FAC, MITec and UKASH extend their partnerships to provide
alternative cash and ecommerce payment solutions to consumers in
the burgeoning Mexican market
Hamilton, Bermuda, Mexico City, Mexico & London, UK.
July 13, 2010. First Atlantic Commerce (FAC), an
international, online payment gateway and fraud management
solutions provider, Mercadotecnia Ideas y Tecnología (MITec), a
leading transactional payments company in Mexico, and Ukash®, a
global online alternative cash payment provider, today announced
the addition of Ukash voucher payment solutions including
multi-currency voucher issuing, and full and partial voucher
redemptions, to the Mexican market.
Processing is conducted securely over FAC's Internet payment
platform allowing for real-time issuing and redemption of Ukash
vouchers in Mexican Pesos. MITec has implemented Ukash
in over 600 point of sale retail outlets in Mexico, and will expand
to Internet Ukash purchasing and redemption by the end of the
2010. Ukash vouchers purchased in Mexico can be redeemed at
any ecommerce merchant accepting Ukash vouchers online, opening up
the Mexican consumer market to the global Internet economy.
Ukash, the fast growing global e-commerce payment solution,
announced that Mexico will add to their existing deployment of
countries issuing vouchers in the Latin American market, including
Uruguay and Colombia. In a continued effort to bring easy,
controlled and anonymous online cash payments to everyone including
those without credit or debit cards from anywhere in the world,
Ukash, in conjunction with MITec and FAC, has now entered the
Mexican market where there are over 15 million unbanked consumers
looking for cash payment solutions.
Ukash and FAC ramped up their collaboration in June 2010 to
offer online merchants full and partial value voucher redemption
payment methods in Europe and emerging online consumer
markets. MITec and FAC have been offering online merchants
secure, fraud and risk management ecommerce payment solutions in
Mexico for the past 18 months.
"This is a significant payment solution launch with MITec, FAC
and Ukash providing a fully integrated and secure alternative cash
payments solution for both physical retailers selling Ukash through
a POS system, and Internet merchants who wish to offer Ukash as a
payment method," said Chris Burns, SVP Business Development at
First Atlantic Commerce. "We expect the Ukash payment brand
to expand rapidly in Mexico where demand for risk-free payment
solutions for banked and unbanked consumers is growing
exponentially."
Paul Coxhill, Ukash Marketing Director, said "The launch of
Ukash into Mexico is an exciting addition to our rapidly growing
footprint, providing the ability for consumers to digitize their
cash in yet another market and enabling our merchant partners to
access this important consumer segment."
Ukash, which is regulated by the UK Financial Services Authority
(FSA), combines the timeless simplicity and risk free nature of
cash with the benefits of FAC's payment platform to create a simple
and unique payment process that allows consumers to buy securely
and privately online.
FAC, a secure, PCI-certified payment gateway, offers a range of
credit card processing and alternative payment options to online
merchants across the Latin American Caribbean Region, UK and
Europe. FAC has developed its payments platform to include
various alternative payment methods in addition to its core online
card processing services. FAC merchants can access Ukash together
with multicurrency acquiring, global check issuing services,
Electronic Funds Transfer (EFT) and a range of card brands for card
processing through a single, secure interface.
For more information on how you can start accepting Ukash via
FAC's platform, contact FAC at info@fac.bm