Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE: HPY) provides debit, prepaid, and credit card processing, online payments, check processing, payroll services and a growing line of industry solutions for small to mid-sized merchants. Founded by Robert O. Carr in 1997, Heartland Payment Systems is headquartered in Princeton, New Jersey. There are also offices nationally in Texas, Colorado, Tennessee, Oregon, Indiana, New York, Arizona, Kentucky, Pennsylvania and Ohio.
Heartland Payment Systems processes transactions for more than 250,000 business locations in the United States. Heartland Payment Systems currently processes more than 11 million transactions a day and more than $120 billion in transactions a year. Heartland focuses its efforts on small to mid-sized businesses.
On January 20, 2009 Heartland announced that it had been "the victim of a security breach within its processing system in 2008". The data stolen included the digital information encoded onto the magnetic stripe built into the backs of credit and debit cards; with that data, thieves can fashion counterfeit credit cards by imprinting the same stolen information onto fabricated cards.
On May 1, 2009, Visa and Heartland issued a statement that Heartland successfully validated its compliance with PCI DSS and has been returned to Visa's list of PCI DSS Validated Service Providers.
Several days later, on May 8, 2009, Gartner Analyst Avivah Litan stated that Heartland "is basically leading the way for the rest of the industry." She also noted that its plan for end-to-end encryption will be the first effort of its kind in the US.
- "Heartland Payment Systems Uncovers Malicious Software In Its Processing System". January 20, 2008. Retrieved 2009-01-21.
- Brian Krebs (January 20, 2009). "Payment Processor Breach May Be Largest Ever". Washington Post.
- Hacker Charged With Heartland, Hannaford Breaches - wired.com - August 17, 2009
- Heartland Payment Systems Returns to Visa's List of PCI DSS Validated Service Providers
- Security breach has cost Heartland £8.4m so far, Computerworld UK