type public company traded as nyse hpy industry electronic payment processing founded july 15 1997 ; 19 years ago 1997 07 15 founder robert o. carr 1 headquarters princeton nj area served united states key people robert o. carr revenue 2.1 billion 2014 2 number of employees 3 734 2014 website 3 heartland payment systems inc. is a fortune 1000 u.s. based payment processing and technology provider . founded by robert o. carr in 1997 heartland payment systems is headquartered in princeton new jersey . heartland payment systems provides payment processing for more than 275 000 business locations in the united states and processes more than 11 million transactions a day and more than 80 billion in transactions a year . 2 in 2014 the nilson report ranked heartland the 6th largest payment processor in the country by transaction count and the 8th largest by processed dollar volume . 4 on april 25 2016 the company tweeted an announcement that it had successfully completed a merger with global payments systems . 5 . this wrapped up a process which began with the announcement of global payments to acquire the company in december 2015 for 3.5 billion . 6 contents 1 associated businesses 2 historical highlights 2.1 security breach 2.2 end to end encryption 2.3 open letter to the electronic payments industry 2.4 litigation against mercury payment systems 2.5 heartland secure 3 acquisitions 4 references 5 external links associated businesses edit in addition to payment processing heartland has developed or acquired businesses in payroll processing gift card and campus card solutions point of sale systems school payments and nutrition network management mobile payments and ordering ecommerce billing solutions and lending services . historical highlights edit heartland processed its first card transaction on july 15 1997 and went public on the new york stock exchange on august 11 2005 . on may 17 2010 heartland announced its debut on the list of america s largest companies at 954 . 3 security breach edit see also albert gonzalez heartland payment systems on january 20 2009 heartland announced that it had been the victim of a security breach within its processing system in 2008 . 4 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 . 5 one estimate claimed 100 million cards and more than 650 financial services companies were compromised ; at the time it was characterized as the largest ever criminal breach of card data . 6 an american computer hacker albert gonzalez was sentenced in march 2010 to 20 years in prison for his role in the hacking ring that broke into the heartland computer systems . 7 on may 1 2009 visa and heartland issued a statement that heartland successfully validated its compliance with pci dss and was returned to visa s list of pci dss validated service providers . 8 end to end encryption edit on may 24 2009 heartland commercially launched their e3 solution an end to end encryption technology designed to safeguard credit and debit card account information from the moment of card swipe and through the heartland network . 9 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 characterized its plan for end to end encryption as the first effort of its kind in the us . 10 other processors including worldpay us and several first data iso s announced end to end encryption initiatives soon after heartland announced theirs . 3 11 open letter to the electronic payments industry edit following a keynote address to the strategic leadership forum of the electronic transactions association in october 2013 heartland ceo bob carr published an open letter to the electronic payment processing industry urging an end to unethical dishonest and illegal pricing practices referencing the practice of deliberately falsifying interchange rates deliberately falsifying merchant category codes mcc and the use of confusing small print to extort large fines from merchants . 12 litigation against mercury payment systems edit in january 2014 heartland filed a lawsuit against the company mercury payment systems an electronic payment provider for alleged false advertising and other deceptive trade practices . 13 the lawsuit concerns interchange fees charged by credit card networks and alleges violations of the lanham act and state laws . 14 heartland secure edit in may 2014 heartland secure is launched . backed by a breach warranty heartland secure combines three technologies to provide merchants with security and guard against monetization of stolen card data . acquisitions edit may 30 2008 heartland completes acquisition of alliance data systems a leading provider of payment processing solutions serving a variety of industries such as petroleum convenience store parking and retail . 7 november 18 2008 heartland acquires chockstone a privately held provider of gift card programs and loyalty solutions heartland payment systems january 1 2011 heartland school solutions acquired school food service software suite lunchbox from data futures inc. a privately held provider of comprehensive k 12 school nutrition and point of sale pos solutions . october 11 2011 heartland school solutions acquired school link technologies inc. a privately held provider of comprehensive k 12 school nutrition and point of sale pos solutions . 8 july 9 2012 heartland acquired lunchbyte systems inc. a school foodservice back office management and point of sale pos company led by its nutrikids solution of menu management inventory management and pos solutions for k 12 administrators staff parents and students . 9 december 17 2012 heartland expanded its campus solutions division by acquiring ecsi a leading provider of customized payment processing solutions for the high education industry . 10 january 7 2013 heartland expanded its payroll services business by acquiring ovation payroll a leading u.s. payroll outsourcing company that offers payroll tax preparation and administration internet payroll reporting direct deposit and other services . 11 february 15 2014 heartland acquired merchant software corp. liquor pos a provider of pos systems to the liquor retail vertical . 12 april 10 2014 heartland acquired mcs software an innovative provider of school foodservice point of sale pos back office and online payment solutions for more than 4 000 k 12 schools nationwide . 13 august 14 2014 heartland announces the acquisition of leaf creator of a mobile point of sale pos tablet specifically designed for commerce . leaf s cost effective product helps retail stores restaurants and other local merchants improve the speed and ease of checkout and offers easy to use business management analytics and customer engagement . 14 september 4 2014 heartland acquired touchnet information systems inc. an integrated commerce solutions provider to higher education institutions . touchnet adds over 600 higher education clients serving over six million students nearly one third of the higher education enrollment in the united states to heartland s campus solutions business . 15 november 1 2014 heartland announced it acquired xpient solutions an enterprise level restaurant pos software service . 16 february 13 2015 heartland acquired dinerware and pc america both point of sale systems specializing in the restaurant and retail space . 17 march 1 2015 heartland acquires payroll 1 a provider of comprehensive payroll and tax filing products and services for employers in diverse industries throughout the united states 18 october 30 2015 heartland acquired digital dining a point of sale system specializing in the restaurant space 19 . references edit http www.heartlandpaymentsystems.com about heartland leadership team robert o carr a b http www.nasdaq.com symbol hpy revenue eps a b westervelt robert . first data rsa push tokenization for payment processing . www.techtarget.com . retrieved 22 september 2009 . 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 . king rachael 6 july 2009 . lessons from the data breach at heartland . retrieved 8 june 2014 . 1 heartland payment systems returns to visa s list of pci dss validated service providers 2 security breach has cost heartland 8.4 m so far computerworld uk rbs worldpay verifone market end to end card encryption solution . paymentnews.com . retrieved 12 august 2009 . open letter to the electronic payments industry heartland payment systems . heartland payment systems files federal lawsuit against mercury payment systems llc . yahoo finance . retrieved 11 february 2014 . villarreal alexandra . heartland files suit against mercury payment systems over alleged illegal practices . bank credit news . 1 31 14 . retrieved 2 5 14 . external links edit heartland payment systems . official site . retrieved from https en.wikipedia.org w index.php title heartland payment systems & oldid 742106534 categories companies listed on the new york stock exchangecompanies established in 1997online paymentscompanies based in princeton new jersey navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 1 october 2016 at 19 12 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view