Merchant processor Heartland Payment Systems on Nov. 3 reported total revenue of $499.1 million for the third quarter ended Sept. 30, up 12.8% from $442.6 million during the same period last year. Net income was $7.6 million; the company reported a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach (
Among the key highlights the Princeton, N.J.-based company noted in its earnings release was record transaction-processing volume of $16.6 million for small and midsize merchants, which was 5.9% more than a year earlier. Same-store sales rose 2%, the company said.
