FICO and EVERTEC Team Up to Combat Fraud Threat in Puerto Rico and the Caribbean

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MINNEAPOLIS – December 11, 2012 – 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 Hernández, 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.

The FICO® Card Alert Service identifies and reports counterfeit payment cards to issuers before the majority of them incur fraud losses. Operating in a cloud environment, the service analyzes daily transactions across multiple financial institutions via EFT Network feeds. This data is used to pinpoint compromised ATMs and other devices, and alert card issuers about their cards that may have been affected. In doing so, large inventories of counterfeit cards are isolated and reported to appropriate issuers prior to suffering fraudulent authorization attempts.

About EVERTEC Group, LLC
EVERTEC is the leading, full-service transaction processing business in Latin America and the Caribbean. Based in Puerto Rico, EVERTEC provides a broad range of merchant acquiring, payment processing and business process management services across 19 countries in the region. EVERTEC processes over 1.2 billion transactions annually, and manages the electronic payment network for over 4,900 automated teller machines (“ATM”) and over 107,000 point-of-sale payment terminals. EVERTEC is the largest merchant acquirer in the Caribbean and Central America and the sixth largest in Latin America. EVERTEC owns and operates the ATH network, one of the leading ATM and personal identification number debit networks and financial services brands in Latin America. In addition, EVERTEC provides a comprehensive suite of software and services for core bank processing, cash processing and technology outsourcing. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations and government agencies with mission critical technology solutions.

EVERTEC is 51% owned by an affiliate of Apollo Global Management, LLC, a leading private equity investor, and 49% owned by Popular, Inc., the largest financial institution in Puerto Rico and the Caribbean. For more information about EVERTEC, please visit

About FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through

FICO: Make every decision count™.
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Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2012 and its last quarterly report on Form 10-Q for the period ended September 30, 2012. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, Falcon and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries. Other product and company names herein may be trademarks of their respective owners.

Media contacts


Katie O’Connell
+1 510-621-9832

Europe, Middle East & Africa

Darcy Sullivan
+44 (0) 7808-777-339

Asia Pacific

Saxon Shirley
+65 6422-7795

Latin America

Marisa Arribas
+1 786 482 7231

América Latina

Milla Delfino
+55 11 97673-6583

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