Evertec, Inc. (EVTC) provides payment services for Puerto Rico and various countries in the Caribbean and Latin America. The majority of Evertec's revenue is generated in Puerto Rico and according to Moody's, Evertec is:
the dominant payments processor and a provider of the leading ATM and PIN debit networks. The company's payment processing and merchant acquiring services benefit from a secular shift to electronic forms of payments and generate recurring, transaction processing revenues. These services have high operating leverage and drive Evertec's solid adjusted EBITDA margins and good free cash flow."
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