Thursday, September 17, 2009
Heartland Named to Bank Technology News "FutureNow" List
Princeton, N.J., Sept. 17, 2009 -PIN Payments News Blog- Bank Technology News ranked Heartland Payment Systems(R) (NYSE: HPY), one of the nation's largest payments processors, as the #1 innovator in The FutureNow List, acknowledging the company for its work to further secure its systems and the payments ecosystem with end-to-end encryption. Heartland's new E3TM end-to-end encryption solution was described as "this year's biggest security invention."
Heartland's E3technology is being designed to safeguard cardholder data at rest and in motion throughout the lifecycle of payments transactions from the moment of card swipe ... to and through the payment processor's network ... and to the card brands.
According to the magazine, the company's E3 solution "has the greatest potential of any new product to impact the security of America's financial system in the coming year. And by bringing it to market just about seven months after the company announced the discovery of its massive data breach, Heartland wins kudos for reacting expeditiously to both save the company and set a standard for the rest of the industry to follow."
The FutureNow List is an annual security innovation ranking. It recognizes 10 companies that set themselves apart with their security innovations and the contributions these products will make to improving security within financial services organizations. Heartland was the only payments processor to make the list.
"We are honored to receive this acknowledgement from Bank Technology News in recognition of our E3 end-to-end encryption solution," said Bob Carr, Heartland's chairman and chief executive officer. "Our goal is to provide a secure and compelling solution that protects cardholders and merchants from the growing threat of cyber crime."
For more information on E3, visit E3secure.com.
Bank Technology News' FutureNow List ranking is available at: http://www.americanbanker.com/btn_issues/22_9/the-futurenow-list-1001433-1.html
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.
Source: Company press release.