* Partners with High-Growth Transaction Processor * Cardinal Centinel(TM) Platform Supports Secure Payment Initiatives For Merchants
MENTOR, Ohio, July 15 -- CardinalCommerce Corporation today announced that Heartland Payment Systems has agreed to sell the Cardinal Centinel(TM) merchant authentication platform to its customers. Cardinal Centinel(TM) is a software authentication platform that supports credit card industry initiatives to reduce the incidence of online fraudulent transactions. Cardinal Centinel(TM) makes it easy for merchants to participate in these programs and to integrate them into their electronic shopping sites.
Marty Uhle, president and COO of Heartland Payment Systems, commented, "Cardinal Centinel is on the leading edge of where online processing is going, which is where our customers want us to be." Heartland, founded in 1997, has enjoyed rapid growth since its inception and is now the largest independent payments processor. A full-service payment systems provider, Heartland delivers one-stop solutions for online credit card processing to businesses of all sizes.
"Our goal is to support the efforts of our customers to reduce the cost of fraudulent transactions. Enabling merchants to participate, easily and affordably, in each of the industry secure payment initiatives is the key to success," stated Kendall G. Myles, senior vice president - Merchant Services at CardinalCommerce. "We are pleased that Heartland Payment Processing, the premier independent merchant vendor in the payments processing industry, has partnered with CardinalCommerce to deliver the first solution of this kind. We are excited about the sales leverage that Heartland`s aggressive, 350 member sales team will provide," he added.
Visa recently reported that its fastest growing distribution channel, the Internet, accounted for 4 percent of its total book of business and 20 percent of its fraudulent transactions. Recently, Visa, MasterCard and the ATM networks have mandated new fraud prevention programs. These initiatives are the credit card industry`s initial steps to reduce fraud and increase consumer confidence in e-commerce. Cardinal Centinel(TM) supports each of these initiatives in a single software platform for merchants, allowing them to implement the initiative that best meets their needs. The system was designed to raise the level of electronic payment acceptance to that enjoyed by merchants at their physical locations.
About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal`s proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. For more information, visit http://www.cardinalcommerce.com/ .
About Heartland Payment Systems, Inc.
Heartland Payment Systems, Inc. (HPS) is a full-service payment systems solutions provider, handling merchant card and payroll processing services for over 55,000 merchants of all types and over 20 state restaurant and hospitality associations. Using a strategically located national sales force, HPS builds long-term business relationships in local sales territories, providing merchants with enhanced technology tools that assist them in more effectively operating their businesses. For more information about HPS, please visit http://www.heartlandpaymentsystems.com/ or http://www.e-hps.com/ .
Contact:
Tim Curtiss
Wall Street Investor Relations
Office: 216/831-6532
Mobile 216/533-8238
tcurtiss@wallstreetir.com
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