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Slide #18. Heartland Payment Systems — MCS Software
Heartland Payment Systems (HPY)
Heartland Payment Systems (NYSE:HPY), one of the nation's largest payments processors, has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide.
Heartland Payment Systems provides payment processing services to merchants. This involves providing end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders' financial institutions. As such, Co. undertakes merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk management. Co.'s card-accepting customers primarily fall into two categories: small and mid-sized merchants and Network Services merchants, which are primarily petroleum industry merchants of various sizes.
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Hold (1.93 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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