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Stock impact report

Banco Santander hires Evertec as processor of its acquiring business

Banco Santander - Chile ADS (BSAC) 
Last banco santander - chile ads earnings: 4/29 08:50 am Check Earnings Report
Company Research Source: GlobeNewswire
SANTIAGO, Chile, June 27, 2019 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE:BSAC) informs that it signed a five-year agreement with Evertec, Inc. (NYSE: EVTC), a leading technology company in Latin America, which will provide processing services to the Bank's acquisition network, which will operate under the four-part model with all debit, credit and prepaid issuers. Miguel Mata, General Manager for Banco Santander Chile, said “With Evertec’s credentials as a leading regional payment processing company, Santander will leverage our robust client base to achieve our strategic objective of increasing the coverage, depth and security of the payment methods in Chile, both face-to-face as well as in e-commerce. As a result of this initiative, Santander will accelerate the transformation of the payments market in Chile allowing any entrepreneur, merchant or business owner to have their own point-of-sale (POS) device to accept card payments in a more secure manner.” Mata also asserted Show less Read more
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