Quick icons... Shift4 home page Contact us...
company header
Press Release

Credit Card Transaction Volume Approaching Normal

Las Vegas, NV, November 15, 2001 – Shift4 Corporation today announced that it's January through October 2001 dollar volume processed was $3.8 Billion and it meets the total transaction dollar volume from the entire year of 2000. September 2001 volume figures were significantly lower than that of the prior year but October figures show a significant recovery. Even with the temporary slowdown in credit card usage, Shift4 is on track to process $4.5 billion in transactions for the year 2001. These figures represent the total dollars processed for it's entire line of Windows based products. Transaction volume for Shift4's older DOS based products is not included in these figures.

"The events spawned by the September 11th tragedy hit many of our customers (merchants) hard. September 2001's transaction volume was our worst month for the year as opposed to September 2000 being our best month for prior year. Since a large portion of our business is travel and entertainment related, this gives you an idea of what that industry is experiencing" says J. David Oder, President and CEO of Shift4. "Fortunately, the transaction figures for October show a dramatic recovery. At the current recovery rate, transaction volumes should be almost back to normal for November and December."

Shift4 is a developer and provider of financial transaction processing software and services with a merchant centric focus. Shift4 was incorporated in 1994 and has a diverse customer base of merchants from many industries including retail, food and beverage, hospitality, MOTO, eCommerce, medical and auto rental. Some of Shift4's processing and financial partners include Vital Processing Services, Global Payment Services, NDC Canada, First Data Corporation, American Express, Paymentech, Chase Merchant Services, Bank of America, and First Horizon Merchant Services. Interface partners include InfoGenesis, Micros/Fidelio, Aloha, SpaSoft, Positouch, Galaxy, Squirrel, Springer-Miller Systems, InnQuest, Able Commerce and numerous others.

Shift4's Windows based products include $$$ IN THE BANK™ and DOLLARS ON THE NET™. More information about Shift4 can be found on their web site at www.shift4.com.

About Shift4 Corporation

Shift4, a leading developer of financial transaction processing software and services, provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices and e-commerce markets. Through connectivity to most major processors, $$$ ON THE NET provides both high speed and low cost authorizations and settlements for credit, debit, check, private label and gift card transactions. $$$ ON THE NET also includes the ability to access, review and edit transactions prior to settlement, as well as a searchable, 24-month archive of transactions for reporting and charge back defense. For more information, contact Shift4 at (702) 597-2480 or visit Shift4 online at www.shift4.com.

$$$

 

Top

Shift4 News

24 Hours. Our live support.
Call 1.702.597.2480
Option 2

$$$ ON THE NET

It's Your Card