Menlo Worldwide Strengthens Global Network in Asia Europe and South America

(2800 square meter) warehouse and office at Gimpo
International Airport in Seoul. Images are transmitted quickly over
a secure, managed network to other financial institutions , shortening
the traditional settlement process."
Offering an image exchange option to local banks will dramatically
reduce transportation costs for moving checks between islands and the
U.
By hosting the VECTOR Image Exchange Solution, EVERTEC is presenting
this cost-saving opportunity to financial institutions of all sizes at
a reasonable price.

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(2300
square meter) multi -user warehouse dedicated to the company's growing
list of high technology customers. "This offering will open the doors for the Caribbean and
Latin America to eliminate the geographic barriers between financial
institutions.

europe regions

, a subsidiary of CNF Inc.com
More information about CNF can be found at www.S.
The Addison, Texas-based company, founded in 1976, provides
innovative solutions not only to help financial institutions and
corporations streamline their payment systems and operations, but also
to leverage their image processing investment and maximize the
benefits of check truncation .

caribbean antarctic

Menlo European management and customer operations staff are also
located at this center.
Hicks added, "EVERTEC is an international leader in electronic
transactions.

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"
Based in Redwood City , Calif.menloworldwide.

EVERTEC Selects VECTORsgi to Enable Image Exchange in the Caribbean and Latin America; VECTORsgi Solution Allows Electronic Exchange to the United States

Its selection of VECTORsgi is a resounding confirmation of
our vanguard position in the imaging marketplace. Its products have been
licensed more than 2,300 times by corporations and financial
institutions ranging in size from community banks to top ten financial
institutions to international banking organizations.

kong mcdonald

Business Editors

REDWOOD CITY, Calif.

In South Korea, Menlo has secured national licensing for its
30,000 s. Banco Popular,
a $44.com

Editor's note: The correct usage of the VECTORsgi name is "VECTOR"
in capitals with "sgi" in lower case.

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CNF is based in Palo Alto,
Calif .cnf."

About EVERTEC

EVERTEC, a Popular, Inc company (Nasdaq:BPOP), provides a wide
variety of offerings in the areas of electronic transaction
processing, operational services and programming , to clients in Puerto
Rico, the United States, the Dominican Republic, Costa Rica,
Venezuela, Haiti, El Salvador, Honduras, Bermuda, Belize and
Nicaragua.VECTORsgi.

regions europe

com

antarctic mcdonald

1 billion
supply chain services subsidiary of CNF Inc.

Business Editors/Banking Writers/Technology Editors

ADDISON, Texas----VECTORsgi, a
Metavante company and a leading provider of financial transaction
applications, announced that San Juan-based EVERTEC, a subsidiary of
Popular, Inc. It will later be offered to financial institutions
throughout the rest of the Caribbean and Latin America. VECTORsgi is
recognized by the American Banker and the research firm Financial
Insights in the FinTech 100 , an international annual listing of the
top technology providers for financial institutions.

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In India, Menlo has secured national licensing and opened a
new country office in New Delhi to support its current
business and take further advantage of the international and
domestic opportunities offered by India's growing base of
manufacturers and exporters . This is a secure and bonded
facility with pan-regional capabilities from which Menlo is
serving a variety of customers.f. This new warehouse exceeds all
requirements of the Technology Asset Protection Association (TAPA), an
organization addressing security threats to technology industries .
"Having worked with VECTORsgi for 20 years, it was our company of
choice to propel us into the future," said Raul Aponte, senior vice
president of the transaction processing division at EVERTEC . The option also eliminates the chance of backlog due to
weather-related circumstances such as hurricanes or unforeseen events. VECTORsgi also assists its clients to
become more profitable by offering consulting services that provide
management consulting and business practice improvement.

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Unrelated to the sale, Menlo has opened a new regional supply
chain center in Amsterdam, The Netherlands, with a 25,000 s.

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f.

About VECTORsgi

VECTORsgi, a Metavante company, is a leading provider of
innovative financial transaction processing solutions including
distributed capture, image processing and exchange, dispute
resolution, return and exception processing and e-commerce solutions
for financial institutions and corporations.

regional honduras

The solution also performs
"virtual" capture and reject repair and automated balancing to
complete the transactions."
The solution will be available to all of Puerto Rico's 14
financial institutions as well as institutions in the British and
Virgin Islands. "EVERTEC
needed a solution that would meet the needs of a variety of financial
institutions and VECTORsgi provided just that.

central islands

"These moves add strength to our global network and our ability to
serve global customers," said John Williford, president and chief
executive officer of Menlo Worldwide, "and they also increase our
ability to provide scalable, regional solutions for customers with
interests specific to those areas., (Nasdaq:BPOP) (Nasdaq:BPOPO) selected the VECTOR Image
Exchange Solution to enable Caribbean and Latin American financial
institutions to conduct image exchange with the United States.

regional islands

(NYSE:CNF), announced a
strategic strengthening and reorganization of its international
network of operations subsequent to CNF's sale of Menlo Worldwide
Forwarding in December.

More information about Menlo Worldwide can be found at
www.
"VECTORsgi is proud to provide the conduit for international check
image exchange," said Sydney Smith Hicks, president and CEO of
VECTORsgi. It plans to begin image exchange with the Federal
Reserve Bank of New York no later than June. The company's
commitment to quality and innovation match that of our own goals and
dedication to excellence.

regions haiti

----Menlo
Worldwide Inc. The following developments have occurred since
and as a result of the sale:

In Hong Kong, Menlo has opened a new area office in the
commercial hub of Kowloon and from there will direct its
southern China operations and development activities.7 billion management company of supply chain service
providers with businesses in less-than-truckload motor carriage,
truckload carriage, air freight, logistics and supply chain
management, and trailer manufacturing. It is the leading provider of transaction processing,
information management solutions, and ATM network in Puerto Rico and
the Caribbean.

caribbean h

In Chile, Menlo has formed a new entity and opened a country
office in Santiago to support its current business and take
further advantage of the international and domestic
opportunities offered by Chile's base of manufacturers and
exporters., Menlo Worldwide is a $1.
CNF is a $3 .4 billion financial institution with more than 200 branches in
Puerto Rico and the Virgin Islands , is EVERTEC's first customer for
the solution.

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that manages a full range
of logistics and supply chain technology activities in the United
States and internationally for companies primarily in the automotive,
technology, manufacturing, food and beverage, consumer product,
chemical, and retail industries.
The VECTOR Image Exchange Solution positions financial
institutions to receive and process files, identify exception items
and process exceptions via image. Its groundbreaking presence in the Caribbean and Latin
America marks the beginning of a new stage of benefits resulting from
Check 21.
For more information about the company, visit www. The correct usage of the EVERTEC
name is in capitals.