Heartland Payment Systems® Ranks #1 in Bank Technology News FutureNow List
New E3™ end-to-end encryption solution recognized as this year’s biggest security invention
PRINCETON, NJ — September 17, 2009 — Bank Technology News ranked Heartland Payment Systems® (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 E3™ end-to-end encryption solution was described as "this year’s biggest security invention."
Heartland’s E3 technology 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 acknowledgment 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.
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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, including the risk that we are not able to successfully develop or implement our end-to-end encryption system and the risk factors 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 quarterly reports on 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