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EVERTEC Reports Fourth Quarter and Full Year 2020 Results

EVERTEC Reports Fourth Quarter and Full Year 2020 Results
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Puerto Rico , United States , Dominican Republic , Mac Schuessler , Kay Sharpton , Tarjetas Dominicanas , Joaquin Castrillo , Puerto Rico Department Of Education , Company Board Of Directors , Evertec Inc , Payments Services , Apollo Global Management , Payment Services , Exchange Commission Regulation , Group The Merger , Company Master Services Agreement , Santander Chile , Chief Executive Officer , Latin America , Merchant Acquiring , Adjusted Net Income , Puerto Rico Department , Conference Call , Chief Financial , Investor Relations , Adjusted Earnings ,

How Afterpay's changes impact business and customers


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One of the most popular payment methods used by thousands of Central Queenslanders, Afterpay, is implementing changes this month that will impact all users.
Launched in 2014, then listed on the Australian Stock Exchange in 2016, the “buy now, pay later” platform allows users to purchase and receive goods, then pay them off in fortnightly instalments.
The brainchild of Sydney man Nick Molnar and his then neighbour Anthony Eisen, the digital payment system was worth more than $1.5 billion just four years after its launch and has expanded to the US and the UK.
With more than 8 million customers worldwide, Afterpay propelled Mr Molar to the elite status of Australia’s youngest self-made billionaire in 2020, aged just 30. ....

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EVERTEC Reports Fourth Quarter and Full Year 2020 Results


Announces 2021 Outlook
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Highlights and Recent Highlights
Revenue increased 6% to $134.2 million
GAAP Net Income attributable to common shareholders was $32.3 million, or $0.44 per diluted share
Adjusted EBITDA increased 16% to $63.9 million
Adjusted earnings per common share was $0.59, or a 23% increase
Launched Santander Chile and Citibanamex products
Expanding in Mexico with Mercado Libre
Full Year 2020 Highlights
GAAP Net Income attributable to common shareholders was $104.4 million, or $1.43 per diluted share
Adjusted EBITDA increased 6% to $240.5 million
Adjusted earnings per common share was $2.07, or a 6% increase ....

Puerto Rico , United States , Mac Schuessler , Joaquin Castrillo , Puerto Rico Department Of Education , Company Board Of Directors , Evertec Inc , Apollo Global Management , Exchange Commission Regulation , Group The Merger , Company Master Services Agreement , Santander Chile , Chief Executive Officer , Latin America , Merchant Acquiring , Adjusted Net Income , Puerto Rico Department , Conference Call , Chief Financial , Investor Relations , Adjusted Earnings , Accounting Standards Codification , Segment Reporting , Exchange Commission , Net Income , Private Securities Litigation Reform Act ,

Evertec: Q4 Earnings Insights


Company Profile
Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, and Business Solutions. The company serves a diversified customer base of financial institutions, merchants, corporations and government agencies with mission-critical technology solutions that enable them to issue, process and accept transactions securely. The company derives revenue based on transaction or discount fees or fees based on the number of accounts on file.
  ....

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Evertec Inc (EVTC) Q4 2020 Earnings Call Transcript

Evertec Inc (EVTC) Q4 2020 Earnings Call Transcript
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