Evertec
Leading full-service transaction processing business in Latin America and the Caribbean.
Evertec is a leading full-service transaction processing business in Latin America and the Caribbean, providing a broad range of merchant acquiring, payment services and business process management services. In addition, Evertec processes approximately three billion transactions annually and offers technology outsourcing in all the regions it serves. Based in Puerto Rico, Evertec operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations, and government agencies with “mission-critical” technology solutions.
PARTNER DETAILS
Visa Ready
Program Manager
You can focus on building your brand and expanding your distribution channels, while Evertec handles the intricacies of your payment processing operation with the most complete technology stack. With Evertec by your side, you can transform your ideas into tangible products within weeks, eliminating the need to build capabilities from scratch which can be both costly and inefficient for your organization.
Program
Visa Ready
Capability
Program Manager
Digital Cards Solution
Our comprehensive, cutting-edge solution uses mobile applications (Apps) and Application Programming Interfaces (APIs) to perform the essential digital card implementation steps required by Visa Ready.
Using our solution, a financial institution can offer virtual cards and the services associated with them, providing a secure and convenient alternative to traditional physical cards. Furthermore, our product can be implemented in a modular or total way, allowing each issuer to adapt its use according to their specific needs.
Digital Card Solution includes all the following features:
Solution Information
| Category | Digital Issuance |
| Visa Credential and Card Support |
Credit: Consumer, Commercial Prepaid: Consumer, Commercial Debit: Consumer |
| In-Region Support | LAC |
| PCI Compliance |
Yes |
Origination
| Consumer Application Hosting | Yes |
| eKYC/OFAC Verification | No |
| Real-time Application Capture | Yes |
Onboarding
| Account Funding Capabilities | Yes |
| Visa PAN Generation |
Yes |
| Visa PAN Personalization | Yes |
| Card System of Record | Yes |
| Account System of Record | Yes |
Enablement
| Digital/Virtual Card Activation | Yes |
| Mobile Application Client Hosting |
Yes |
| Digital Card Display | Yes |
| In-App Provisioning | No |
| Physical Card Activation | Yes |
Usage
| Transaction Processing Support | Yes |
| Card Lifecycle Management Capabilities | Yes |
| Account Management Capabilities | Yes |
Program
Visa Ready
Capability
Digital Issuance, Government Disbursements
Evertec for Government Disbursements
Evertec's PayStudio platform caters to government disbursements by optimizing the issuance and acquiring of payments, including social benefits and pensions. Prioritizing speed and efficiency, PayStudio adapts to offer versatile solutions, reducing barriers to entry and setting industry standards. The platform ensures secure transaction authorization for financial institutions and tackles challenges like complex migrations with proprietary architecture focused on agility.
Initially a locally installed solution, PayStudio has evolved into a comprehensive managed processing service, strengthening its market reach under Evertec. Recognized for agility and performance, PayStudio supports customers across Mexico, Colombia, Costa Rica, Puerto Rico, Chile, Uruguay, and Brazil. Evertec's commitment to cutting-edge technology and operational agility ensures customers have the confidence and support needed to thrive in a competitive environment. PayStudio pledges to meet and exceed customer needs with solutions that set the standard of excellence in transaction processing, driving customer success with agility, efficiency, and responsiveness.
Visa Ready for Government Disbursements - Issuer Processor
| Capabilities | Issuer processing BIN sponsorship Program management |
| VRGD partner for | Latin America and Caribbean |
| Visa credential and card support |
Prepaid, Debit, Credit |
| PCI Compliance | Yes |
| Uptime availability |
99.99% |
| Additional solution support | Visa Token Service Instalments Virtual Card |
Program
Visa Ready
Capability
Government Disbursements