Bermuda-based First Atlantic Commerce (FAC), an international, multi-currency payment gateway and risk management solutions provider, and WorldNet TPS, a European payment gateway based in Dublin, has joined forces to fight fraud with the launch of a new service for WorldNet customers across Ireland, the UK and Europe.

FAC offers customised consumer authentication-only risk solutions to merchants, acquiring banks and processors, in addition to a full suite of online payment solutions to merchants across Europe, the Asia Pacific and Latin America Caribbean Region.

WorldNet was founded in 2007 to provide online and mobile payment gateway services to domestic and international ecommerce merchants.

The company has selected FAC for its 3-D Secure-only service, which is a fully compliant payer authentication solution for Verified by Visa and MasterCard SecureCode, and designed to protect international online merchants from fraudulent transactions.

The addition of FAC's 3-D Secure solution to WorldNet's security and fraud prevention suite provides clients with advanced technology for fighting fraud in a card-not-present environment.

The advantage of this online authentication step for merchants is a reduction in unauthorised transaction chargebacks.