TycoIS, Evertec Partnership to Provide Banks With Cost-Effective Solutions

BOCA RATON, Fla. Tyco Integrated Security (TycoIS) has collaborated with Evertec Inc., a full-service transaction processing business, to deliver improved productivity, access to business intelligence and faster fraud investigations to financial institutions.

The companies created a security solution model to help financial institutions prevent, respond and recover a range of security incidents. The solution also aids to solve complex challenges through video analytics and business intelligence.

“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,” says Hank Monaco, vice president of marketing for TycoIS. “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 operates an electronic payment network of 4,100 ATMs and 104,000 point-of-sale (POS) payment terminals in Puerto Rico and Central and South America. In 2012, TycoIS worked directly with Evertec to improve its own security systems and efficiencies while minimizing costs.

“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,” Evertec CEO Peter Harrington says.


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