EVERTEC, Inc. (EVTC) is a leading full-service transaction processing company in Latin America and the Caribbean. The company's primary business operations are divided into three main segments: merchant acquiring, payment services (in Puerto Rico, the Caribbean, and Latin America), and business solutions. Incorporated in 1988, headquartered in San Juan, Puerto Rico, EVERTEC operates in approximately 26 countries across its region of operation.
As a merchant acquirer, EVERTEC helps businesses accept electronic modes of payments, providing a crucial link in the chain of electronic commerce between consumers, merchants, and their respective banks. The company's payment services segment provides an array of transaction processing services including issuing and management of credit cards and debit cards by financial institutions, processing of electronic transactions, a network of ATMs, and others. Business solutions, another significant aspect of EVERTEC's operations, offer integration services, technology outsourcing, banking solutions – all essential components of any IT infrastructure of financial institutions.
EVERTEC employs around 2,500 professionals who operate out of several countries, indicating its diverse international reach. The company stands on a robust technological platform and demonstrates a deep understanding of the local business culture and regulations, enabling them to provide suitable business solutions in different regions. EVERTEC has shown remarkable resilience in a competitive environment and continues to generate substantial returns, aided by its diversified business segments.
Moreover, EVERTEC is committed to promoting the use of electronic payments and innovations that create more efficiency. The company continually invests in process improvements and systems to simplify transactions, making them safer, faster, and more accessible to everyone. This dedication to innovation sets EVERTEC apart as a forward-leading company in the fintech industry.
Furthermore, EVERTEC actively contributes to the well-being and development of communities in the regions it operates. Through its Corporate Social Responsibility program, the company supports initiatives focused on education, entrepreneurship, and employee volunteering, affirming its commitment to building a better society.
In conclusion, EVERTEC, Inc. is a well-established and trusted transaction processing business known for its innovative solutions. It's a company that not only focuses on its bottom line but also values the importance of community development and the role of technology in improving everyday life.