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Scotiabank joins forces with international payment gateway, First Atlantic Commerce, to offer 3D Secure solutions across the English Caribbean Region

admin — Sat, 14 Aug 2010 22:23:53 +0000

First Atlantic Commerce (FAC), a leading, international, multicurrency payment and risk management solutions provider, and Scotiabank, an international bank based in Canada and the leading bank in the Caribbean, have joined together to offer 3D Secure services to online merchants in 7 countries across the English Caribbean.Through this partnership, Internet merchants in the Caribbean will now be able to support 3D Secure for Verified by Visa and MasterCard SecureCode on their web sites for the first time. The service will be available to merchants in Jamaica, Bahamas, Barbados, Trinidad & Tobago, Anguilla, Turks & Caicos and Guyana with rollout to an additional 11 countries in the English Caribbean planned in the near future.”This is an extremely important service for online merchants,” said Andrea Wilson, CEO of First Atlantic Commerce. “The objective of 3D Secure is to reduce fraud through the verification of the cardholder at the time of payment in a ‘CardNotPresent’ environment, such as the Internet. When implemented, 3D Secure protects online merchants from the financial losses associated with “I didn’t do it” chargebacks. We are very excited about making this more available in the Region.”Both Visa and MasterCard offer chargeback liability shift for fraud related chargebacks when the transaction is authenticated through Verified by Visa and MasterCard SecureCode. This also includes liability shift for attempted Verified by Visa and MasterCard SecureCode requests, which means that even if the cardholder is not enrolled, the merchant is not liable for certain Reason Code chargebacks. So the benefits to both Scotiabank International and its merchants are significant.”The launch of this service to our existing and prospective Internet merchants is yet another way that Scotiabank is helping our clients in minimizing online fraud, while maximizing sales,” said Rob Macdonald Scotiabank’s Director, Merchant Acquiring Services. “We have worked with FAC for many years processing millions of dollars of credit card transactions for a range of businesses and Government bodies, and implementing 3D Secure is a natural next step in the evolution of our solutions to these important customers.”The benefits associated with 3D Secure:- Provides internet merchants with the ability to verify a consumer’s true identity through a secure, electronic, non “face to face” authentication process.- Enables all parties in an eCommerce payment transaction to transmit confidential and valid payment data- Provides verification to the merchant that the buyer is the authorized owner of a card account- Offers immediate protection from fraudrelated chargebacks (“I didn’t do it” chargebacks.)

FAC’s credit card merchant processing and risk mitigation solutions are compliant and PCI certified, and also available to banks and processors in other regions including Europe, CEMEA and Asia.

AIA Joins Pepsi Grant Program

admin — Sun, 07 Mar 2010 18:15:26 +0000

AIA Joins Pepsi Grant Program
The Aurora Ice Association has a chance of receiving a $250,000 grant to make improvements to its rink on Riley Street in East Aurora, but the group will need community support – and lots of it – to turn the opportunity into a reality. The money is available through the Pepsi Refresh Project, which began in February and is giving away more than $20 million in grants during 2010 to a wide variety …

Turcotte joins local hockey school

admin — Fri, 05 Feb 2010 20:29:36 +0000

Turcotte joins local hockey school
Former NHL star Darren Turcotte has joined forces with Youth Hockey Development, a local hockey school. Turcotte brings a wealth of experience from his days in the NHL and has plenty of experience when it comes to hockey schools.[...]

California United Bank Regional Manager Joins Santa Clarita Valley Economic Development Corporation Board of Directors

admin — Fri, 05 Feb 2010 17:36:28 +0000

California United Bank Regional Manager Joins Santa Clarita Valley Economic Development Corporation Board of Directors
ENCINO, Calif.—-California United Bank today announced that William Sloan, Senior Vice President and Santa Clarita Valley Regional Manager, has joined the Board of Directors of the nonprofit Santa Clarita Valley Economic Development Corporation .

David Yang Joins NISS as Research Associate to Work on Projects for NCES

admin — Mon, 01 Feb 2010 22:50:17 +0000

David Yang Joins NISS as Research Associate to Work on Projects for NCES
The National Institute of Statistical Sciences (NISS) is happy to announcement that David Yang has joined its staff as the Research Associate to work with the Education Statistics Services Institute (ESSI). ESSI provides technical expertise to the National Center for Education Statistics (NCES) in the areas of statistical methodology research, statistical analysis, survey development and project …

Yuri Kazakevich Joins Viking Systems as Vice President of Research and Development

admin — Wed, 27 Jan 2010 17:35:57 +0000

Yuri Kazakevich Joins Viking Systems as Vice President of Research and Development
WESTBOROUGH, Mass. — Viking Systems, Inc. , a supplier of 2D and 3D visualization systems for the medical market, announced today that Yuri Kazakevich has joined Viking as Vice President of Research and Development.