Heartland Launches Bank-Neutral Remote Deposit Capture Service
Heartland Payment Systems has launched Heartland Express Funds, a bank-neutral remote deposit capture system. "Express Funds allows businesses to electronically deposit checks into bank accounts without physically transporting them to the bank – regardless of which bank or banks the business uses. Eliminating floats and holds, funds are available within 24 hours, and, in many cases, by the next-business morning."
Additionally, Express Funds integrates into many accounting systems including QuickBooks™, Great Plains™, Peachtree™ and Accpac™.
“Heartland Express Funds offers businesses an effective solution for handling check payments that also saves time and money,” said Bob Carr, Heartland’s chairman and chief executive officer. “As with all of Heartland’s product offerings, we guarantee the same transparent pricing, secure transactions and dedicated customer support that is a cornerstone of our credit/debit/prepaid card processing and payroll transactions.”
Mr. Carr continued, “As remote deposit capture rapidly gains acceptance, it will quickly replace traditional runs to the bank. Because Express Funds is bank-neutral, we expect it to be well received by companies in industries that receive high volumes of check payments such as professional services. By expanding our offering to current customers and entering new markets with this product, we believe we can become the largest non-bank provider of remote deposit services by the end of 2007.”
For more information on Heartland Express Funds, visit www.heartlandpaymentsystems.com/pands/RemoteDeposit.asp or call 866-976-7207.
About Heartland Payment Systems
Heartland Payment Systems, Inc., a NYSE company trading under the symbol HPY, delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.
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. For more information, visit www.heartlandpaymentsystems.com and www.MerchantBillOfRights.com.
Forward-looking Statements
This press release may contain 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. Information concerning these factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's registration statement on Form 10- K, or 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.
Contacts
Heartland Payment Systems
Nancy Gross, 888-798-3131 ext. 2202
Nancy.Gross@e-hps.com
or
Gregory FCA Communications
Kristen Forbriger, 610-642-8253 ext. 167
Kristen@GregoryFCA.com
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