Daily Stock Analysis, EVTC, Evertec Inc, priceseries

EVERTEC, Inc. engages in the provision of transaction services. It deals with payment processing, merchant acquiring, and business process management. It operates its business through the following segments: Merchant Acquiring, net; Payment Processing; and Business Solutions. The Merchant Acquiring, net segment offers services to merchants of all sizes, enabling them to accept all types of electronic payments. The Payment Processing segment provides financial institutions complete payment-processing services, such as card-issuer and point of sale processing. The Business Solutions segment supplies financial institutions, corporations, and government agencies a broad range of critical services including core bank processing; cash processing; and technology outsourcing. The company was founded on April 1, 2004 and is headquartered in San Juan, Puerto Rico.

EVERTEC, Inc. and its subsidiaries engages in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through three segments: Merchant Acquiring, Payment Processing, and Business Solutions. The Merchant Acquiring segment provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. The Payment Processing segment offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines and EBT card programs. Its services include credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers; payment and billing products for merchants, businesses, and financial institutions; and EBT services. The Business Solutions segment provides business process management solutions comprising core bank processing, network hosting and management, IT consulting services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, corporations, and governments. The company manages a system of electronic payment networks that process approximately two billion transactions. It sells and distributes its services primarily through a proprietary direct sales force, as well as various indirect sales channels, including value-added resellers. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.