FIS signs Evertec to corporate e-banking platform

Source: FIS

FIS (NYSE:FIS), one of the world's largest providers of banking and payments technology, today announced that Evertec, has signed an agreement with FIS to implement FIS' newly enhanced Corporate eBanking platform.

EVERTEC, a subsidiary of Popular, Inc., is a transaction processing company headquartered in Puerto Rico and a leading provider of Electronic Funds Transfer (EFT) and outsourcing services including application processing, business process outsourcing and IT consulting, as well as other services, to customers in 16 countries in a variety of industries. FIS' platform is expected to be a valuable addition to EVERTEC's already diverse menu of network capabilities. FIS' technology will allow corporations and businesses to easily and efficiently manage transaction activities and receive configurable reports and display options, as well as batch data entry and import capabilities for high-volume users.

The FIS Corporate eBanking platform is part of FIS' Commercial eBanking suite, and is a full cash management solution that meets the strategic needs of businesses of all sizes, including the complex requirements of upper middle market and large corporate customers.

The Corporate eBanking platform will be offered as part of EVERTEC's portfolio of online banking functionalities permitting EVERTEC's financial institution clients to offer this solution to their respective commercial customers.

"When we decided to further invest in our online banking services, we selected FIS' flexible, innovative solution with integrated functionality to help us meet the growing needs of our clients," said Ramon Meléndez, Senior Vice President for Business Effectiveness and Reliability at EVERTEC. "FIS' technology platform will allow us to provide our financial institution clients with the ability to connect customers to core banking systems through access devices and personal finance packages to perform an unlimited number of online transactions. We are pleased to work with a trusted partner that can fully support our aggressive online banking strategy."

"EVERTEC is building on its history of providing great customer service by significantly enhancing its online banking capabilities with a set of extensive integrated cash management services," said Susan Hawkins, Senior Vice President and General Manager, FIS eBanking and Commercial Treasury Solutions. "We look forward to providing EVERTEC with a broader set of corporate eBanking services that are robust and simple to use, which are central to the company's 2010 objectives."

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