Shift4 & Payter Partner to Revolutionize Payments in Unattended POS & Drive Electric Vehicle Charging Network
Payter's partners will benefit from simplified and streamlined payment process management. Shift4 will enable merchants to enroll at POS terminals in minutes, as opposed to the weeks it can take for a conventional acquirer.
Barcelona, October 22, 2024 – Shift4 (NYSE: FOUR), a global leader in integrated payments and commerce technology, announces a new strategic alliance with Payter, payment partner for leading international brands. By collaborating, the two companies will provide their European customers with a comprehensive plug-and-play solution for unattended payments. This partnership will significantly enhance transaction management and simplify the typical payment integration process for electric vehicle charging stations.
Unattended payment terminals are becoming increasingly popular in many verticals, as they provide customers with greater convenience and the ability to make purchases at any time of the day. Payter selected Shift4 for its robust acquiring capabilities and through this partnership, Shift4 will act as an intermediary between paying customers and banks, ensuring that transactions are carried out securely and efficiently within Payter's system.
Additionally, Shift4’s ability to certify state-of-the-art payment devices in record time enables Payter's customers greater agility in their operations and ability to onboard new merchants. While other certification processes can take up to a year, Shift4 achieves this in just six to eight weeks via its certification lab. This speed provides Payter's clients with great agility in their operations.
Activation and payment acceptance within minutes
Payter’s integration with Shift4 will allow its customers unique capabilities in terms of payment acceptance. Through this partnership, Payter will be able to set up a merchant in as little as 30 minutes, including performing all necessary procedures such as identity verification (KYC and AML), risk analysis, and system configuration. In comparison, this can take weeks with a traditional acquirer or bank. This change from weeks to minutes is truly revolutionary and will bring significant value to Payter and its customer base.
According to Payter's CEO, Remco Willemse, their partnership with Shift4 offers many advantages unique to the market: "We knew that partnering with Shift4 would give our customers access to the latest payment technologies and offer consumers a faster and convenient payment experience. Our mission is to provide a fully simplified payment terminal solution for unattended verticals and, we are confident that this partnership is the next step in our journey. At Payter, we look forward to leveraging the capabilities and value-added services of this partnership to expand our operations across Europe and other regions thanks to Shift4's global reach".
David Jofre, VP EU Sales & Business Development at Shift4, says: "Together, Shift4 and Payter will create a better infrastructure for European merchants, providing a reliable and comprehensive payment service. With Shift4's single, integrated API payment solution, European merchants using terminals through Payter will be able to meet the growing consumer demand for more payment solutions for unattended terminals. Thanks to this ground-breaking partnership, both consumers and merchants will benefit from improved transaction approval rates as well as secure and seamless unattended POS payments.”
This partnership demonstrates Shift4's pioneering services and flexible technologies, making it the payments partner of choice for PSPs and merchants across Europe. The company has recently announced partnerships with Fabrik, Phos, and OneMoneyWay in Europe, signifying its growth in the region and this partnership promises to bring significant strides to both companies as they look to expand even further.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visitshift4.com.
About Payter
Payter is a global payment technology company headquartered in Rotterdam, the Netherlands. By accepting a wide range of payment options, such as major credit cards, contactless NFC, Apple Pay and Google Pay, RFID, and more, Payter sets the standard for the unattended payment terminal user experience. With seamless installation and flexible future-proof solutions, discover how Payter maximizes customer transaction control and management at https://www.payter.com/.
Media Contact:
Nate Hirshberg
Senior Vice President, Marketing, Shift4
nhirshberg@shift4.com