EVERTEC Inc

EVERTEC Inc. engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services - Puerto Rico & Caribbean; Payment Services - Latin America; Merchant Acquiring; and Business Solutions segments. It 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. In addition the company 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; credit and debit card processing authorization and settlement and fraud monitoring and control services to debit or credit issuers services. Further it provides business process management solutions comprising core bank processing network hosting and management IT consulting business process outsourcing item and cash processing and fulfillment solutions to financial institutions and corporate and government customers. Additionally the company owns and operates the ATH network an automated teller machine and personal identification number debit networks. It manages a system of electronic payment networks that process approximately six billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions merchants corporations and government agencies. EVERTEC Inc. was founded in 1988 and is headquartered in San Juan Puerto Rico.