June 26, 2001
Next Generation Enterprise ePayment Solutions
Orlando, FL, June 26, 2001 — Shift4 Corporation, a leading developer of credit card and transaction processing software, will introduce the next generation of their flagship products $$$ IN THE BANK® NetEnterprise and DOLLARS ON THE NET ASP Service at this year’s Hospitality Industry Technology Exposition & Conference (HITEC) in Orlando.
This centralized payment solution facilitates sub-five second authorization times and delivers multi-point connectivity to property management and point-of-sale systems across any managed IP network such as a corporate WAN, the Internet, Satellite link, or CDPD wireless modem. It also provides superior accountability through real-time auditing, reporting, historical transaction archiving and retrieval, and trusted employee fraud protection.
Shift4’s Enterprise e-Payment Solutions are designed to deliver custom tailored solutions that consolidate transaction data at a single point and cost less than terminal based solutions. Shift4 offers the only electronic payment solution that allows hotel companies, destination resorts, clubs, restaurants, casinos and other multi-unit hospitality companies to utilize a single, high-speed payment gateway for a chain of dispersed properties, regardless of their individual merchant banking, franchise affiliation or POS/PMS vendor relationships.
“One of the key benefits of our solutions is its simplicity of installation and support. In most cases there is no dedicated hardware required since our NetApi(TM) software can run as a background Windows NT service or a UNIX process,” noted Rich Dingle, Vice President of Business Development. “Our NetApi is a transaction router which interfaces to local POS/PMS systems and encrypts the data as it is passed to the $$$ IN THE BANK NE server. Our proprietary encryption technology called DUKPT with MTE (Derived Unique Key Per Transaction with Moving Target Encryption) delivers 300+ bit encryption which is 200 times more secure than 128 bit SSL.”
HITEC will be held June 26-28 at the Orange County Convention Center and will provide an opportunity for those in the hospitality industry to learn about the benefits the latest high tech innovations have to offer. HITEC is the place to find technology products and services for the hospitality industry and is the perfect venue for buyers to get a first hand look at Shift4’s latest payment processing innovations. Shift4 representatives will be demonstrating the benefits of Enterprise e-Payment Solutions in exposition booth No. 144.
About Shift4 Corporation
Shift4 Corporation is a privately held corporation based in Las Vegas and is a leading provider of enterprise electronic payment technology for merchants, application developers and merchant service providers in various industries, including e-commerce, hospitality, direct/catalog sales and retail. Shift4 solutions provide connectivity to leading 3rd party payment processors including: First Data Corporation (FDC), Paymentech, Vital (VISANET), Global Payments, First Horizon, Chase Merchant Services, Nova Information Systems and Alliance Data Systems. Shift4 is also a certified third party processor for American Express. More than 2,500 merchants process over 100 million electronic payment transactions annually via Shift4-powered systems. For more information, visit Shift4’s Web site at www.shift4.com.