Evertec agrees to acquire Chilean payments and technology company, BBR, SpA
Evertec today announced that it entered into a share purchase agreement to acquire 100% of the outstanding shares of BBR SpA (“BBR”) a Santiago, Chile based payment solutions and business technology company with operations in Peru. The aggregate purchase price for the shares is CLP 48,600 million, approximately USD$61 million at current exchange rates and is subject to customary adjustments.
Evertec announces extensions of key agreements with Popular and sale of certain assets
SAN JUAN, PUERTO RICO – February 24, 2022 – EVERTEC, Inc. (NYSE: EVTC) (“Evertec”) and its main operating subsidiary, Evertec Group, LLC (“Evertec Group”) today announced an agreement with Banco Popular de Puerto Rico (“BPPR”) and its parent, Popular, Inc. (NASDAQ: BPOP) (“Popular”) to modify and extend the main commercial agreements which had an initial term ending in 2025. These include a 10-year extension of the Merchant Acquiring Independent Sales Organization Agreement (the “ISO Agreement”), a 5-year extension of the ATH Network Participation Agreement and a 3-year extension of the Master Services Agreement (the “MSA”). The ISO Agreement, which sets our merchant acquiring relationship with BPPR, will now include revenue sharing provisions with BPPR. The MSA modifications include the elimination of the exclusivity requirement, the inclusion of annual MSA minimums through 2028 and adjustments to the existing CPI pricing escalator clause.
Meet one of our leaders: Ana Cristina Vera
En Evertec, estamos comprometidos con la diversidad, equidad de género y el desarrollo de las mujeres. Son rasgos claves de nuestro éxito que nos distingue y llena de orgullo.
Gustitos™Go, a partnership with many points in its favor
Gustitos™Go is a loyalty program created by Gustazos™ that awards points (G-Credits™) to users registered in the Gustitos Go platform when they pay with their ATH® card at participating businesses. When you make purchases at Gustitos™Go’s participating businesses using an ATH® card that is properly registered in the program, you receive G-Credits™ equivalent to 7% of your […]
Accelerate business operations on a comprehensive, future-proof cloud platform
Small and midsize businesses (SMBs) have not had the same opportunity as larger enterprises to manage their companies with robust, modern software applications. Legacy ERP systems and entry-level accounting software provide limited functionality, and they are difficult to integrate with add-on applications when companies need to round out their core business requirements. Disconnected systems result […]
VISA status check messages
Visa no longer allow status check messages of amounts greater or less than USD 1, except for transactions at automated fuel dispensers (AFDs) specifically merchants with the Merchant Category Code (MCC) 5542—Automated Fuel Dispensers. It is important to use a zero-value account verification messages, instead of using a single unit of currency (i.e., USD 1) […]
Technology or Strategy? Find Out About the Next Challenge in Digital Payments
At Evertec®, we believe there should be increasingly more channels for businesses to offer sales or collection options to make the process easier for the end consumer.
Evertec selected for Bloomberg gender-equality index for commitment to advancing women in the workplace for the fourth consecutive year
The GEI provides insight into an important area of ESG data reporting San Juan, P.R., January 26, 2022 – Evertec, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced that for the fourth consecutive year it is one of 418 companies across 45 countries and regions selected for the Bloomberg Gender-Equality Index (GEI). The 2022 […]
8-digit BIN mandate for its Siscard platform
The development related to the logic of the system that modifies the previous practice of taking the account number from the first thirteen digits of the card number was completed and installed in the first quarter of 2021. Work is being done on the modification of variables and repositories that consider the six- position BIN […]
Notice to increase your protection
Each bank’s fraud department has protocols in place that are immediately activated when fraud is being detected. Knowing these controls can help you protect your business.