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Tyco, EVERTEC partner to offer cost-effective security solutions

EVERTEC is partnering with Tyco to package and provide a broad range of services.

EVERTEC is partnering with Tyco to package and provide a broad range of services.

Security systems integrator Tyco Integrated Security and EVERTEC Inc., the Puerto Rico-based full-service transaction processing business in Latin America and the Caribbean, announced Tuesday a partnership to provide financial institutions with security solutions.

This partnership will deliver a range of benefits to customers including improved productivity, access to business intelligence and faster fraud investigations, which will bring overall cost savings, company representatives said.

The security solution model created from this partnership is ideal for all financial institutions as it prevents, responds and recovers a range of security incidents and helps solve complex challenges through video analytics and business intelligence. EVERTEC integrated Tyco Integrated Security solutions to its comprehensive suite of services in order to leverage its best-in-class technology and expertise as a service provider for financial institutions.

“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,” said Hank Monaco, vice president of marketing for Tyco Integrated Security. “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, Inc. operates an electronic payment network of 4,100 automated teller machines and 104,000 point-of-sale payment terminals in Puerto Rico and Central and South America. In 2012, Tyco Integrated Security worked directly with EVERTEC to improve its own security systems and efficiencies while minimizing costs.

“Security is very important for us and our customers. We now go beyond processing transactions securely by adding video analytics capabilities to our offering,” said Peter Harrington, CEO of EVERTEC.

“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.”

Author Details
Author Details
Business reporter with 30 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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