Heartland Payment Systems Adds E-Check Functionality to Offer Single Platform for Check Management

PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems^® (NYSE:HPY), one of the nation’s largest payments processors, has added Automated Clearing House (ACH) functionality to its Express Funds^SM check management platform, which is powered by transmodus. The consolidation of the ACH feature with Express Funds allows businesses to process all check transactions — paper, online and over-the-phone — from one location in a cost-effective way.

“As a long time Express Funds client, we were thrilled to know Heartland added ACH to its check management services”

“Our clients are looking to streamline their check management systems, and we are confident Express Funds ACH will meet their needs for speedy and reliable transactions,” said Tim McKenna, director of Check and ACH Services at Heartland. "The ACH functionality also gives business owners access to a service-oriented architecture that allows for easy integration with their current software.”

ACH technology enables the electronic transfer of funds for inbound or outbound payments for one-time and recurring payments. ACH debit payments include association dues, mortgage and other installment loan payments as well as corporate-to-corporate payments. Credit payments include payrolls and pensions, employee expense reimbursements and annuity payments.

In addition to processing these payments, ACH creates an import file based on client requirements for posting transaction records to their accounting software. Because of the convenience and security ACH technology provides, there has been an increase in its use among various industries. TowerGroup, the leading research and advisory services firm focused exclusively on the global financial services industry, forecasts that the United States ACH market will grow seven percent annually through 2012.

“As a long time Express Funds client, we were thrilled to know Heartland added ACH to its check management services,” said Jeffery Linn, CFO of Pacific Medical Management Services, Inc. “Having a unified payment system is key to maximizing our operations as a medical billing company. We are confident this solution increases our workflow efficiency.”

For more information about Express Funds with ACH and Heartland’s suite of check management solutions, please visit HeartlandPaymentSystems.com/CheckManagement.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE:HPY), the fifth 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.

About transmodus transmodus provides an on-demand solutions platform that delivers check and ACH services automation. The company provides a complete processing platform solution for clients, collection agencies, and bank partners. transmodus has positioned itself as a leader by listening carefully, thinking ahead, and moving forward with purpose to provide clients and processing partners with access to the best on-demand processing solutions.

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, without limitation, the risks that the United States ACH market will not grow as forecasted. Information concerning other factors that could cause actual results to differ from the forward-looking statements set forth herein is contained in our Securities and Exchange Commission filings, including but not limited to, our annual report on Form 10-K, or our quarterly reports on 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.