Business Services Industry
Heartland Payment Systems Helps Merchants Improve Cash Flow and Financial Management With Streamlined Card Acceptance
Business Wire, June 10, 2009
PRINCETON, N.J. -- Heartland Payment Systems® (NYSE:HPY), a leading provider of credit/debit/prepaid card processing, payroll, check management and payments solutions, is simplifying card acceptance for merchants by authorizing and settling transactions for all four major card brands. Heartland, one of the select payments processors nationwide with this capability, has been processing Visa® and MasterCard® payments since 1997 and more recently enhanced its partnerships with Discover® and American Express®.
Merchants can now conveniently receive funding, statements and customer service for the four major card brands directly from Heartland. With Heartland as the funding source, merchants get faster access to their money -- thereby improving their cash flow. One statement summarizing details for card transactions from the four brands -- as well as Heartland’s Online Merchant Center where merchants can view transactions and account information in real time -- minimize the amount of time and labor merchants devote to reconciling paperwork and help merchants better control their finances. Merchants also benefit from a single point of service with Heartland’s 24/7/365 customer support, including local sales and servicing professionals.
“Heartland is proud to be at the forefront of the card processing industry and provide our merchants with this streamlined service,” said Sanford Brown, chief sales officer at Heartland. “In this tough economy, merchants should not be hindered by the number or type of payments cards they accept. Now without hesitation, they can accept any major card a customer presents — increasing their bottom line without having to manage multiple relationships with various card brands and processors.”
About Heartland Payment Systems
Heartland Payment Systems® (NYSE: HPY), the 5th largest payments processor in the United States, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.com, and CostOfABurger.com.
Forward Looking Statements
This press release may contain statements of a forward-looking nature, which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. Information concerning these factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's annual report on Form 10- K, or Form 10-Q as applicable. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
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