The Bermudian online payment solutions provider, First Atlantic Commerce, has announced an alliance with the FinTech Association of Trinidad & Tobago, a not-for-profit organisation that provides open membership to fintech start-ups and tech companies, working closely with government and regulators.

FAC said it signed on to foster the development of the fintech ecosystem in Trinidad & Tobago and across the Caribbean.

FAC is a feature-rich, e-commerce payment gateway that delivers customised and flexible online credit and debit card processing to companies across the Caribbean and Central America.

The company also provides the first and only PCI validated point-to-point encryption solution for companies in the Caribbean region as well as additional risk mitigation solutions.

FAC said it advocates for the development of digital financial services in fintech and is passionate about providing assistance and education.

Tricia Lines Hill, FAC’s SVP of business development and marketing said the company aims to drive change in the fintech ecosystem.

She said: “Fintech can lower market entry barriers and serve traditionally unbanked areas of the payment network. We provide as much education as we can around payments, especially in the e-commerce space.

“We are thrilled to join FinTech TT as a member to help facilitate fintech evolution in the region.”

FinTech TT Association director, public education and brand development, Tracy Hackshaw noted: “We welcome First Atlantic Commerce as a member in our quest to enable an interconnected, cashless society, made possible by flourishing fintech companies and innovation in the sector.

“As industry experts, FAC can certainly provide assistance in the education of our members and facilitation of new payment opportunities for domestic and regional participants.”