First Atlantic Commerce and EVERTEC, Inc. expand online merchant transaction processing capabilities in Latin American Caribbean market

FAC deepens its presence in the Latin American Caribbean Region with certification to market leader, EVERTEC

San Juan, Puerto Rico and Hamilton, Bermuda.  September 12, 2007.  First Atlantic Commerce Ltd (FAC), a leading, Internet multi-currency, payment and data management solutions provider, and EVERTEC, Inc. (“EVERTEC”), the Caribbean’s leading processor of electronic transactions, today announced FAC’s certification to EVERTEC’s e-commerce processing platform in Puerto Rico.

FAC’s certification to EVERTEC means that FAC can now settle payment transactions to all merchant acquiring banks on EVERTEC’s Puerto Rico platform, providing merchants in the Latin American Caribbean Region (LACR) with additional payment gateway choices and redundancies, in addition to value added services currently unavailable. 

As well, more acquiring banks in the LACR can now work with FAC to provide complete end-to-end e-commerce card payment solutions to their clients.

“We are very pleased to add FAC to our list of certified payment gateways and provide them with a state of the art technology solution with the highest level of security and reliability” said Félix M. Villamil, President of EVERTEC. “As a world class processor, our commitment to our clients and partners of the Latin American and Caribbean regions is to help them achieve their business goals by providing the finest quality services and maximizing the cost/benefit equation in all our solutions”.  

Added FAC’s CEO, Andrea Wilson: “Our certification to EVERTEC gives us the opportunity to offer our leading online payment and risk management solutions to acquiring banks in the LACR and jointly promote secure e-commerce payment solutions in conjunction with EVERTEC.”

“The addition of acquirer processing with EVERTEC to our solutions portfolio is key to our clients in the Caribbean and South America, and we look forward to a long and mutually rewarding relationship with them.”

FAC provides online merchants with various value added payment and data management services in addition to multi-currency transaction processing for retail, hotels, hospitality, car rentals, telecommunication services, third party billing and Call Centre locations.  FAC is able to process online transactions in regional Caribbean, Central and South American currencies via supporting acquiring banks on the EVERTEC platform.  

EVERTEC’s e-commerce processing platform for acquirer banks provides a world class application to connect payment gateways and merchants with the primary Credit and Debit Card Associations. EVERTEC’s flexible online solution seamlessly integrates with various types of standard electronic message formats used by the industry.

Also available to all merchants are FAC’s data solutions including Address Verification (AVS) and Card ID Verification (CVC/CVV2) services, as well as Verified by VISA and MasterCard SecureCode™.

For more information on FAC’s processing and international card payment solutions, banks and merchants should contact Andrea Wilson at awilson@fac.bm today or visit the company’s website – www.firstatlanticcommerce.com.

For more information on EVERTEC’s processing and payment solutions visit www.evertecinc.com.

About First Atlantic Commerce

Headquartered in Bermuda, and established in 1998 to create secure card-based payment solutions for e-businesses, FAC provides powerful technology designed to work with most merchant platforms, including Microsoft®, UNIX, and LINUX platforms.  FAC’s cGate® technology offers service, flexibility and security to adapt to many business and bank acquirer requirements. Business solutions such as 3-D Secure™ Payer Authentication, Virtual Corporations and offshore multi-currency payment solutions are available in various offshore jurisdictions.  

About EVERTEC, Inc.

EVERTEC, a subsidiary of Popular, Inc. (NASDAQ: BPOP), is a leading provider of transaction processing and outsourcing services including application processing, business process outsourcing, programming and IT consulting to customers in 15 countries in a variety of industries.  Through our transaction processing services EVERTEC executes over 920 million transactions yearly, and operates a network of over 4,300 automated teller machines and over 85,000 point-of-sale payment terminals. With over 1,700 professionals operating in 7 countries within the Caribbean Basin, the United States, Central and South America, EVERTEC supports a variety of production platforms ranging from portable payment devices to high-end mainframe systems.

For media information, please contact:

Mrs. Tricia Lines Hill

Vice President, Marketing & Corporate Communications

First Atlantic Commerce

Tel: 1. 441. 294.4625

E-Mail: tlineshill@fac.bmm

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