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FAC expands services into Central America

Growth: Bermudian payment processing technology firm First Atlantic Commerce is expanding into Central America

Payments technology company First Atlantic Commerce has expanded its online card-processing services across Central America.

The Bermudian-based payment gateway can now offer payment solutions to merchants in Costa Rica, Honduras, El Salvador, Guatemala and Nicaragua through a new integration to a processor in the region.

FAC said its new reach would add to its credit and debit card processing offering to companies and banks in Europe, Mauritius, the US, Canada, Panama, Bermuda and across the Caribbean and “positions FAC as the most well-connected gateway in the Central American and Caribbean territories”.

The online credit card processing and settlement will apply to multiple Central American currencies, including Costa Rican colones, Honduran lempira, Guatemalan quetzal, Nicaraguan córdoba and Panamanian balboa.

FAC provides the first Payment Card Industry Security Standards Council-validated point-to-point encryption call centre solution for companies in Latin America Caribbean, further enhancing this new offering across Central America.

Chris Burns, CEO of FAC, said: “FAC provides a best-in-class, feature-rich payment gateway to help merchants get paid and grow their business. E-commerce in Central America is growing and we are delighted to be a part of that development by servicing companies based in these jurisdictions.”