May 21, 2009
First Hawaiian Bank with Shift4 for Secure Payment Processing
Las Vegas, Nevada (May 21, 2009) – Shift4 Corporation, a supplier of secure payment processing services, and First Hawaiian Bank, a regional provider of commercial and consumer banking services, today announced a certified interface that will deliver fast, reliable and secure payments to local merchants in Hawaii, Guam and Saipan.
“This is a partnership forged on a shared dedication to supporting local and regional businesses. Our interface will provide First Hawaiian Bank merchants with the resources they need to win without switching from their community bank,” said JD Oder, Senior Vice President of Research and Development and CTO of Shift4 Corporation.
First Hawaiian Bank merchants processing transactions through Shift4’s payment gateway DOLLARS ON THE NET® can enjoy high-speed, low cost authorizations and settlements for credit and debit card transactions. DOLLARS ON THE NET integrates payment processing with an array of accounting tools that provide customers with a cost-effective, enterprise-wide solution to help streamline their business operations and effectively secure electronic transactions.
DOLLARS ON THE NET is fully integrated with Shift4’s Card Information Replacement Technologysm (CIRT), which includes Tokenization, 4Go and i4Go. 4Go never allows real Cardholder Data (CHD) to enter the merchant’s POS/PMS system. Designed specifically to meet the challenges of eCommerce, i4Go functions similarly, intercepting CHD before it ever enters the merchant’s website. Real CHD is securely transported to DOLLARS ON THE NET data centers, while false information is returned and used to process the transaction. With CIRT in play, sensitive CHD is never processed, stored or transmitted in the merchant’s system. Shift4 likes to tell its clients: “They can’t steal what you don’t have.”®
“In connecting with Shift4, First Hawaiian Bank is investing in the future of the individuals and businesses that continue to put their confidence in us. By continuing to provide solid financial solutions and world-class data security, First Hawaiian Bank remains committed to supporting the local businesses in the communities we serve,” said Keith Nagata, Senior Vice President and Division Manager for First Hawaiian Bank.
“Our relationship with First Hawaiian Bank is very important. This is an opportunity for Shift4 to partner with a very strong financial brand that will empower local merchants to maintain a dynamic relationship with Hawaii’s oldest and largest financial institution,” said Dave Oder, President and CEO, Shift4 Corporation.
About First Hawaiian Bank
First Hawaiian Bank (www.fhb.com) with $13.4 billion in total assets was founded in 1858 and is Hawaii’s oldest and largest bank. It has 58 branches in Hawaii, three on Guam and two on Saipan. The bank is owned by BNP Paribas, a leading global financial services institution.