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
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
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
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
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