Tyco Integrated Security and EVERTEC Partner to Provide Financial Institutions with Cost-Effective Security Solutions

Tue Jul 16, 2013 9:30am EDT

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Tyco Integrated Security and EVERTEC Partner to Provide Financial Institutions with Cost-Effective Security Solutions

Tyco Integrated Security, a Tyco (TYC) company and the industry’s leading security systems integrator and EVERTEC, Inc., (NYSE: EVTC), the leading full-service transaction processing business in Latin America and the Caribbean, today announced a partnership to provide financial institutions with leading security solutions. This partnership will deliver a range of benefits to customers including improved productivity, access to business intelligence and faster fraud investigations, which will bring overall cost savings.

The security solution model created from this partnership is ideal for all financial institutions as it prevents, responds and recovers a range of security incidents and helps solve complex challenges through video analytics and business intelligence. EVERTEC integrated Tyco Integrated Security solutions to its comprehensive suite of services in order to leverage its best-in-class technology and expertise as a service provider for financial institutions.

“We are bringing our years of experience working with banks and financial institutions to improve business security, operating efficiencies and performance to EVERTEC and its client base,” said Hank Monaco, Vice President of Marketing for Tyco Integrated Security. “Through the partnership with EVERTEC, we are able to offer their network of customers top-rated security solutions best suited for their specific needs, while growing our own footprint in the financial industry.“

EVERTEC, Inc. operates an electronic payment network of 4,100 automated teller machines (ATM) and 104,000 point-of-sale (POS) payment terminals in Puerto Rico and Central and South America. In 2012, Tyco Integrated Security worked directly with EVERTEC to improve its own security systems and efficiencies while minimizing costs.

“Security is very important for us and our customers. We now go beyond processing transactions securely by adding video analytics capabilities to our offering. This partnership is a demonstration of our ability to package and provide a broad range of services across our customers’ businesses that often needs to be outsourced from different providers,” said Peter Harrington, CEO of EVERTEC.

About Tyco

Tyco (NYSE: TYC) is the world’s largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in revenue, Tyco has more than 70,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit the new www.tyco.com.

About Tyco Integrated Security

A business unit of Tyco International Ltd., Tyco Integrated Security is North America’s leading commercial security systems integrator, providing security and business optimization services to more than 500,000 customers. Headquartered in Boca Raton, Fla., Tyco Integrated Security has more than 10,000 employees throughout North America. For more information, visit www.TycoIS.com.

About EVERTEC

EVERTEC, Inc., (NYSE: EVTC), is the leading full-service transaction processing business in Latin America and the Caribbean. Based in Puerto Rico, EVERTEC provides a broad range of merchant acquiring, payment processing and business process management services across 19 countries in the region. EVERTEC processes over 1.8 billion transactions annually, and manages the electronic payment network for over 4,100 automated teller machines (“ATM”) and over 104,000 point-of-sale payment terminals. EVERTEC is the largest merchant acquirer in the Caribbean and Central America and the sixth largest in Latin America and owns and operates the ATH network, one of the leading ATM and personal identification number debit networks in Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations and government agencies with ‘mission critical’ technology solutions. For more information, visit http://www.evertecinc.com

©2013 Tyco Integrated Security LLC. All rights reserved.

Tyco Integrated Security
Anne Lines, 978-518-4512
anne@matternow.com
or
EVERTEC
Wanda Betancourt, 787-773-5302
APR
newsmedia@evertecinc.com

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