signed a new e-commerce deal in Curacao and Aruba.

First Atlantic has signed a deal with Maduro & Curiel's Bank (MBC), the largest commercial bank in the Dutch Caribbean, which will see millions of dollars processed through a multi-currency payment and pricing mechanism provided by First Atlantic.

"We are pleased to be building our e-commerce offering with enhanced products and services to answer the ever changing needs of the industry,''said Ron Gomez Casseres, managing director of MBC.

"Adding First Atlantic Commerce's technology to our infrastructure allows us to compete with e-commerce banks and jurisdictions around the world.'' First Atlantic was set up in 1998 and has been aggressively looking for business both in Bermuda and around the world. It is now targeting marketing its software in the Caribbean and in South America.

According to First Atlantic, the globalisation of e-commerce, multi-currency solutions have become a must for many businesses, and MBC chose them because they are a leader in the field.

MBC is hoping to use the new deal to grow its business-to-business electronic business coming out of Latin America and says it will continue to look at ways of promoting Curacao, the Netherlands Antilles and Aruba as offshore domiciles and the place where businesses want to do business.

"First Atlantic Commerce is pleased to be assisting Maduro & Curiel's Bank with their e-commerce initiative and to further promote the Netherlands Antilles as an e-commerce jurisdiction,'' said Andrea Wilson, Chief Executive Officer of First Atlantic.

"Maduro & Curiel's Bank joins a distinguished list of innovative banks world-wide which are leading the way in the e-commerce economy.'' MBC was established in 1916 and has been affiliated with Caribbean-based ScotiaBank since 1970. The bank says it has been a leader in banking innovation in the Caribbean and launched its e-commerce capabilities earlier this year hoping to capture opportunities provided in the market.