SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
EVERTEC Group LLC, the leader in electronic transaction processing in Latin America and the Caribbean, announced today that it was named as a finalist for the 2013 Innovation Awards bestowed by Informatica Corporation. Informatica is the number one independent provider of data integration software in the world, and conducts an annual competition to recognize organizations that have demonstrated leadership in the use of its solutions to drive innovation and business success.
The competition includes 11 categories, and EVERTEC was nominated for the Test Data Management / Data Masking award for its masking of sensitive data in test environments project.
“The Informatica platform has helped us meet compliance requirements that are imposed on financial institutions in the Caribbean and in the Region. Through this platform, we ensure that each credit card transaction meets PCI DSS regulatory and audit requirements. This involves the masking of sensitive credit card information so that it may be safely replicated in EVERTEC testing environments for development, testing, quality control and training purposes,” said Miguel Mercado, Chief Information Officer at EVERTEC.
The masking process is accomplished via 300 files in 15 applications (equivalent to a terabyte of data) and prevents the unintentional exposure of confidential credit card information. This strategy reduces the risk of data leakage and ensures compliance with PCI DSS standards and data privacy rules as well as other regulations.
"We are focused on maintaining high safety standards and avoiding data loss. Therefore, we integrated our expertise in this area with a platform that enables the complete and secure delivery of data in the production and testing environments," Mercado added.
In fact, according to Mercado, the platform has been such a strategic and cost-effective investment, that they are thinking about extending it to other projects, especially those that require data integration. Instead of coding a project from scratch, EVERTEC can take advantage of their knowledge and experience on what has already been built, which provides a significant competitive advantage in the market.
The Informatica Awards will be announced during their Annual Conference to be held June 4 to 7 at the ARIA Resort and Casino in Las Vegas.
EVERTEC (EVTC), 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 1.8 billion transactions annually, and manages the electronic payment network for over 4,100 automated teller machines (“ATM”) and over 104,000 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 in Latin America. In addition, EVERTEC provides a comprehensive suite of 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. For more information, visit www.evertecinc.com
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