FAC and Core Technologies collaborate
First Atlantic Commerce, and Core Technologies, today announced a collaboration to enable Core Technologies UnderWriter insurance platform clients to accept online payments.
FAC is a Bermuda-based, payment gateway that delivers customised online credit and debit card processing to companies across the Caribbean and Central America. The company also provides PCI validated P2PE solution for companies in the Latin American Caribbean Region as well as risk mitigation solutions to its merchants, banks and other gateways.
A spokesman for the company said UnderWriter is the ultimate property and casualty insurance software package for insurers in the Caribbean
“Developed in the Caribbean and used by 19 insurance companies and three insurance brokers, operating in 19 different Caribbean territories, the platform is renowned for its continuous development and feature rich modules,” the spokesman said.
All insurance-related processes for underwriting, reinsurance, insurance accounting, and claims, including litigation management and salvage management, are available within the system, which utilises a built-in document manager.
UnderWriter has integrated to FAC’s payment gateway so that its customers can accept credit and debit card payments using FAC’s payment platform with settlement to local banks in the Caribbean.
Gulf Insurance Limited in Trinidad & Tobago was the first merchant to go live using the integrated system.
“We at Gulf took the decision to use UnderWriter as our P & C software four years ago, and to date we are 100 per cent pleased with the constant development, support and guidance in implementing new features that are made available to us on a monthly basis,” said Gulf’s managing director Jason Clarke. “When Core intimated that they needed a pilot company to go online, we were ready. Then came FAC with their exceptional knowledge and professionalism. FAC, working in combination with Core and our other teams, got this development completed in very short order. We have no hesitation in recommending either FAC or Core in their respective areas of competencies.”
Managing director of Core Technologies, Calvert Asphall, said: “We are excited to have integrated with the Caribbean’s preferred gateway, and are pleased with the launch of our first pilot merchant. This will save other insurance companies time and resources in setting up their online payment acceptance component.”
Christopher Burns, FAC chief executive officer said they were pleased to be working with Core Technologies’ UnderWriter platform to provide their customers with quick payment processing access across the Caribbean.
“Our payment platform is the ideal choice for insurers that require a custom card payment experience for their clients in a secure environment,” he said.
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