NJ-based Heartland Payment Systems posted fourth quarter revenues of $227 million, a 35% gain over the fourth quarter of 2004. Net income for the quarter was $5.5 million compared to net income of $2.3 million for 4Q/04. The Company says over 69% of new merchants installed and 58% of total transactions this quarter were on HPS Exchange, helping reduce processing and servicing expense in the quarter to 10.0% of revenues from 12.1% a year ago. Processing volume for the three months ended December 31st increased 32% to $9.1 billion. HPS’ active merchants count rose to 110,500 at year-end, a 24% increase over the past twelve months. For complete details on Heartland Payment Systems’ fourth quarter performance, visit CardData ([www.carddata.com]).