First Atlantic Commerce, a Bermuda e-commerce solution provider and Cardservice International, a US-based transaction processing and payment solution provider, have announced they will jointly offer international payment solutions to US and European clients.

The new service - which is being called cGateWorld - is the first joint Internet payment service offering from Cardservice and First Atlantic Commerce (FAC).

With cGateWorld, First Atlantic Commerce and Cardservice International can provide merchants who expand into the global arena with international e-commerce solutions for multicurrency pricing and split jurisdictional payment settlement.

Global multi-currency services allow customers and merchants to transact business in their currency choice. In addition, split jurisdictional settlement enables US merchants to settle domestic credit transactions in the United States, but have payments with universally accepted cards, such as MasterCard and Visa, settled to an international jurisdiction.

FAC chief executive officer Andrea Wilson said: “As the needs of international merchants who sell goods and services online have grown and become increasingly more complex, we have continually evolved our e-commerce solutions with new capabilities.”

First Atlantic Commerce, an e-commerce provider since 1998, specialises in consulting services to subscriber banks for Internet capability and secure payment solutions for online merchants. Through custom software systems, the company connects merchants to major international credit card processors, as well as numerous globally recognised banks, ensuring fast and secure transaction processing.