Bermuda e-company First Atlantic Commerce has unveiled a comprehensive risk management solution which is aimed at helping banks efficiently manage e-commerce services

The company announced its new service SecureRisk yesterday, stating it is designed for banks interested in offering a full suite of e-commerce acquiring solutions.

The company said FAC SecureRisk leverages First Atlantic's e-commerce experience and resources to offer an end-to-end solution to acquiring banks interested in attracting and supporting e-business.

"We developed this program to assist our financial institution clients with implementation of a successful and competitive e-commerce service to attract new e-business to their organisation," said Andrea Wilson, chief executive officer of First Atlantic Commerce.

"It is critical for banks to introduce a well risk-managed e-commerce programme to enhance profitability and reduce potential liability. With FAC SecureRisk, we can guide banks every step of the way from the initial strategic planning phase straight through to the implementation and sustaining of their e-business clients using best practices and risk management policies."

First Atlantic has developed expertise in both the development of secure e-commerce technology, as well as the management of e-commerce services, through its work with both acquiring institutions, as well as online businesses, the company said.

The new FAC SecureRisk solution addresses the four key business phases for acquirer banks - Strategic Planning, Needs Analysis, Project Planning and Implementation, and Risk Management - and provides central management of these components.

In addition to FAC SecureRisk, First Atlantic said it delivers scalable, secure payment technologies, as well as e-commerce business options, such as multiple jurisdiction settlement, that can be adapted to meet many different corporate needs.

Ricardo Escalante, Director of Provident Bank and Trust said: "We hand-picked First Atlantic Commerce to help us with our commerce solution because they have proven expertise and knowledge of banking and acquirer requirements in the Caribbean and Latin America region. In addition, First Atlantic Commerce also has first-class epayment technologies, making it a one-stop commerce provider."

For more information http://www.firstatlanticcommerce.com/ac_rm.html