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
PayStudio
Evertec provides a card issuer solution on a single platform with multiple APIs to configure your own service. With our issuer processing service, you manage the end-to-end processing of your payment products. We provide efficiency and flexibility in managing your prepaid, debit, and credit card portfolio, leveraging industry trends. Our services are available to integrate payment mechanisms, support for business processes, and a specialized service center.
We service more than 100 issuers in 15 countries in Latin America with a flexible solution that encompasses some of these features:
- Multi-product, multi-language, multi-currency
- Complete real-time product management
- Account administration
- Customer origination, activation, and retention
- Contactless, chip and magnetic stripe card issuance
- Interfaces with external systems
- Online and offline authorization
- Tokenization and authentication
- Settlement of transactions
- Online fraud and risk management
Capabilities
| Category |
Issuer Processor | Instant Funding/ $0-Balance Transactions | Yes |
| Visa Credential and Card Support | Prepaid, Debit, & Credit | Proprietary or Visa Access Control Server (ACS) | Yes |
| In-Region Support | PR, DO, MX, GT, CR, PA, CO, BR, CL, UY | Risk Based Authentication (3DS 2.0) | Yes |
| PCI Compliance | Yes | Real-time Risk Scoring | Yes |
| Solution Deployment | Cloud | Custom Fraud Rules | Yes |
| Tenancy Architechture | Multi-product/Multi-client/Multi-BIN | BIN Sponsor Connections | Yes |
| Sandbox Testing Environment | UAT environment to emulate the production environment all Evertec clients | Program Management/ End-to-End | Partial |
| Visa Token Service (VTS) Support | Provisioning into E-comm/Card-on-File, Wearables, and Industry Wallets (including ApplePay) | Full-service Credit Program Management | No |
| Reporting | Custom, API-based | Multi-currency Partitioning | Yes |
| Uptime Availability in operational region(s) | 99.99% | Visa Direct Support | Yes |
| Customizable Authorization Decisioning | Yes | Visa QR Payments ("Scan to Pay" Support) | No |
| Authorization Flow | No | Visa Value-Added Services Integration | No |
| Incremental Authorization | Yes | Other Value-Added Services Integrations | Loyalty solutions, Payment gateway |
Program
Visa Ready
Capability
Issuer Processor
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