Heartland Payment Systems (HPY) and ConocoPhillips (COP) Sign Five-Year Transaction Contract
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Heartland Payment Systems (NYSE: HPY) has signed a five-year contract with ConocoPhillips (NYSE: COP).
Under the expanded contract, Heartland Network Services group will continue to authorize debit and credit card transactions and will now also begin settling Visa and MasterCard credit card transactions at ConocoPhillips-branded locations nationwide. The expanded card processing agreement is being supported by a new partnership between Heartland and Barclays Bank Delaware, the U.S. operation of Barclaycard, which will be delivering the payment network sponsorship services for the ConocoPhillips transactions.
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Under the expanded contract, Heartland Network Services group will continue to authorize debit and credit card transactions and will now also begin settling Visa and MasterCard credit card transactions at ConocoPhillips-branded locations nationwide. The expanded card processing agreement is being supported by a new partnership between Heartland and Barclays Bank Delaware, the U.S. operation of Barclaycard, which will be delivering the payment network sponsorship services for the ConocoPhillips transactions.
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