Heartland Payment unit buys School-Link Technologies


Oct 11 (Reuters) - Payment processor Heartland Payment Systems Inc said its unit Heartland School Solutions acquired privately held School-Link Technologies Inc, for an undisclosed amount, to expand its market share in the school services payments industry.School-Link provides K-12 school nutrition and point-of-sale solutions like processing payments made for school meals, Heartland said in a statement.Heartland has acquired three other K-12 service providers over the past 10 months, including MySchoolBucks.com, which lets parents pay for school meals and student activity fees using a credit or debit card.The company said it now has a nearly 20 percent share of the K-12 public schools market.The Princeton, New Jersey-based company told Reuters in an interview in September it sees scope for growing its market share and margins at a time when the sluggish U.S. economy is expected to hurt its larger rivals.Heartland’s shares closed at $20.34 on Monday on the New York Stock Exchange.

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