Evertec Inc (NYSE: EVTC) is a financial technology and transaction-processing company that provides payment processing, card network services, and software solutions to financial institutions, merchants, and government entities across Latin America and the Caribbean. Revenue is primarily transactional, driven by the number of payments processed, card accounts on file, ATM and POS transactions switched, and software licensing and subscription fees. EVTC operates the ATH debit network, which it describes as one of the leading debit networks in Latin America and the most frequently used electronic payment method in Puerto Rico. The company also owns Sinqia, a technology provider for financial institutions in Brazil. EVTC trades on the NYSE and pays a regular cash dividend. The company reports having spent over $404 million on technology investments over the five years preceding the FY2025 10-K filing dated 2026-03-02.

Revenue model

Transaction-based fees from payment switching, processing, and ATM and POS management; card issuer processing fees tied to accounts on file and transactions authorized; software licensing, subscription, implementation, and customization fees; and POS device leasing. Revenue scales with transaction volumes and cardholder account counts.

Products and services

ATH debit network and ATH Movil and ATH Business digital wallets; PlacetoPay e-commerce payment gateway; PayStudio issuing and acquiring processing platform; credit and debit card authorization, switching, and settlement services; ATM and POS terminal management and monitoring; core banking and risk and fraud management software (including via Sinqia in Brazil); PIX instant payment connectivity in Brazil; terminal driving solutions.

Customers and end markets

Financial institutions (banks and credit unions), fintechs, merchants, merchant acquirers, and government entities. EVTC is described as the only non-bank provider of cash processing services to the U.S. Federal Reserve in the Caribbean. End markets include retail payments, digital commerce, core banking technology, and ATM network services.

Value-chain role

End-to-end transaction processor and network operator sitting between card issuers, merchant acquirers, and payment networks. Provides authorization, switching, settlement, and fraud monitoring as an intermediary, and supplies financial institutions with licensed software for core banking and card processing.

Geographic exposure

Primary markets are Puerto Rico, the broader Caribbean, and Latin America. Brazil is a material market through the Sinqia acquisition. The company describes Latin America and the Caribbean as its core geographic focus as of the FY2025 10-K filed 2026-03-02.

Source: SEC 10-K, filed 2026-03-02

Industry: Services-Computer Processing & Data Preparation