EVERTEC and NYCE Expand U.S. Merchant Point of Sale Access for Puerto Rican and U.S. Virgin Island ATH Network Cardholders
08 December 2006 - 12:00AM
Business Wire
EVERTEC, the ATH Network�s processing firm for Latin America and
the Caribbean, today announced an agreement with NYCE Payments
Network, LLC, a leading U.S. payments network and a subsidiary of
Metavante Corporation, that will enable purchases throughout the
U.S. for holders of ATH debit cards issued by ATH
Network-affiliated banks and cooperatives in Puerto Rico and the
U.S. Virgin Islands. The new service will allow customers to use
their ATH debit card and PIN to pay for purchases at any U.S.
merchant that accepts NYCE. �Each year, Puerto Ricans make millions
of trips to the U.S. mainland,� said ATH Network�s first vice
president, Jorge Hern�ndez. �This agreement enables them to make
purchases using their ATH debit card as easily as they do in Puerto
Rico.� �By partnering with EVERTEC and the ATH Network, NYCE
continues to deliver on its mission of expanding the benefits from
electronic payments as broadly as possible,� said Frank D�Angelo,
group president, Metavante Payment Solutions. Added Steve
Rathgaber, NYCE president and chief operating officer: �NYCE and
EVERTEC together are increasing PIN debit purchasing power for ATH
cardholders, and we�re delivering new, cost-effective payment card
transactions to NYCE retailers.� The ATH-NYCE partnership makes a
potential 2.2 million PIN debit cards eligible for use at
NYCE-affiliated retailers. Additionally, ATH Network affiliated
financial institutions, including cooperatives, will offer their
clients the flexibility of using their debit cards at any of the
more than 1.3 million retailers that accept NYCE. With this
service, the ATH Network is expected to generate more than 1
million annual transactions in the U.S. According to Hern�ndez,
�Consumers should be confident that all their transactions will be
made according to all the same security protocols, using their PIN,
as they do in Puerto Rico.� �This new partnership will be of
particular benefit to young Puerto Rican residents studying in the
U.S.,� Hern�ndez said. �Now they will be able to make secure
payments to participating businesses, without first having to find
an ATM to withdraw the cash their parents have deposited for them
back home. At the same time, the ability to make purchases at most
stateside businesses using an ATH debit card eliminates the need
for travelers from the Island to carry large amounts of cash or
purchase traveler�s checks.� Hern�ndez added, �By using their PIN
just as they do in Puerto Rico, ATH Network users can rest assured
that their transactions will be processed with the speed and
security to which they�re accustomed.� About EVERTEC EVERTEC Inc.,
a Puerto Rican company with international operations, provides its
customers with transaction processing services and technological
solutions for business management. It also operates the region�s
most extensive network of 4,400 automated teller machines and
84,000 point of-sale payment terminals in Puerto Rico, the
Caribbean, Costa Rica, Guatemala, and El Salvador, in addition to
over 170 financial institutions. EVERTEC is the Caribbean�s leading
processor of electronic transactions, processing more than 35
million monthly transactions. It currently has clients in Puerto
Rico, the U.S., the Dominican Republic, Costa Rica, Venezuela,
Haiti, Guatemala, El Salvador, Honduras, Bermuda, Belize and
Nicaragua. About NYCE NYCE Payments Network, LLC, helps its clients
grow with innovative new products and strategic alliances that
enable them to capitalize on the efficiency, consumer convenience
and security of electronic, real-time payments. The NYCE Network
provides consumers with secure, real-time access to their money,
connecting the accounts of more than 74 million cards with 275,000
ATMs, and 1.3 million point-of-sale locations nationwide.
Headquartered in Secaucus, N.J., NYCE Payments Network, LLC,
(www.nyce.net) is a Metavante company. Metavante is the banking and
payments technology subsidiary of Marshall & Ilsley Corporation
(NYSE:MI). Metavante and NYCE are registered trademarks of
Metavante Corporation.
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