This follows the forging of a new partnership between international payment and risk management solutions provider, First Atlantic Commerce (FAC), and the Bank of Nova Scotia, a deal that enables merchants here and in six other Caribbean countries to do more business online.
In what the two enterprises are calling new 3D Secure services, they said in a press release that businesses in Barbados would be able to provide a number of services including:
• providing Internet merchants with the ability to verify a consumer’s true identity through a secure, electronic, non face to face authentication process.
• enable all parties in an eCommerce payment transaction to transmit confidential and valid payment data.
•provide verification to the merchant that the buyer is the authorised owner of a card account.
•offer immediate protection from fraud related chargebacks.
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