Media release article

FAC teams up with Ukash for alternative payment options in Europe and emerging online consumer markets

First Atlantic Commerce (FAC), a leading, international, multi-currency online payment and risk management solutions provider, and Ukash, a leading online cash payment solution,have teamed up to offer Ukash payment options to FAC's merchants in the Latin American Caribbean Region, UK and Europe.

Ukash, which is regulated by the UK Financial Services Authority (FSA), combines the timeless simplicity of cash with the benefits of the internet to create a simple and unique payment solution that allows consumers to buy securely, anonymously and privately online.

FAC, a secure, PCI certified payment gateway that offers a range of payment options to its merchants including Visa, MasterCard, American Express and PayPal, has added Ukash to its payments platform, which means that FAC merchants can now easily accept risk-free cash payments on their website.

The move gives merchants access to, and retention of, new consumer markets including customers that do not want to disclose their financial details online, and those that do not have access to credit and debit cards.

Ukash has become a globally-recognised payment method that enables online transactions using cash. Merchants benefit from accepting Ukash because the system opens up new consumer markets, while offering freedom from credit and debit card fraud, repudiations and charge-backs.

FAC merchants can now access Ukash together with PayPal and a range of card brands for credit card processing through a single interface.

Andrea Wilson, FAC's Chief Executive Officer, said: "We are excited about the addition of Ukash to our payments platform. First Atlantic Commerce continually strives to add value for our merchants, and this integration will give them an additional option for their customers to make online payment for goods and services. It also enables merchants to access additional and alternative payment options in emerging markets like Brazil, Uruguay,Russia and Poland."

Mark Chirnside, Chief Executive Officer at Ukash, said, "The mission for Ukash is to make online shopping available to anybody, anywhere in the world and this deal with FAC is the next step towards realizing that goal. FAC works across a broad range of exciting sectors on a truly global scale so being added to FAC's payment platform will make Ukash available to thousands of new merchants who can then enable their customers to enjoy the benefits of using cash to shop, pay and play online."