Shift4 Handles Over $1 Billion Worth of Transactions in March
Las Vegas, NV, April 28, 2005 – Shift4 Corporation processed over 13 million payment transactions representing the movement of over $1.1 billion in March with its industry leading enterprise payment gateway DOLLARS ON THE NET. Some of the Shift4 merchants that contributed to this record month were: PGA Tours, Hilton Hotels Corporation, Levy Restaurants, Foxwoods Resort & Casino, Dollar Thrifty Automotive Group and many more.
Four year 1st quarter comparison graph With a tenfold increase in transaction numbers since 2002 (Exhibit A), Shift4 has seen an ever increasing roster of merchants electing to utilize its flagship DOLLARS ON THE NET solution. The reason is simple: DOLLARS ON THE NET connects a merchant’s point-of-sale and property management systems to the bank/processor of their choice, allowing them to leverage the power of the Internet to process transactions at an ultra-high speed, while simplifying their accounting process, adding real-time enterprise-wide reporting and minimizing fraudulent or errant transactions.
“What I find most impressive about hitting the $1 billion mark last month is that it really is just the tip of the iceberg. We recently signed our largest single customer ever – a franchiser with over 3200 properties that will be moving to Shift4 – and these numbers don’t reflect any of their transactions. When those properties, as well as the large retail and auto rental chains we have signed as of late, go live on DOLLARS ON THE NET they will add significantly to our transaction total,” stated J. David Oder, President & CEO, Shift4.
A key factor in Shift4’s record numbers was the continuing growth of Shift4’s partner program. From point-of-sale providers to consultants to some of today’s biggest processors, more and more partners are bringing customers to Shift4, trusting them to provide merchants with the most powerful payment solution possible. Shift4’s partners include many of today’s leading corporations, such as Infogenesis, Island Pacific, Bluebird Auto Rental Systems, NOVA Information Systems and InnQuest Software.
“What we provide our partners is two fold. First, we provide a network of connectivity. By working with Shift4, our partners have access to a large community of POS and PMS systems, to banks and processors, and to a variety of hardware peripherals like PIN pads and signature capture devices. Instead of having to build interfaces to each of these systems, they certify to us and we provide the interconnectivity. Secondly, they get the piece of mind of knowing that they are putting their merchants in the hands of a company with well over a decade of experience and the industry’s best technology,” stated Eric Hoke, Director of Business Development, Shift4. “What we get in return is the ability to leverage their knowledge of specific markets to quickly and effectively expand our customer base.”
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, DOLLARS ON THE NET provides both high speed and low cost authorizations and settlements for credit, debit, check, private label and gift card transactions. DOLLARS 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.