Heartland Payment Systems

The last settlement related to the data breach has been achieved by Heartland Payment Systems. The payment processor has agreed to pay up to $5 million to Discover Financial Services in relation to a massive data compromise that hit the company in 2008.

Last January the payment processing firm revealed that malicious software in its processing system had been found, potentially compromising the card data of millions of people.

US fifth largest payment processor Heartland Payment Systems announced that it had installed its E3 terminals across, 1,020 merchant locations since commercially launching the industry-leading end-to-end encryption technology on May 24 at the 2010 National Restaurant Association Hotel-Motel Show in Chicago. As is known from the company reports E3 technology is developed to secure credit and debit card data against interception rendering it useless to cyber crooks.

Heartland Payment Systems have partnered with OpenBook, a division of Yellowstone Hotel Systems, to deliver secure payments to the hotel and lodging industry by integrating Heartland’s E3™ end-to-end encryption solution with OpenBook’s property management software.

It has been revealed that the infamous hacker Albert Gonzalez, who along with other individuals stood behind a data theft scheme that hit TJX, Office Max, Hannaford Brothers, 7-Eleven and Heartland Payment Systems, was paid by the US Secret Service $75,000 a year.

The US government hired Gonzales to help gather information on bank card thieves and report those findings to federal agents. Starting 2004 Gonzalez received money from the Secret Service to report information about credit card thieves he met online.

Heartland Payment Systems, the nations leading payment processor, has extended its agreement with 7-Eleven®, Inc., US largest chain in the convenience retailing industry. Under the terms of the prolonged contract the processing company will be further authorizing and settling credit and debit card transactions for more than 5,800 7-Eleven-branded convenience stores nationwide.

 Heartland Payment Systems gained an approval of its application with the New Jersey Federal Court on Monday. The payment processor asked for an order to show cause against VeriFone Holdings Inc. An expedited hearing on Heartland‘s injunction on its Lanham Act false-advertising claims was scheduled for December 7. Meantime, VeriFone’s request to transfer these claims to the Northern District of California was denied by the court. Besides, VeriFone took down the website that was using the Heartland name to lure Heartland customers.

 Heartland Payment Systems®, one of the nation’s largest payments providers, is extending its contract with transmodus, a technology leader in remote deposit and check management automation utilizing service-oriented architecture. The contract extension runs through 2015. 

 November 3, This morning – moments before Heartland Payment Systems’® scheduled 3Q09 earnings call – VeriFone Holdings, Inc. issued a news release containing false claims about the payments processor. In a disingenuous attack, VeriFone contends Heartland is not able to support its customers that use VeriFone terminals. At the same time, the news release falsely contends VeriFone can.

 Hypercom Corporation and Heartland Payment Systems have entered into a strategic partnership to provide integrated, high-security payment systems to retailers across the nation and Heartland's end-to-end encryption E3 solution.

 One of the US largest payments processing companies heartland Payments Systems has launched a new service ConfirmPaySM, powered by TransEngen™. The technology of TransEngen is said to make the healthcare payment process and revenue cycles faster and more fluent.