6. FAC Awards

Who is First Atlantic Commerce Ltd?

Established in 1998 – Bermuda and Grand Cayman 17 full time staff in Bermuda; 3 international Consultants Executives with over 25+ years experience in Information Technology,

Card Processing, Merchant acquiring and ecommerce solutions PCI Certified (2005/6/7/8/9), MasterCard MSP/TPP, VISA ISO Core Services include:--

Internet Multi-Currency Transaction Processing Solutions 3-D Secure Payer Authentication Risk and Data Management Services/ Online Fraud Prevention Strategic Multi-jurisdictional Solutions Payment consulting services

What is Unique About FAC Solutions?

We simplify business objectives for online businesses through implementation of creative payment solutions that others do not support or realize are possible….

We architect unique multicurrency, multi-jurisdictional processing solutions that allow global online businesses to expand into regions and countries where they would not be able to easily, nor without great cost, via a single interface to FAC’s platform

What is Unique About FAC Solutions?

FAC provides a ‘spring board’ for international acquirers and merchants to process ecommerce based transactions in multi-jurisdictional environments using a single PCI certified processing platform – simple and cost effective!

Excellent positioning for multi-currency payment solutions for global merchants requiring tactical international strategies for North America, Latin America, Asian and European markets

FAC merchants connect to FAC via a single interface but may have acquiring relationships in multiple countries to diversify volumes and expand business/corporate strategies

FAC provides multi-currency credit card processing as well as alternative payment options including PayPal, Ukash, check issuing services and EFT (electronic funds transfer)

FAC’s Payment Processing PlatformReal-Time Payment Processing & Web-Based Reporting

Integrating to our secure gateway enables merchants to offer a range of multi-currency processing options on their web sites including Visa, MasterCard, American Express (Europe),PayPal, Ukash, Check Issuing services and EFT or ACH within the US.

European debit capabilities will be available soon including Maestro, iDeal and Recurring debit payments

Transaction functions include pre-authorisations, auth-only ($0 included) Captures, Reversals, Refunds, 3D Secure-only, AVS-only, CVV2 match checks

Real-time reporting is available to assist with quick response times, managing customer expectations and service levels

FAC’s Payment Processing PlatformKey Features Multi-jurisdictional, multi-currency settlement via a single interface Direct merchant accounts Batch processing (real time and offline file upload) Call Centre web applications Virtual Terminal (back office support) Mail Order/Telephone Order (MO/TO) Repeat and Subscription Billing Secure web-based transaction reporting Web-based chargeback reports 24 x 7 telephone, web and email emergency technical support 3-D Secure™ - multi-regional certifications in place (EU, CEMEA, LACR) IP Geolocation Services CVV2/CVC2/CID and AVS checks PCI Compliant Gateway

Acquiring Bank RelationshipsFAC is certified to many bank processors and acquirers in the Caribbean including Panama and Bermuda, Mexico, the UK, Europe, and Mauritius.

Some of the banks that we work in the Latin American Caribbean Region include: ScotiaBank International CAPITAL G Bank, Bermuda

FAC has access to several Pan European Acquiring banks that support multi-currency credit card processing at competitive rates

CurrenciesAvailable Currencies are dependent on the solution you choose for your merchant acquiring.

Pan Europe Solution -- Pricing & Settlement Currencies

Euro Pound Sterling US DollarsSwiss Franc Norwegian KronerSwedish KronaDanish Krone Japanese Yen Canadian DollarAustralian Dollar Hong Kong Dollar Saudian Arabian RiyalsCypriot Pound South African Rand Icelandic KronaThai Baht New Zealand Dollar Singapore DollarCzech Koruna Polish Zloty Hungarian ForintMaltese Lira Latvian Lat Lithuanian LitasSlovak Koruna

CurrenciesAsia Pacific Solution -- Pricing & Settlement Currencies • British Pounds • US Dollars • Euro• Canadian Dollars• Swiss Francs• Swedish Kronor • Danish Krona • Mauritius Rupees • Japanese Yen • Australian Dollars • Hong Kong Dollars • South African Rand • Singapore Dollars • United Arab Emirates Dirhams • Kenyan Shillings 

Currencies

Latin American Caribbean Region Solution

All South American, Caribbean and Central American currencies are available through acquirers in the LACR with settlement to US Dollars

Examples of currencies include: Argentine Peso, Colombian Pesos, Bolvian Boliviano, Brazilian Reals, Chilean Pesos, Costa Rica Colons, Belize Dollars, Canadian Dollars, US Dollars, Bahamas Dollars, Jamaican Dollars, Cayman Island Dollars etc.

UkashConsumers can pay quickly, simply & anonymously

Online merchants can redeem Ukash vouchers through a check-out function via our payment gateway

Redemption is in real-time and with zero chargeback liability (treated as cash)

Consumers can purchase Ukash vouchers in the UK, France, Spain, Germany, the Netherlands, Sweden, Portugal, Russia, Poland, South Africa, Ireland, Cyprus, Australia, New Zealand, Canada, and Uruguay.

Ukash will soon be able to be purchased via Mobile devices with debit to bank accounts – but then redeemable online at registered web sites

Ukash provides a guaranteed alternative to credit cards in markets where Issuers may be blocking transactions or consumers want to remain anonymous

PayPal

Consumers can shop securely and pay quickly

Leverage FAC’s relationship with PayPal to accept card brands, along with PayPal, through one single host

Through our interface, PayPal supports payments for merchants with registered business entities in the European Union including the UK, the Netherlands, France, Germany and Spain

Consumers are able to buy goods in their local currency, and the transaction is settled in the currency of the country where the merchant PayPal bank account is registered

With a network of more than 190 countries and regions, and in multiple currencies, PayPal reaches across the globe to give you or your business a way to pay or get paid

ChexxCheck Issuing and Electronic Funds Transfer (EFT)/ACH

Fast and affordable outgoing payment remittance and refunding solutions via our payment gateway

We can provide for issuing and disbursing high volumes of checks and electronic funds transfers (EFT & ACH) in local currencies to payees in over 65 countries via our relationship with Chexx Inc

Ideal for merchants who need to send incentives, rewards, refunds, prizes or commissions

Check issuing or electronic funds transfers (EFT) in over 30 currencies to companies or individuals across the globe

Fraud Management Solutions

FAC provides online merchants with data to help them protect their businesses from fraudulent transactions, chargebacks and unauthorized payments

Address Verification Services (AVS) – screens customer by comparing billing address to cardholder’s credit card statement

Card Verification Code -- CVV2/CVC2/CID – validates security code found on back of credit card

IP Geolocation – evaluate the risk of an ecommerce transaction based on geography of consumer

3D Secure™ – Verified By Visa & MasterCard® SecureCode™ 3D Secure™ pre-authentication Cardholder Account Confirmation services (random micropayments prior

to charging the full amount) Collaborative fraud management services via our partner, Ethoca Limited

FAC AwardsIn December 2005, FAC was acknowledged by a panel of prestigious UK journalists who awarded FAC’s CEO with the European CEO magazine’s “Business Leader of the Year Award”

In determining selection criteria the panelists reviewed the following criteria… The contribution made to the global business process and the integration

of markets; The individual’s speed of progress to the top of their field; Exploitation of locations to enhance the effectiveness and development of

the business; Quality of product and the excellence of support service; Potential for growth and market dominance; The panel concluded that the FAC CEO had ensured secure and flexible

access to e-commerce, to businesses at all levels.

FAC Awards

FAC Awards

FAC won the Bermuda Government’s Technology “Innovation of the Year Award” in April, 2008

FAC won the coveted award for architecting and implementing 3D Secure pre-authentication solutions for the Mexican consumer market to facilitate a reduction in credit card fraud

FAC was honoured for creatively using technology as a tool to innovate the ecommerce industry