Twenty Colleges Choose Heartland Payment Systems®
for Financial Aid Disbursement Services
Roster of Higher Education Institutions Growing Rapidly for Heartland’s Campus Solutions Division
PRINCETON, N.J. (January 12, 2012) – Continuing its swift expansion in the campus marketplace, Heartland Payment Systems (NYSE: HPY) Campus Solutions division has been awarded contracts by 12 higher education districts and campuses totaling 20 different colleges to manage financial aid disbursement and refund management with its Acceluraid™ electronic financial aid disbursement product.
Representing more than 110,000 enrolled students and nearly $290 million in annual financial aid refunds, these colleges include:
- North Central Missouri College
- Mississippi Delta Community College
- Northwest Florida State College
- Pittsburgh (PA) Technical Institute
- Emmanuel College (GA)
- Nash Community College (NC)
- Mineral Area College (MO)
- Southern Union State Community College (AL)
|
- Peirce College (PA)
- Aims Community College (CO)
- Ottawa University (KS, IN, WI, AZ)
- Alamo Community College District in Texas (Southwest Campus, San Antonio College, Palo Alto College, St. Philip’s College, Northeast Lakeview College, Northwest Vista College)
|
“Available as a standalone solution or integrated with Heartland’s complete campus OneCard system, Acceluraid simplifies a campus’ refund process by eliminating paper checks, while reducing the costs, delays and operational hurdles typically associated with financial aid disbursement,” said Ron Farmer, executive director of campus solutions and micropayments for Heartland Payment Systems. “Acceluraid also allows colleges to provide benefits to students such as faster and more convenient access to financial aid funds without charging pin debit and other fees, unlike many competing products in the marketplace.”
Acceluraid provides students with a dedicated website to conveniently access information, transaction history and more about their school-branded Discover® prepaid debit card that’s issued by Oklahoma-based Central National Bank. Upon activation, students’ financial aid funds are automatically deposited to the card and they can then use their funds anywhere Discover is accepted, including many attended or unattended campus services such as dining, vending, printing, bookstore and more, as well as for online bill pay, and free withdrawals from Heartland ATMs placed on campuses.
“By offering simplicity and a variety of benefits, Acceluraid enhances the overall campus experience for students while enabling them to more efficiently manage their financial aid refunds,” added Farmer. “Heartland’s overriding goal is to help students while providing academic institutions with cost-effective payments processing, unique campus card programs, and state-of-the-art financial aid disbursement.”
About Heartland Payment Systems
Heartland Payment Systems (NYSE: HPY), the 5th largest payments processor in the United States, delivers credit/debit/prepaid card processing, gift marketing and loyalty programs, payroll, check management and related business solutions to more than 250,000 business locations nationwide. A FORTUNE 1000 company, 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. The company is also a leader in the development of end-to-end encryption technology designed to protect cardholder data, rendering it useless to cybercriminals. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.org, CostOfABurger.com and E3secure.com.
Contacts
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.