Heartland Issues Statement: VeriFone Attempts to Tamper with Heartland Payment Systems Customers.News Release Issued This Morning Includes False Claims About Heartland Service - as Well as VeriFone's Own Support PRINCETON, N.J. -- This morning - moments before Heartland Payment Systems'[R] scheduled 3Q09 earnings call - VeriFone Holdings, Inc. issued a news release containing false claims about the payments processor. In a disingenuous dis·in·gen·u·ous adj. 1. Not straightforward or candid; insincere or calculating: "an ambitious, disingenuous, philistine, and hypocritical operator, who ... exemplified ... attack, VeriFone contends Heartland is not able to support its customers that use VeriFone terminals. At the same time, the news release falsely contends VeriFone can. Heartland has pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against VeriFone, in which Heartland claims that VeriFone is attempting to line its own pockets by charging merchants unnecessary recurring expenses. "Heartland is fully capable - and will continue to be fully capable - of servicing all of its customers," commented Bob Carr
Robert John Carr (born 28 September 1947), Australian politician, was Premier of New South Wales from 25 March 1995 to 3 August 2005. , Heartland's chairman and chief executive officer. "In fact, VeriFone is not able to support our customers. They can't because our customers operate on our proprietary payments processing platforms. Heartland is the only entity that can provide full service - including ongoing service of VeriFone terminals - to them. This means our servicing of VeriFone-related issues is not - and will not be - impacted by VeriFone's false claims and unethical attempts to scare our customers. "VeriFone is attempting to tamper with our customers in an irresponsible way," Carr continued. "With these fraudulent claims, VeriFone is pursuing its own agenda of creating recurring revenue at the expense of merchants and consumers." Heartland customers should not be fooled by VeriFone's offer to register for "uninterrupted continuation of support" as noted in the VeriFone news release. Heartland advises its customers not to register for VeriFone support, visit the website or call the number noted in the release. Any customers using VeriFone terminals who are concerned about VeriFone support should contact the Heartland Service Center. They may qualify for a terminal upgrade. About Heartland Payment Systems Heartland Payment Systems, Inc. (NYSE: HPY) is a payroll service provider and the 6th largest credit card processor in the United States specializing in small to mid-sized restaurants and retail merchants. Founded by Robert O. Heartland Payment Systems, Inc. (NYSE NYSE See: New York Stock Exchange :HPY See Holding-Period Yield. ), the 5th largest payments processor in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations 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 debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.com, E3secure.com and CostOfABurger.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 annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , or Form 10-Q Form 10-Q See 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. |
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