This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FICO And EVERTEC Team Up To Combat Fraud Threat In Puerto Rico And The Caribbean

Stocks in this article: FICO

MINNEAPOLIS, Dec. 11, 2012 /PRNewswire/ --  FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced a new agreement with EVERTEC Group, LLC to use the FICO® Card Alert Service to protect and defend against counterfeit card and skimming fraud in Puerto Rico. A longstanding FICO client, EVERTEC is also upgrading to FICO® Falcon® Fraud Manager 6.3, the latest version of the world's leading payment fraud solution.


EVERTEC operates the ATH ® Network, the leading debit payment and automated teller machine (ATM) network in Puerto Rico. EVERTEC executes more than 1.2 billion transactions annually, and operates networks of more than 4,900 ATMs and more than 107,000 point-of-sale payment terminals in Puerto Rico and the Caribbean. EVERTEC will use the FICO Card Alert Service for early identification and reporting of suspected counterfeit card and skimming fraud for its ATH ® Network. The FICO Card Alert Service combines powerful predictive analytic software with investigative techniques to help organizations fight ATM fraud that originates from counterfeit card and PIN skimming.  It protects 11,000 U.S. financial institutions against counterfeit fraud, including the top 25 banks and seven payment processing networks.

"EVERTEC is upgrading its fraud offering for our ATH Network members with strong tools to defend against payment card fraud including counterfeit cards and skimming fraud," said Jorge Hernandez, senior vice president at EVERTEC. "Falcon Fraud Manager and FICO Card Alert Service are the most up-to-date solutions for protecting our clients and their customers from fraud losses."

"Payment card fraud remains a significant problem worldwide, especially with increases of counterfeit and skimming fraud," said Doug Clare, vice president of product management at FICO. "For 20 years FICO has helped issuers stay ahead of criminals. By partnering with FICO, EVERTEC will be able to protect and defend the financial institutions participating in its ATH Network from fraud."

EVERTEC is upgrading to FICO® Falcon® Fraud Manager 6.3 to improve fraud prevention, detection, investigation, recovery and remediation to its card processing customers. EVERTEC uses Falcon's real-time fraud capabilities to score debit and credit card transactions as they occur. This approach has been demonstrated to be a powerful deterrent to criminals, who can literally be stopped at the point of sale.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs