Heartland First to Offer Comprehensive Merchant Breach Warranty

Heartland Payment Systems, one of the nation’s largest payment processors, announced it is the first company to offer a comprehensive warranty that protects businesses from payment card breach losses in the event of a breach.

Heartland’s breach warranty is offered at no charge to its Heartland Secure™ merchants in the first year and can be extended for $8.33 per month per card-entry device. To be covered under the warranty, a merchant must have a Heartland Secure-certified device and process payments through Heartland on that device.

Key Highlights/Facts

  • Heartland Secure is a comprehensive credit/debit card data secure payment solution that combines three powerful technologies – EMV, the Heartland E3 end-to-end encryption technology and tokenization – working in unison to provide merchants with the highest level of protection for card-present transactions.
  • Although EMV compliance is not a government or card brand mandate, it is up to the merchant to implement EMV-compliant terminals. Merchants who decide to implement EMV technology will expose their business to fewer disputes over card-acceptance fraud while boosting consumer confidence.
  • The breach warranty is straightforward. If the encryption fails on a Heartland Secure machine, Heartland will reimburse the merchant for the amount of compliance fines, fees and/or assessments the merchant must pay to the card brands, issuing banks and acquiring bank(s).
  • Encryption is an important part of Heartland Secure™. Small businesses are the new target for cyber criminals. According to the National Cyber Security Alliance, 60 percent of breached small businesses go out of business within six months.
  • The costs associated with computer and website attacks are well into the thousands and even millions of dollars for a small company, according to the National Small Business Association. The Heartland Secure™ encryption changes card data from the merchant’s POS system and network into meaningless characters, minimizing the chance of that card data being stolen and monetized.

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