S&P Global Ratings upgrades Evertec’s credit rating
August 12, 2021
Evertec Inc. announced that S&P Global Ratings has upgraded its issuer credit rating to ‘BB-‘/Stable Outlook from ‘B+’. As basis for its upgrade, S&P noted Evertec’s “conservative balance sheet and solid credit metrics while expanding revenue amid several external impacts including the COVID-19 pandemic.” S&P also cited its expectation that Evertec will generate consistent financial […]
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Evertec launches 7th edition of scholarship program, focused on STEM
May 17, 2021
In its pursuit of contributing to the development of an exceedingly technological society with the need for young professionals who can perform competitively in the new job market, Evertec announced the launch of the 7th edition of its scholarship program aimed at university students from Puerto Rico and Latin America who are focused on the […]
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Evertec reports revenue increase of 14% to $139.5M in 1Q21
April 30, 2021
Financial technology firm Evertec announced results for the first quarter ended Mar. 31, 2021, which included a revenue increase of 14%, to $139.5 million, benefitting from volume growth and continued increase of digital solutions in Puerto Rico as well as the new client contracts in Latin America. The current revenue compares with $121.9 million reported […]
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Seguros Múltiples, Evertec, AES make executive appointments
April 30, 2021
This edition of Climbing the Corporate Ladder includes several executive appointments in a cross-sector of industries based in Puerto Rico. Cooperativa de Seguros Múltiples gets new presidentThe Cooperativa de Seguros Múltiples de Puerto Rico has named Luis Cordero as president, to give continuity to the company’s strategic growth plans on a short-, medium-, and long-term […]
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Evertec reports $510.6M in Fiscal ’20 revenue; $134.2M in 4Q20
March 2, 2021
San Juan-based Evertec disclosed its financial results for the fourth quarter and full year ended Dec. 31 2020, reporting a 6% quarter-over-quarter revenue increase to $134.2 million and 5% revenue growth of 5% to $510.6 million year-over-year. For the fourth quarter, the firm stated that GAAP net income attributable to common shareholders was $32.3 million, […]
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Evertec included in Bloomberg Gender-Equality Index for 3rd consecutive year
January 28, 2021
Evertec Inc. announced its third year of inclusion in the Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. Evertec is one of 380 companies representing 44 countries and regions across 11 sectors included in the 2021 Bloomberg GEI, it said. “We’re incredibly proud that we have […]
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Donations to Puerto Rico nonprofits double through ATH Móvil app
November 24, 2020
Donations to nonprofit organizations in Puerto Rico through Evertec’s “Donate” feature included in its ATH Móvil application have doubled to $3 million so far in 2020 and have brought the 1.5 million users closer to the sector, company officials said. Registrations of nonprofits in the ATH Móvil donation service and the amount of donations through […]
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Evertec reports $137M in 3Q20 revenue, up 15% Y-O-Y
November 2, 2020
Financial transactions processing firm Evertec reported total revenue for the quarter ended Sept. 30, 2020 of $136.5 million, an increase of 15% compared with $118.8 million in the prior year. The company attributed the revenue increase in the quarter to sales volume growth and a “high average ticket” as businesses reopened in Puerto Rico following […]
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Evertec awards 160+ scholarships to college students in PR, LatAm
October 16, 2020
Evertec Inc. announced the results of its 6th edition of its Scholarship Program, granting more than 160 scholarships to university students in Puerto Rico and throughout Latin America for an investment exceeding $185,000. The company also revealed that a year after developing an alliance with leaders in the technology ecosystem to encourage women concentrating in […]
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Evertec, Piloto 151 launch ‘Tech Guru Talks’ to empower tech community
September 9, 2020
Tech firm Evertec announced today the launch of “Tech Guru Talks,” a series of educational sessions created in alliance with Piloto 151 to empower the technology and developer community in Puerto Rico and Latin America. The talks are free and feature world-class speakers moderated by Seriously Creative. “At Evertec we believe that technology unleashes the […]
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Evertec 4% revenue drops to $117.9M in 2Q20
August 5, 2020
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
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Evertec launches new ATH Movil contactless payment solution
July 3, 2020
Evertec Inc. announced the launch of its new ATH Movil solution that allows consumers to make payments by scanning QR codes at participating Evertec retailers, without having the card on hand. This new feature will allow the more than 1.5 million ATH Movil users to make payments at participating locations, in “an easy, secure, and […]
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Evertec opens call for 6th edition of scholarship program
May 15, 2020
In an effort to strengthen its commitment to support students heading toward a career in the industry of science, technology, engineering, and math (STEM), Evertec announced the 6th edition of its scholarship program. This year, the company hopes to help students continue their bachelor’s, master’s, and doctoral degrees in universities island wide, executives said. Applicants […]
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Triple-S launches mobile app for prescriptions home delivery
March 26, 2020
Triple-S Salud announced the launch of “Triple-S at Home,” a platform that allows members of its commercial and Medicare Advantage plans to order, manage and schedule home delivery of their prescription drugs through a mobile application. The launch moved ahead of schedule in response to the COVID-19 outbreak to give members an additional option to […]
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Puerto Rico banks, financial institutions inform special lockdown measures
March 16, 2020
Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are taking special measures to attend to customers, mostly remotely. The Puerto Rico Bankers Association said among other measures, local banks have implemented recurring periods of hand washing for employees, a control of the […]
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