Heartland, 7-Eleven extend contract by 7 years

AP News
Posted: Dec 16, 2009 4:14 PM

Heartland Payment Systems, a payment processor, said Wednesday it has secured a seven-year contract extension with 7-Eleven Inc.

Heartland will continue to authorize and settle credit and debit card transactions for the 5,800 7-Eleven stores around the U.S. The company, based in Princeton, N.J., did not disclose the value of the contract.

Heartland shares rose 26 cents to $12.27 in late afternoon trading.