NJ-based Heartland Payments Systems has closed on its acquisition of KS-based TouchNet Information Systems. Heartland paid a purchase price of $375 million in cash. The deal was first announced in July.
Heartland Payment Systems announced today that it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education clients serving over six million students – nearly one-third of the higher-education enrollment in the United States – to Heartland’s Campus Solutions business. Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide.
U.S. Bank and North Carolina State University launched the “Wolfpack One Card” campus identification that doubles as a prepaid MasterCard card. U.S. Bank will also deploy ATMs on campus. This is the first time US Bank has combined the ID with a prepaid card, which can be used for purchases wherever debit MasterCard cards are accepted. The new Wolfpack One Card continues to provide on-campus functionality, including meal plans, the AllCampus debit account and door or parking gate access to name a few. The card has no enrollment or monthly fees, and no minimum balance required to keep the account active. U.S. Bank offers email and text alerts to keep cardholders informed about account activity – such as ATM withdrawals, processed deposits or low balances – and access to a secure website (online or via their mobile phone) to view account balances, check transactions and make changes to the account anytime.
Experian Interactive has formed Experian Interactive Media to help consumers make critical decisions that impact their financial situations with free online services. Experian Interactive Media consists of the following brands: LowerMyBills.com, which connects interested consumers with service providers that can offer competitive rates and terms; ClassesUSA.com, one of the Web’s leading higher-education portals, connects prospective students with schools offering online and traditional degree and certificate programs; ExpertsOnCredit.com provides informational content regarding credit-related topics; InstantApprovals.com, which matches consumers with the credit cards that fit their lives and Affiliate Fuel which provides Experian brands, and other external advertisers, with pay-for-performance marketing services.