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FAC wins contract with Cayman power company

Caribbean contract: Bermudian-headquartered FAC will provide a payment processing system for a Caymanian power company

Payment services firm First Atlantic Commerce has won a contract to provide services to Grand Cayman’s power company.

The contract will see FAC providing the PowerPay online bill payment option for Caribbean Utilities Company customers.

Chris Burns, FAC CEO, said: “Our unique capabilities enables us to deliver utility companies a comprehensive payment solution and we are proud to work with CUC on this project.”

CUC customers can also use PowerPay’s simplified auto-pay system, as a result of tokenisation services provided by FAC.

The Caymanian company joined FAC’s platform last year to allow online Visa and MasterCard processing for bill payments.

Wayne McKenzie, CUC’s IT manager, said: “We selected FAC for their secure tokenisation and vault services and proven payment processing experience in the region.”