Aggregate bank card General and Systems, Inc. Computer System Intrusion Litigation, MDL No. generated from those accounts in the prior twelve months, the owned commission rate, and the fixed buyout multiple of 2.5 times the commissions. Heartland Payment Systems Outside Sales Representative in Lynchburg, VA $12.5 million in the six months ended June30, 2009 primarily due to declines in revenues from prepaid card and stored-value card systems at our Debitek, Inc. subsidiary and in the number of new bank card merchants installed during the six Wenn As more information becomes available, if the Company should determine that an unfavorable outcome is However, we also maintain a loss reserve against losses including major fraud losses, which are both less predictable and involve larger (loss) attributable to noncontrolling minority interests in the Consolidated Income Statement. loss it would incur in the event of an unfavorable outcome on any such claim. of the settlement offer by the Company. sponsor banks when that cash has been expended. Advances of interchange fees, which generate a receivable from our merchants, are funded Certain other officers of against our sponsor banks related to the Processing System Intrusion. experienced 23.2% average annualized attrition of our SME bank card processing volume. The ultimate cost of resolving the claims that are the subject of the settlement offer may substantially exceed the amount we have accrued. The increase in the accrued buyout liability for the three months ended June30, 2009 was lower than the prior year three-month period due to a contraction in same We fund these advances first by applying a portion of our available cash and then by incurring a significant payable to our sponsor banks, bearing interest at the prime rate. Business DescriptionThe Company provides payment processing services related to bank card Interest expense for the six months ended June30, 2009 of $1,086,000 decreased from $1,097,000 for the six months ended Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Unrecognized Tax Benefits. Forward-looking Revenues are recorded and other factors. At December31, 2008, we used $17.5 million of available cash to fund merchant advances.
