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Heartland First to Offer Comprehensive Merchant Breach WarrantyHeartland Payment Systems (NYSE:HPY), one of the nation's largest payment processors, today announced it is the first company to offer a comprehensive warranty that protects businesses from payment card breach losses in the event of a breach. (Photo: Business Wire) Heartland's breach warranty is offered at no charge to its Heartland Secure™ merchants in the first year and can be extended for $8.33 per month per card-entry device. To be covered under the warranty, a merchant must have a Heartland Secure-certified device and process payments through Heartland on that device. Key Highlights/Facts
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"Protecting customers is our number one priority and the breach warranty that we've developed will cover a merchant's breach-related costs in the case of a breach of card numbers. Heartland Secure technology materially reduces the opportunity for criminals to monetize AES (Advanced Encryption Standard) encrypted card data." "Knowing that cyber criminals are becoming more sophisticated and small businesses are their new targets, our Heartland breach warranty provides peace of mind. The merchants wih Heartland Secure™-certified devices, who are processing with us, are fully protected by the breach warranty."
"Many small business owners aren't aware of the magnitude of data security breaches or the potential liabilities lurking around the corner. Damage to a company's reputation can be catastrophic, and the fines can be overwhelming. By combining EMV, encryption and tokenization, Heartland eliminates clear text-card data from the merchant's point-of-sale system and network. As we have seen in recent breaches at major retailers and restaurants, it is difficult to maintain a secure network. Through encryption and tokenization, a merchant eliminates clear text card data so if their network is breached, there is no card data to steal and monetize." Video / Photos / Images
Supporting Resources
About Heartland Heartland Payment Systems, Inc. (NYSE: HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, point of sale, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 300,000 business and educational 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. Heartland also established The Sales Professional Bill of Rights to advocate for the rights of sales professionals everywhere. More detailed information can be found at HeartlandPaymentSystems.com. Forward-looking Statements This press release contains 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 risks and additional factors that are described in the Company's Securities and Exchange Commission filings, including but not limited to the Company's annual report on Form 10-K for the year ended December 31, 2013. Given these risks and uncertainties, prospective and current investors are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150112005260/en/ |