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Specialists in business transaction services and solutions that allow profitable growth

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PayGroup, specialists in services and transactional business solutions.

PayGroup, is a company of Evertec since early 2017, provides cutting-edge technological solutions to meet the requirements in media payment for banks, financial institutions, retail companies, multi-entity processors, international brands and private labels, among other emerging actors.

Evertec®, is a leading transaction processing services company in Latin America, which provides a wide range of business transaction acquisition services, payment processing and business solutions. The company operates an electronic payment network system that processes more than 2.1 billion transactions annually and provides a comprehensive set of banking solutions processing, cash processing and technology outsourcing services. In addition, it owns and operates the ATH® Network, one of the main debit networks with a personal identification number in Latin America. Headquartered in Puerto Rico, USA, it offers services in 26 countries in the region to a broad and diverse portfolio of clients from leading financial institutions, businesses, corporations and government agencies offering mission-critical technology solutions.

PayGroup is the group company, leader in the development of transactional solutions, payments, collection, card system (credit / debit / prepaid), fraud detection and AML (money laundering prevention) with more than 20 years of experience in Latin America.

 

History

Through the history of our company, there are several remarkable milestones:

1995: EFTGroup is formed, aimed at the development of solutions for electronic transactional processing in the financial industry.
1996: We create the first transactional engine in Chilean Banking.
1999: Creation of the Electronic bill payment system.
2000: We began the services of the first Online Payment Button in Chile.
2001: We developed the first internet Banking platform in Chile.
2003: Foundation of PayTrue, a company that seeks to respond to the constant demand of flexible and agile global solutions required for the payment media business.
2004: We began Business operations with VISA, as fraud prevention solutions provider.
2005: We initiate our Financial BPO services.
2007: We become credit and prepaid system solutions providers for FIS Brazil.
2008: We created our Collection Hub, a product that simplifies collection for large companies.
2011:
We develop the first joint Project with ABM to detect compromise points in the Mexican banking industry.
We are joined by Mater Investment fund.
2012: We created the Commerce payment button product.
2013:
The Uruguayan company PayTrue, joins efforts with EFTGroup
We incorpórate as active members of the PCI Council.
2014: PayStudio SecureTX gets the certification of PA-DSS standard new version.
2015: EFTGroup and PayTrue create PayGroup, a unique company with an integrated offer of products and services capable of competing with multinational companies.
2017: PayGroup is acquired by Evertec, increasing in this way the solutions and services portfolio, the presence in Latin America and the company support. PayGroup acquires its new identity: PayGroup an Evertec Company

 

Offices

Our team is formed of over 320 professionals in the global operation, with training in key aspects of our customers' business areas and the use of the newest technologies available.

R&D

Our service philosophy is based on our professionals contact with our customers which allows us to maintain updated knowledge and detailed records of all the needs and requirements for the different projects we tackle.

Additionally, we assure technical excellence in our service, always aimed at providing the best results for our customers. Planning ahead, we keep an active Development and Innovation team, with dedicated resources, and being led by experienced Professionals. This allows us to evaluate and assimilate new technologies that benefit our customers promptly.

  • PCI Council active member.
  • Operative force of the tokenization area.
  • Intellectual property owner of SecureTX, specialized product to reduce PCI scope (PA-DSS Compliant).
  • First acquirer monitoring system implementation in LATAM.
  • First DUKPT implementation in Brazil.
  • First EMV Full DDA implementation in LATAM.
  • Enterprise Hub and Collection products.
  • Mobile payments with SecureTX.

 

Certifications

We are AT-801 (ex SAS 70) certified, as an accredited provider to operate with banks, retailers, and utility companies.

We have updated technology contingency plans available to assure the compliance of good risk administration practices from banks. As well as the requirements outlined for “Service Externalization” (Bank Circular N. 3.430, chapter 20-7) issued by the Banks and Financial institutions Superintendence (SBIF) in Chile.

PA-DSS standard certified for PayStudio SecureTX solution