EVERTEC, Inc. Increases Earnings Guidance for 2021
October 27, 2021 at 04:05 pm EDT
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EVERTEC, Inc. increased earnings guidance for 2021. For the period, the company expects total consolidated revenue is now anticipated between $574 million and $583 million representing growth of 12% to 14%.
EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.