PriceSmart Chooses FAC for Secure, Online Credit Card Processing Services

First Atlantic Commerce delivers online payment solution to membership warehouse club operator, PriceSmart, Inc.

Hamilton, Bermuda, April 10, 2010 --( First Atlantic Commerce (FAC), an international, multi-currency online payment and risk management solutions provider, today announced they are working with PriceSmart, Inc (NASDAQ: PSMT), an operator of U.S. style membership warehouse clubs in Central America and the Caribbean, to enable PriceSmart members in the Caribbean to shop online.

FAC is a PCI-certified, Internet payment solutions provider dedicated to providing international businesses with custom, online payment solutions. FAC is now providing online payment processing services for PriceSmart in Trinidad & Tobago, and will soon roll out services in Barbados, Jamaica and the US Virgin Islands.

FAC's payment gateway is connected to PriceSmart's website to provide the company with sales via online, real-time Visa and MasterCard processing. Funds are settled to PriceSmart's merchant account at Scotiabank, an international bank headquartered in Canada, and a leading bank in the Caribbean.

"We selected FAC because of their long-standing relationship with Scotiabank and excellence in providing multi-currency credit card processing services to clients in the Latin American and Caribbean Region," said Atul Patel, SVP & Treasurer at PriceSmart.

Added Chris Burns, FAC's SVP of Business Development: "We are naturally excited to be assisting PriceSmart with their online payment needs in Trinidad & Tobago and look forward to rolling out payment solutions in some of the other countries they serve in the Caribbean."

For more information on FAC, please visit For more information on PriceSmart, please go to

About First Atlantic Commerce
First Atlantic Commerce (FAC) is a leading international payment gateway, multi-currency payment, risk management, online payment solution provider. For more information on online payment gateway services visit

First Atlantic Commerce
Neil Tug