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| [December 17, 2012] |
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Heartland Payment Systems® Acquires ECSI, Gains Additional Campus-Related Services and More Than 1,800 Higher Education Relationships
PRINCETON, N.J. --(Business Wire)--
Heartland
Payment Systems (NYSE: HPY),
one of the nation's largest payments processors, has expanded its Campus
Solutions division by acquiring ECSI,
a leading provider of cost-effective, customized payments processing
solutions for the higher education industry.
Founded in 1972 and located in Pittsburgh, Pa., ECSI supports the entire
life cycle of higher education and post-graduation school/student
services, including student loan payment processing, default solutions,
refund services, tuition payment plans, electronic billing and payment,
tax document services, and business outsourcing to more than 1,800
colleges and universities nationwide.
In addition to retaining ECSI's more than 150 employees and its
Pittsburgh-based operations, Heartland Campus Solutions will gain ECSI's
client portfolio, boosting its higher education client roster to more
than 2,000 colleges and universities throughout North America. Heartland
will also add all of ECSI's products and services to its existing suite
of campus solutions, including campus payments, Acceluraid™
and its Campus
OneCard™ System, allowing Heartland to offer one-stop
shopping for colleges and universities, which is unique to the higher
education industry.
"As the Heartland Campus Solutions division grows to become a more
significant portion of Heartland's business, we're confident that
acquisitions such as ECSI will better position us for faster growth,"
said Michael A. Lawer, president, strategic markets group, Heartland
Payment Systems. "Our combined suite of products, services and solutions
offers higher education institutions opportunities to streamline
processes and increase operational efficiency while providing enhanced
convenience and value to students. We look forward to working with our
new employees and university client partners that we gained through this
acquisition."
Ron Farmer, executive director of campus solutions and micropayments for
Heartland Payment Systems, added, "Heartland has developed a number of
campus-related solutions which have helped position us as one of the
industry's leading providers. With the addition of ECSI's solutions,
such as loan payment processing and payment plans, we've gained greater
operational capabilities to support our growing client base."
John Lynch, president and CEO of ECSI, noted, "ECSI is very excited to
become part of Heartland Payment Systems, a successful and
well-respected company with a culture similar to ours. We're extremely
impressed with their growth in the campus environment and know that,
with the addition of ECSI's services and experience, Heartland will
offer colleges and universities the most comprehensive and competitive
solutions in the marketplace today."
Heartland Campus Solutions presently offers financial aid disbursement,
campus card and payment processing solutions to higher education
institutions throughout North America. Earlier this year, the division
introduced three feature-laden, user-friendly mobile
applications for higher education institutions and students,
including MyPay,
the first-ever mobile payment application and virtual campus ID card.
The division also announced a number of new contracts for management of
financial aid disbursement through Acceluraid, and for its Campus OneCard
System, a robust campus management system and multi-functional
campus ID card.
Preston
Todd Advisors, a leading buy-side M&A advisory firm specializing in
the payments and payments technologies sectors, served as advisor to
Heartland Payment Systems in this transaction.
About Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE: HPY),
the sixth largest payments processor in the United States, delivers
credit/debit/prepaid card processing, school solutions, loyalty
marketing services, campus solutions, payroll and related business
solutions and services to more than 250,000 business and education
locations nationwide. A FORTUNE 1000 company, Heartland is the
founding supporter of The Merchant Bill of Rights, (www.MerchantBillofRights.org),
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
detailed information, visit HeartlandPaymentSystems.com
or follow the company on Twitter (News - Alert) @HeartlandHPY
and Facebook (News - Alert) at facebook.com/HeartlandHPY.
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, 2011. We undertake no obligation to update any
forward-looking statements to reflect events or circumstances that may
arise after the date of this release.

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