Saturday, November 26, 2022

All posts tagged "Evertec"

  • Evertec Hearings Place Focus on Electronic Processing Fees

    Business Groups Call for More Oversight A Puerto Rico legislative probe into Evertec, an electronic transaction-processing firm, has centered around allegations that the San Juan-based company represents a monopoly in the island’s transactions, and affects local small...

    • Posted February 5, 2016
  • The Dangers of an Evertec Monopoly

    Analyzing Puerto Rico’s ATM Network In the late afternoon of Jan. 9, during the tail-end of the holiday shopping season and the beginning of back-to-school sales for the new semester, most of Puerto Rico’s debit system stopped...

    • Posted January 28, 2016
  • Evertec Inquiry Poses Important Questions

    ‘Twas three days after Reyes and all through the ATH network, not a creature was stirring, not even a mouse. In fact, it was the late afternoon of Jan. 9—from around 5 p.m. to 7 p.m.—when Puerto Rico’s debit system came to...

    • Posted January 28, 2016
  • EVERTEC to Announce 4Q, Full Year Results on Feb. 17

    SAN JUAN — Puerto Rico-based transaction processing company EVERTEC Inc. will host a conference call and webcast on Feb.17 at 5 p.m. ET to review fourth quarter and full year 2015 financial results. Participating on the call...

    • Posted January 22, 2016
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  • Senate Approves Probe Into EVERTEC after Network Outage

    SAN JUAN – The Puerto Rico Senate will investigate the processing of electronic payment transactions carried out by EVERTEC, a company based in San Juan, after it passed a resolution to such an effect Thursday. Popular Democratic...

    • Posted January 21, 2016
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  • Sen. Rivera Filomeno Calls for Probe on Payment Network Outage

    Sen. Luis Daniel Rivera Filomeno, president of the Senate Consumer Affairs Committee, has filed a resolution to investigate Saturday’s collapse of the automatic-teller machine (ATM) and points of sale network managed by Evertec, which prevented costumers from...

    • Posted January 15, 2016
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  • Evertec’s Red ATH Payments System Back Online After 2-hour Outage

    SAN JUAN — Island merchants were slowly getting access back online to Evertec’s Red ATH electronic payments network around 7 p.m. after suffering a massive service interruption around 5 p.m. Evertec is Puerto Rico’s largest electronic payments...

    • Posted January 9, 2016
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  • Puerto Rico Stock Index lost 22.36% in 2015

    SAN JUAN – The Puerto Rico Stock Index (PRSI) lost 504.05 points, or 22.36% of its value in 2015, according to the latest data released by the Government Development Bank for Puerto Rico (GDB). The PRSI stood...

    • Posted January 4, 2016