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HPY Pays AmEx for Cyber Raid – Analyst Blog

Zacks Market Commentaries (December 18th, 2009) Writes:
Payments processors Heartland Payment Systems (HPY) said on Thursday that it has arrived at a settlement with American Express Company (AXP) related to a criminal breach of Heartland's payment system environment by cyber thieves in 2008.  According to the deal, Heartland will pay AmEx $3.6 million, resolving all intrusion-related issues between the two parties, Heartland said.  In Jan 2009, Heartland said that cyber thieves had breached its system in 2008 and had stolen credit card information. The current settlement with AmEx marks the first agreement with a card brand related to the intrusion.  Heartland is the 5th largest payments processor in the United States. The company delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide.  New York-based AmEx is a diversified financial services company, with worldwide operations and a strong brand name. It is a ...

DrStockPick.com Stock Report! 11/11/09, LVLT, PSFT, ALXN, SKNY, EMC, HPY

Dr. Stock Pick (November 11th, 2009) Writes:

Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Wednesday November 11, 2009

DrStockPick.com Stock Report!

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

Robin Grey, senior vice president and corporate treasurer for Level 3 Communications, Inc. (NASDAQ: LVLT), will make an investor presentation at the Citi Credit Conference

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