Press contact:                                                                          

Joe Crivelli                                                                                

Senior Vice President                                                              

Gregory FCA                                                                            

610-642-8253 ext. 123                                                             

JoeC@GregoryFCA.com                                                       

                                                                                                 

Company contacts:

Nancy Gross

Executive Director of Marketing

Heartland Payment Systems

888-798-3131 Ext. 2202

Nancy.Gross@e-hps.com

Or

Peter Littell

Parcxmart Technologies

413-665-3519      

peterlittell@comcast.net

                                         

 

FOR IMMEDIATE RELEASE

 

HEARTLAND PAYMENT SYSTEMS TO BOLSTER ITS STRATEGIC EQUITY PARTNERSHIP WITH PARCXMART TECHNOLOGIES

 

Heartland and Parcxmart sign a letter of intent for an exclusive marketing agreement targeting merchants and municipal governments nationwide

 

Princeton, NJ —  May 17, 2007 Heartland Payment Systems, Inc (NYSE: HPY), a leader in the payments processing industry, today announced it has signed a letter of intent to increase its strategic investment in Parcxmart Technologies, an electronics payments company. The two companies will also develop an exclusive marketing agreement whereby Heartland’s national sales network will have exclusive rights to sell Parcxmart’s payment system to merchants and municipalities nationally.

 

The Parcxmart™ Card and patent-pending payment solution is America's first fully functional parking and local merchant smart card payment system. The platform uses smart card technology that offers a convenient one-card alternative to coins and cash for small dollar transactions. The Parcxmart Card can be used at on-street and off-street parking locations as well as for retail purchases at participating merchants. 

 

Adding smart card technology – as well as Parcxmart’s leading-edge solution to parking and micro payments – aligns with our strategic approach of continually expanding our suite of efficient, cost-effective payments solutions that empower main-stream merchants to enhance their operations.” said Robert O. Carr, chairman and CEO of Heartland.

 

Capitalizing on Heartland’s national sales force of 1500, the two companies plan to market to local and regional merchants and municipalities nationwide.

 

“Our partnership with Heartland will enable us to bring our leading-edge technologies to municipalities, merchants and consumers nationwide,” said John Regan, president and CEO of Parcxmart Technologies. “Our goal is to have one merchant for every 25 installed meters in each city.  While Parcxmart usage has increased substantially during the past six months, having Heartland’s sales network invested in our success will accelerate our growth and expand our service capabilities.”

 

Currently, Parcxmart's smart card payment system is fully operable in Bridgeport, CT, New Haven, CT and Truckee, CA.

 

“In these cities, the Parcxmart Card acts as the municipality’s card, providing people with an easy payment method that makes downtown shopping and parking convenient,” continued Carr. “This, in turn, supports the economic development of these communities. The faster we are able to grow the merchant network, the more each city can benefit from the ease of use and convenience Parcxmart offers.”

 

About Heartland Payment Systems

Heartland Payment Systems, Inc., a NYSE company trading under the symbol HPY, delivers credit/debit card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.

 

Heartland Payment Systems 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.