Heartland Payment Systems® Commercially Launches State-of-the-Art Payment Card Security Technology

Designed to protect businesses and consumers nationwide, Heartland’s end-to-end encryption safeguards credit and debit card account information from the moment of card swipe and through the Heartland network. With no additional transaction fees charged to merchants, E3 also reduces the cost of Payment Card Industry (PCI) compliance and the risk of being non-compliant.

NRA Show 2010

CHICAGO--(BUSINESS WIRE)-- 2010 National Restaurant Association, Hotel-Motel Show ― Heartland Payment Systems^® (NYSE:HPY), the nation’s fifth largest payments processor, has commercially launched its new, state-of-the-art payment card security technology — making it available to merchants and business owners nationwide. Heartland has spent more than two years developing and ten months beta testing and iteratively improving this end-to-end encryption technology — called E3™ — that is designed to protect cardholder credit and debit card data, rendering scrambled data useless to cybercriminals.

“Card Payment Security for the Small Merchant”

“Heartland leveraged its unique experience and knowledge to develop E3 — and made the financial investment needed to protect this sensitive information. Data is protected from the point of swipe and through Heartland’s processing network — not just at certain points during the transaction flow,” noted Bob Carr, Heartland’s chairman and chief executive officer. “We are making the highest degree of security available to every merchant regardless of size — without charging extra monthly or transaction fees and taxes. Additionally, because E3 does not allow card numbers to exist on or through a merchant’s system or network — when combined with our Self-Assessment Questionnaire (SAQ) assistance services — E3 reduces the cost of PCI compliance and the risk of non-compliance for business owners.”

In today’s world, protecting cardholder data is critical — for merchants and consumers alike. In the past two years, there were more than 650 reported breaches — a significant number considering many believe the majority of breaches are never reported. That number continues to increase daily because — in just a few brief seconds — from the time a customer swipes a credit or debit card to pay for a purchase until the transaction is complete, sensitive cardholder data can be vulnerable. If a business’ system is breached without encrypted card data, the owner may be forced to pay steep fines and deal with the stress and cost of legal issues, business recovery and rebuilding customer confidence — and potentially the possibility of going out of business.

To protect against this, E3 features layers of security using both software and tamper-resistant hardware — employing the Advanced Encryption Standard of encryption — AES — the most secure encryption algorithms available. E3 encrypts all Track 1 and 2 data from the card’s magnetic stripe the moment it is converted from analog to digital data and enters a merchant’s system as scrambled data … never storing card numbers or passing them through the merchant’s system or network.

Carr explains, “Centuries ago, cities across the world gave up on trying to protect themselves by making walls higher and thicker and more distant with moats. The enemy was always finding new ways to destroy the walls or circumvent the security efforts with Trojan horse attacks. We believe it is important to make card data indiscernible as it enters the payment cycle so if the firewalls are too weak, the enemy gains nothing of commercial value. We believe this is the enhanced security method the payment industry requires in today’s world.”

E3 is easy and cost-effective to implement. There are no changes to a merchant’s daily routine or the speed of transactions — and no large equipment investment. Merchants purchase an E3 terminal or PC-based magnetic stripe reader/wedge* at — or below — the prices of standard, less-secure processing equipment on the market today. E3 devices include EMV/chip card technology capabilities — which may be coming to the United States — and the ability to update encryption technology.

Once the hardware is installed, merchants continue normal business operations — saving time and money because E3 automates the process of continually changing the encryption keys that convert sensitive account information to encrypted data. These necessary encryption updates are performed at no extra cost to business owners. In line with Heartland’s goal of making adoption of state-of-the-art data security easy for business owners nationwide, Heartland also does not impose extra — unnecessary — monthly or transaction fees and “taxes” for E3 technology.

Additionally, Heartland helps the vast majority of merchants who use E3 complete the appropriate forms required for PCI compliance so they don’t have to decipher the complexities by themselves. All business owners who accept credit and debit cards are subject to the standards of the PCI Council. The PCI Data Security Standards (DSS) define how sensitive data is stored, processed and transmitted. Most owners of small and mid-sized businesses are on their own to ensure they meet the more than 230 PCI standards.

Lastly, in the unlikely event of a data breach using E3, Heartland — with its “E3 End-to-End Encryption Warranty” — will reimburse a merchant’s breach-related fines. If, during the warranty period on any particular Heartland E3 device, the device fails to prevent the unauthorized decryption of cardholder data on that particular device, and that failure is a result of a defect or error in Heartland’s software or hardware, Heartland will pay the merchant the amount of compliance fines, fees and/or assessments the merchant pays to the card brands, issuing bank or acquiring bank. Heartland will also pay the merchant any costs he/she pays for a directly related forensic audit conducted by a PCI-certified Qualified Incident Response Assessor.

“Data security is mission critical in today’s world,” Carr concluded. “That’s why Heartland is taking a leadership role in making end-to-end encryption available and easy to implement for merchants large and small. While not a silver bullet, we feel this technology is a significant leap forward in helping the payments industry — as well as merchants and consumers — mitigate much of the risk of cybercrime. We have been working on this solution for two years now and are proud to be able to offer it to the stakeholders of the electronic payments world.”

For more information on this warranty and E3, access to a new payments security blog — “The E3 Blog” — and “Card Payment Security for the Small Merchant,” a white paper written by Mercator Advisory Group’s George Peabody — visit E3secure.com. To request photos of E3 hardware, contact LBrown@VaultCommunications.com.

* PC-based point-of-sale (POS) systems may require some integration by the POS provider.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE: HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, gift marketing, payroll, check managementand related business 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.org, CostOfABurger.com andE3secure.com.

Contacts

Leanne Scott Brown

Vault Communications

610.455.2742

LBrown@VaultCommunications.com

or

Nancy Gross

Heartland Payment Systems

888.798.3131 x2202

Nancy.Gross@e-hps.com

Permalink: http://www.businesswire.com/news/home/20100524005829/en/Heartland-Payment-Systems%C2%AE-Commercially-Launches-State-of-the-Art-Payment

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Heartland Payment Systems® Commercially Launches State-of-the-Art Payment Card Security Technology

Designed to protect businesses and consumers nationwide, Heartland’s end-to-end encryption safeguards credit and debit card account information from the moment of card swipe and through the Heartland network. With no additional transaction fees charged to merchants, E3 also reduces the cost of Payment Card Industry (PCI) compliance and the risk of being non-compliant.

NRA Show 2010

CHICAGO--(BUSINESS WIRE)-- 2010 National Restaurant Association, Hotel-Motel Show ― Heartland Payment Systems^® (NYSE:HPY), the nation’s fifth largest payments processor, has commercially launched its new, state-of-the-art payment card security technology — making it available to merchants and business owners nationwide. Heartland has spent more than two years developing and ten months beta testing and iteratively improving this end-to-end encryption technology — called E3™ — that is designed to protect cardholder credit and debit card data, rendering scrambled data useless to cybercriminals.

“Card Payment Security for the Small Merchant”

“Heartland leveraged its unique experience and knowledge to develop E3 — and made the financial investment needed to protect this sensitive information. Data is protected from the point of swipe and through Heartland’s processing network — not just at certain points during the transaction flow,” noted Bob Carr, Heartland’s chairman and chief executive officer. “We are making the highest degree of security available to every merchant regardless of size — without charging extra monthly or transaction fees and taxes. Additionally, because E3 does not allow card numbers to exist on or through a merchant’s system or network — when combined with our Self-Assessment Questionnaire (SAQ) assistance services — E3 reduces the cost of PCI compliance and the risk of non-compliance for business owners.”

In today’s world, protecting cardholder data is critical — for merchants and consumers alike. In the past two years, there were more than 650 reported breaches — a significant number considering many believe the majority of breaches are never reported. That number continues to increase daily because — in just a few brief seconds — from the time a customer swipes a credit or debit card to pay for a purchase until the transaction is complete, sensitive cardholder data can be vulnerable. If a business’ system is breached without encrypted card data, the owner may be forced to pay steep fines and deal with the stress and cost of legal issues, business recovery and rebuilding customer confidence — and potentially the possibility of going out of business.

To protect against this, E3 features layers of security using both software and tamper-resistant hardware — employing the Advanced Encryption Standard of encryption — AES — the most secure encryption algorithms available. E3 encrypts all Track 1 and 2 data from the card’s magnetic stripe the moment it is converted from analog to digital data and enters a merchant’s system as scrambled data … never storing card numbers or passing them through the merchant’s system or network.

Carr explains, “Centuries ago, cities across the world gave up on trying to protect themselves by making walls higher and thicker and more distant with moats. The enemy was always finding new ways to destroy the walls or circumvent the security efforts with Trojan horse attacks. We believe it is important to make card data indiscernible as it enters the payment cycle so if the firewalls are too weak, the enemy gains nothing of commercial value. We believe this is the enhanced security method the payment industry requires in today’s world.”

E3 is easy and cost-effective to implement. There are no changes to a merchant’s daily routine or the speed of transactions — and no large equipment investment. Merchants purchase an E3 terminal or PC-based magnetic stripe reader/wedge* at — or below — the prices of standard, less-secure processing equipment on the market today. E3 devices include EMV/chip card technology capabilities — which may be coming to the United States — and the ability to update encryption technology.

Once the hardware is installed, merchants continue normal business operations — saving time and money because E3 automates the process of continually changing the encryption keys that convert sensitive account information to encrypted data. These necessary encryption updates are performed at no extra cost to business owners. In line with Heartland’s goal of making adoption of state-of-the-art data security easy for business owners nationwide, Heartland also does not impose extra — unnecessary — monthly or transaction fees and “taxes” for E3 technology.

Additionally, Heartland helps the vast majority of merchants who use E3 complete the appropriate forms required for PCI compliance so they don’t have to decipher the complexities by themselves. All business owners who accept credit and debit cards are subject to the standards of the PCI Council. The PCI Data Security Standards (DSS) define how sensitive data is stored, processed and transmitted. Most owners of small and mid-sized businesses are on their own to ensure they meet the more than 230 PCI standards.

Lastly, in the unlikely event of a data breach using E3, Heartland — with its “E3 End-to-End Encryption Warranty” — will reimburse a merchant’s breach-related fines. If, during the warranty period on any particular Heartland E3 device, the device fails to prevent the unauthorized decryption of cardholder data on that particular device, and that failure is a result of a defect or error in Heartland’s software or hardware, Heartland will pay the merchant the amount of compliance fines, fees and/or assessments the merchant pays to the card brands, issuing bank or acquiring bank. Heartland will also pay the merchant any costs he/she pays for a directly related forensic audit conducted by a PCI-certified Qualified Incident Response Assessor.

“Data security is mission critical in today’s world,” Carr concluded. “That’s why Heartland is taking a leadership role in making end-to-end encryption available and easy to implement for merchants large and small. While not a silver bullet, we feel this technology is a significant leap forward in helping the payments industry — as well as merchants and consumers — mitigate much of the risk of cybercrime. We have been working on this solution for two years now and are proud to be able to offer it to the stakeholders of the electronic payments world.”

For more information on this warranty and E3, access to a new payments security blog — “The E3 Blog” — and “Card Payment Security for the Small Merchant,” a white paper written by Mercator Advisory Group’s George Peabody — visit E3secure.com. To request photos of E3 hardware, contact LBrown@VaultCommunications.com.

* PC-based point-of-sale (POS) systems may require some integration by the POS provider.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE: HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, gift marketing, payroll, check managementand related business 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.org, CostOfABurger.com andE3secure.com.

Contacts

Leanne Scott Brown

Vault Communications

610.455.2742

LBrown@VaultCommunications.com

or

Nancy Gross

Heartland Payment Systems

888.798.3131 x2202

Nancy.Gross@e-hps.com

Permalink: http://www.businesswire.com/news/home/20100524005829/en/Heartland-Payment-Systems%C2%AE-Commercially-Launches-State-of-the-Art-Payment

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• Heartland and MasterCard Agree to $41.4 Million Intrusion Settlement (pindebit.blogspot.com)


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Heartland Payment Systems Reports First Quarter Results

PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems, Inc. (NYSE: HPY), one of the nation’s largest payments processors, today announced first quarter GAAP net income of $14.2 million, or $0.36 per fully diluted share. Results for the quarter include $20.4 million (pre-tax), or $0.32 per diluted share, of insurance recoveries associated with processing system intrusion costs, net of expenses related to the processing system intrusion. Excluding such net recoveries, first quarter Adjusted Net Income was $1.6 million or $0.04 per Diluted Share.

Highlights for the First Quarter include:

• Small and Mid-Sized merchant (SME) transaction processing volume of $14.4 billion, up 7.2% compared with the first quarter of 2009


• Transactions processed for Large National merchants of 685 million, up 6.8% compared with the first quarter of 2009


• Quarterly net revenue of $103.8 million, up 5.4% compared with the first quarter of 2009


• 94.6% of new merchants installed were on HPS Exchange compared to 91.2% in the first quarter of 2009


• A 370 basis point sequential improvement in same store sales performance (1.5%) relative to the fourth quarter of 2009, the third quarter of sequential same store sales improvement


• SFAS 123R stock compensation expense of $1.6 million, or $0.02 per share

Robert Carr, Chairman and CEO, said, “Growth rates in two key performance metrics, transaction processing volume and same store sales, both improved each month in the quarter, reflecting our merchants’ strengthening business conditions. Though adjusted earnings in the quarter were down from the year ago period, they were consistent with the outcome we could expect based on our planned investment spending on new growth initiatives, including the Heartland Summit, compounding our seasonally weak first quarter. Expense growth has been considerably slowed through our efficiency and productivity initiatives, though elevated merchant losses weighed on first quarter margins. The recovery in same store sales is encouraging, including positive March same store sales, the first monthly increase in nearly two years. The timing of the roll out of our new growth initiatives is opportune as there are signs that a rebounding economy is increasing customer traffic at our small and mid-sized merchants. We believe we are well-positioned to leverage our franchise to gain share in attractive growth markets that will create value for our shareholders.”

Net revenues in the first quarter of 2010 were $103.8 million, an increase of 5.4% compared to $98.5 million in the first quarter of 2009. Card processing volume for the three months ended March 31, 2010 was $14.4 billion, an increase of 7.2% compared to the three months ended March 31, 2009, primarily due to contributions from the ramp up in Discover and American Express activity, as well as growth in other SME merchant volume. In the first quarter of 2010, operating income as a percentage of net revenues was 2.5%, reflecting the economy’s impact on net revenue growth, the expensing of our periodic Sales and Servicing Summit and higher merchant losses in the quarter. Margins also continue to reflect higher stock compensation expense in our general and administrative expenses. In the first quarter, the Company recovered approximately $26.8 million of the costs it incurred for the processing system intrusion from its insurance providers and expensed approximately $6.4 million for accruals, legal fees and costs it incurred for investigations and defending various claims and actions, for a net recovery of $20.4 million. These various expenses, accruals and recoveries are shown separately in the Company’s Statement of Operations.

Mr. Carr continued, “The first quarter was a period of significant progress in introducing significant changes in our organization as part of the aggressive launch of exciting new sales and marketing campaigns. Our relationship managers are now fully engaged in our new vertical market strategy and are in the field with programs specifically targeting the restaurant, lodging and medical verticals; at the same time, our sales leadership is now implementing our aggressive hiring plan. This month we are introducing our fully encrypted end-to-end terminal solution to the market, offering merchants and their customers what we believe to be the highest level of data security available in the marketplace. Both our American Express One Point and Discover MAP programs are driving increased processing and servicing activity, making Heartland one of the few merchant processors capable of settling transactions from all of the four major card issuers. And, our Payroll, CampusCard and Gift Marketing programs are all achieving continued success opening new markets where we will seek to further grow the Heartland franchise. With the economy showing signs of stabilization - if not improvement - transaction processing volume is expected to experience better performance as cards increasingly become the payment vehicle of choice. This is an opportune time to leverage our strategic initiatives to achieve our long-term growth objectives.”

Reconciliation of Non-GAAP Financial Measures And Regulation G Disclosure

Continue Reading

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Heartland Payment Systems Reports First Quarter Results

PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems, Inc. (NYSE: HPY), one of the nation’s largest payments processors, today announced first quarter GAAP net income of $14.2 million, or $0.36 per fully diluted share. Results for the quarter include $20.4 million (pre-tax), or $0.32 per diluted share, of insurance recoveries associated with processing system intrusion costs, net of expenses related to the processing system intrusion. Excluding such net recoveries, first quarter Adjusted Net Income was $1.6 million or $0.04 per Diluted Share.

Highlights for the First Quarter include:

• Small and Mid-Sized merchant (SME) transaction processing volume of $14.4 billion, up 7.2% compared with the first quarter of 2009


• Transactions processed for Large National merchants of 685 million, up 6.8% compared with the first quarter of 2009


• Quarterly net revenue of $103.8 million, up 5.4% compared with the first quarter of 2009


• 94.6% of new merchants installed were on HPS Exchange compared to 91.2% in the first quarter of 2009


• A 370 basis point sequential improvement in same store sales performance (1.5%) relative to the fourth quarter of 2009, the third quarter of sequential same store sales improvement


• SFAS 123R stock compensation expense of $1.6 million, or $0.02 per share

Robert Carr, Chairman and CEO, said, “Growth rates in two key performance metrics, transaction processing volume and same store sales, both improved each month in the quarter, reflecting our merchants’ strengthening business conditions. Though adjusted earnings in the quarter were down from the year ago period, they were consistent with the outcome we could expect based on our planned investment spending on new growth initiatives, including the Heartland Summit, compounding our seasonally weak first quarter. Expense growth has been considerably slowed through our efficiency and productivity initiatives, though elevated merchant losses weighed on first quarter margins. The recovery in same store sales is encouraging, including positive March same store sales, the first monthly increase in nearly two years. The timing of the roll out of our new growth initiatives is opportune as there are signs that a rebounding economy is increasing customer traffic at our small and mid-sized merchants. We believe we are well-positioned to leverage our franchise to gain share in attractive growth markets that will create value for our shareholders.”

Net revenues in the first quarter of 2010 were $103.8 million, an increase of 5.4% compared to $98.5 million in the first quarter of 2009. Card processing volume for the three months ended March 31, 2010 was $14.4 billion, an increase of 7.2% compared to the three months ended March 31, 2009, primarily due to contributions from the ramp up in Discover and American Express activity, as well as growth in other SME merchant volume. In the first quarter of 2010, operating income as a percentage of net revenues was 2.5%, reflecting the economy’s impact on net revenue growth, the expensing of our periodic Sales and Servicing Summit and higher merchant losses in the quarter. Margins also continue to reflect higher stock compensation expense in our general and administrative expenses. In the first quarter, the Company recovered approximately $26.8 million of the costs it incurred for the processing system intrusion from its insurance providers and expensed approximately $6.4 million for accruals, legal fees and costs it incurred for investigations and defending various claims and actions, for a net recovery of $20.4 million. These various expenses, accruals and recoveries are shown separately in the Company’s Statement of Operations.

Mr. Carr continued, “The first quarter was a period of significant progress in introducing significant changes in our organization as part of the aggressive launch of exciting new sales and marketing campaigns. Our relationship managers are now fully engaged in our new vertical market strategy and are in the field with programs specifically targeting the restaurant, lodging and medical verticals; at the same time, our sales leadership is now implementing our aggressive hiring plan. This month we are introducing our fully encrypted end-to-end terminal solution to the market, offering merchants and their customers what we believe to be the highest level of data security available in the marketplace. Both our American Express One Point and Discover MAP programs are driving increased processing and servicing activity, making Heartland one of the few merchant processors capable of settling transactions from all of the four major card issuers. And, our Payroll, CampusCard and Gift Marketing programs are all achieving continued success opening new markets where we will seek to further grow the Heartland franchise. With the economy showing signs of stabilization - if not improvement - transaction processing volume is expected to experience better performance as cards increasingly become the payment vehicle of choice. This is an opportune time to leverage our strategic initiatives to achieve our long-term growth objectives.”

Reconciliation of Non-GAAP Financial Measures And Regulation G Disclosure

Continue Reading

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• MasterCard Incorporated Reports First-Quarter 2010 Financial Results (pindebit.blogspot.com)


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Heartland Payment Systems® and MICROS Renew Business Relationship

Companies reach settlement and begin product integration

PRINCETON, N.J. & COLUMBIA, Md.--(BUSINESS WIRE)--Heartland Payment Systems® (NYSE: HPY) and MICROS Systems, Inc. (NASDAQ:MCRS) have reached an amicable settlement of a 2007 lawsuit, and have concluded a restructured and expanded business relationship in which they are now working together to bring new payments solutions to the restaurant, lodging, and retail industries.

Heartland, one of the nation’s largest payments processors, is the National Restaurant Association’s official preferred provider of card processing, payroll, check management, tip management and gift marketing services (www.gofullcourse.com) and the official preferred provider of card processing, payroll, check management and tip management services for the American Hotel & Lodging Association. MICROS is a leading provider of information technology solutions for the hospitality and retail industries.

The two companies are finalizing development of interfaces that will better integrate their respective products. Heartland and MICROS are also collaborating on other product innovations designed to protect transactions originated by MICROS’s Simphony platform, an enterprise, service-oriented architecture POS product for the hospitality industry, with E3™. E3 is Heartland’s end-to-end security solution designed to protect cardholder data from the moment of swipe, to and through its processing network, and to participating card brands.

Initial development work integrating Heartland’s processing and MICROS’s POS system is expected to be completed in summer 2010.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (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.org, CostOfABurger.com and E3secure.com.

About MICROS Systems, Inc.

MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 25,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 90,000 retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.

Heartland Payment Systems® and MICROS Renew Business Relationship

Companies reach settlement and begin product integration

PRINCETON, N.J. & COLUMBIA, Md.--(BUSINESS WIRE)--Heartland Payment Systems® (NYSE: HPY) and MICROS Systems, Inc. (NASDAQ:MCRS) have reached an amicable settlement of a 2007 lawsuit, and have concluded a restructured and expanded business relationship in which they are now working together to bring new payments solutions to the restaurant, lodging, and retail industries.

Heartland, one of the nation’s largest payments processors, is the National Restaurant Association’s official preferred provider of card processing, payroll, check management, tip management and gift marketing services (www.gofullcourse.com) and the official preferred provider of card processing, payroll, check management and tip management services for the American Hotel & Lodging Association. MICROS is a leading provider of information technology solutions for the hospitality and retail industries.

The two companies are finalizing development of interfaces that will better integrate their respective products. Heartland and MICROS are also collaborating on other product innovations designed to protect transactions originated by MICROS’s Simphony platform, an enterprise, service-oriented architecture POS product for the hospitality industry, with E3™. E3 is Heartland’s end-to-end security solution designed to protect cardholder data from the moment of swipe, to and through its processing network, and to participating card brands.

Initial development work integrating Heartland’s processing and MICROS’s POS system is expected to be completed in summer 2010.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (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.org, CostOfABurger.com and E3secure.com.

About MICROS Systems, Inc.

MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 25,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 90,000 retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.

Heartland Payment Systems Links Campus ID and Debit Card

April 14, 2010 08:05 AM Eastern Daylight Time  

Heartland Payment Systems® Revolutionizes Campus Financial Aid Disbursement by Linking Campus ID and Debit Card to a Single Financial Account

Students and administrators at North Central Missouri College first to benefit from the new Acceluraid^SM solution

PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems'® (NYSE: HPY) Campus Solutions division is revolutionizing financial aid disbursement with Acceluraid^SM, the first electronic aid distribution platform that utilizes a single financial account for seamless integration with a campus card system — Heartland’s OneCard System.

Acceluraid allows students fast and convenient access to their financial aid refunds through a unified financial account that links to a prepaid campus ID card ― Heartland’s Campus OneCard ― as well as a school-branded debit card sponsored by a leading card brand, satisfying Title IV, Regulation E and PCI requirements. Acceluraid can also be used as a standalone platform by distributing aid to a financial account linked only to a debit card. Whether standalone or integrated, Acceluraid eliminates the need to issue paper checks, reducing the costs, delays and operational hurdles typically associated with aid disbursement.

Bill Norwood, director and chief architect at Heartland Campus Solutions explains, “At a time when other service providers are ceasing delivery of aid to student card accounts due to an inability to meet PCI and other regulatory mandates, we have created an innovative solution that is fully standards-compliant. Acceluraid enables us to integrate financial aid funds into students’ existing prepaid OneCard accounts.”

This single-account system allows students to use their campus ID cards as they normally would with Heartland’s OneCard System — to access buildings and parking facilities, library and dining services as well as make purchases on-campus at bookstores, vending and laundry machines. In addition, Acceluraid can be used as a component of Heartland’s off-campus merchant program giving students the ability to use their campus ID cards to make purchases at participating businesses. Further, Acceluraid expands students’ off-campus purchasing power by providing them with a debit card from a major card brand that is accepted at millions of locations.

By using an integrated financial account for both the debit and prepaid campus ID cards, campus administrators only need to make deposits to — and manage — a single account for each student.

North Central Missouri College (NCMC) in Trenton, MO, debuted the Acceluraid program in January 2010 — distributing $2 million in financial aid to its 1,700 students. The program has created new opportunities that allow students faster and more convenient access to their financial aid refunds. Students have the advantage of utilizing their funds through online bill pay, free withdrawals from the ATM Heartland provided at the Ketcham Community Center as well as cash back options from participating merchants.

According to Sharon Barnett, vice president of administrative services at NCMC, “Acceluraid has transformed financial aid disbursement on our campus. It enables our administration to save money on personnel costs, check issuance and reconciliation issues caused by delayed deliveries and lost or returned checks. By connecting financial aid to students’ existing accounts, we’re able to deliver funds in a more timely manner and offer students the flexibility they need to use their aid most effectively. In the near future, we also plan to disburse the student payroll via the OneCard system.”

Acceluraid is just one of the ways Heartland Campus Solutions is changing the landscape for academic institutions nationwide. Heartland offers unique campus card programs, state-of-the-art access control/security systems and cost-effective payments processing. For more information about Acceluraid and Heartland’s suite of products, visit HeartlandPaymentSystems.com/Campus or call 800.486.4462 x11535.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (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.org, CostOfABurger.com and E3secure.com.

Contacts

Vault Communications

Leanne Scott Brown

610-455-2742

LBrown@VaultCommunications.com

or

Heartland Payment Systems

Nancy Gross

888-798-3131 x2202

Nancy.Gross@e-hps.com

Permalink: http://www.businesswire.com/news/home/20100414005335/en/Heartland-Payment-Systems%C2%AE-Revolutionizes-Campus-Financial-Aid

Heartland Payment Systems Links Campus ID and Debit Card

April 14, 2010 08:05 AM Eastern Daylight Time  

Heartland Payment Systems® Revolutionizes Campus Financial Aid Disbursement by Linking Campus ID and Debit Card to a Single Financial Account

Students and administrators at North Central Missouri College first to benefit from the new Acceluraid^SM solution

PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems'® (NYSE: HPY) Campus Solutions division is revolutionizing financial aid disbursement with Acceluraid^SM, the first electronic aid distribution platform that utilizes a single financial account for seamless integration with a campus card system — Heartland’s OneCard System.

Acceluraid allows students fast and convenient access to their financial aid refunds through a unified financial account that links to a prepaid campus ID card ― Heartland’s Campus OneCard ― as well as a school-branded debit card sponsored by a leading card brand, satisfying Title IV, Regulation E and PCI requirements. Acceluraid can also be used as a standalone platform by distributing aid to a financial account linked only to a debit card. Whether standalone or integrated, Acceluraid eliminates the need to issue paper checks, reducing the costs, delays and operational hurdles typically associated with aid disbursement.

Bill Norwood, director and chief architect at Heartland Campus Solutions explains, “At a time when other service providers are ceasing delivery of aid to student card accounts due to an inability to meet PCI and other regulatory mandates, we have created an innovative solution that is fully standards-compliant. Acceluraid enables us to integrate financial aid funds into students’ existing prepaid OneCard accounts.”

This single-account system allows students to use their campus ID cards as they normally would with Heartland’s OneCard System — to access buildings and parking facilities, library and dining services as well as make purchases on-campus at bookstores, vending and laundry machines. In addition, Acceluraid can be used as a component of Heartland’s off-campus merchant program giving students the ability to use their campus ID cards to make purchases at participating businesses. Further, Acceluraid expands students’ off-campus purchasing power by providing them with a debit card from a major card brand that is accepted at millions of locations.

By using an integrated financial account for both the debit and prepaid campus ID cards, campus administrators only need to make deposits to — and manage — a single account for each student.

North Central Missouri College (NCMC) in Trenton, MO, debuted the Acceluraid program in January 2010 — distributing $2 million in financial aid to its 1,700 students. The program has created new opportunities that allow students faster and more convenient access to their financial aid refunds. Students have the advantage of utilizing their funds through online bill pay, free withdrawals from the ATM Heartland provided at the Ketcham Community Center as well as cash back options from participating merchants.

According to Sharon Barnett, vice president of administrative services at NCMC, “Acceluraid has transformed financial aid disbursement on our campus. It enables our administration to save money on personnel costs, check issuance and reconciliation issues caused by delayed deliveries and lost or returned checks. By connecting financial aid to students’ existing accounts, we’re able to deliver funds in a more timely manner and offer students the flexibility they need to use their aid most effectively. In the near future, we also plan to disburse the student payroll via the OneCard system.”

Acceluraid is just one of the ways Heartland Campus Solutions is changing the landscape for academic institutions nationwide. Heartland offers unique campus card programs, state-of-the-art access control/security systems and cost-effective payments processing. For more information about Acceluraid and Heartland’s suite of products, visit HeartlandPaymentSystems.com/Campus or call 800.486.4462 x11535.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (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.org, CostOfABurger.com and E3secure.com.

Contacts

Vault Communications

Leanne Scott Brown

610-455-2742

LBrown@VaultCommunications.com

or

Heartland Payment Systems

Nancy Gross

888-798-3131 x2202

Nancy.Gross@e-hps.com

Permalink: http://www.businesswire.com/news/home/20100414005335/en/Heartland-Payment-Systems%C2%AE-Revolutionizes-Campus-Financial-Aid