Shift4 Payments Surpasses $1 Billion in Weekly End-to-End Processing Volume
22 Juni 2021 - 2:30PM
Business Wire
Marking one-year anniversary of IPO, Shift4 celebrates its first
week of $1 billion in end-to-end payment volume
Shift4 Payments (NYSE: FOUR), the leader in integrated payment
processing solutions, announced that it has surpassed $1 billion in
weekly end-to-end payment processing volume for the first time in
the company’s history.
Shift4 CEO Jared Isaacman states, “This is an exciting milestone
for Shift4, especially as we celebrate the one-year anniversary of
our IPO. Our first billion-dollar year was 2004, which we thought
was a pretty big deal at the time. To achieve $1 billion of
end-to-end volume in a week represents a compound annual growth
rate of over 26% for the last 17 years. It is a testament to the
resiliency of Shift4’s value proposition, which has enabled us
continue adding new customers throughout economic cycles: in both
the best and most challenging of times.”
Early in the pandemic, Shift4 launched Shift4Cares.com to raise
funds for merchants and to provide transaction data for news
outlets, businesses, and government agencies to assess the ongoing
economic impact of the COVID-19 pandemic. The company has also
published regular press releases sharing insights into these volume
trends.
With most segments of Shift4’s merchant base now experiencing
recovery from the pandemic, the company has begun to transition the
Shift4Cares initiative from a data resource and gift card program
into a full-fledged corporate social responsibility (CSR) program
and merchant support resource. Shift4 will continue providing
periodic updates on this program, but will discontinue daily and
monthly updates as of the end of Q2 2021.
About Shift4 Payments
Shift4 Payments (NYSE: FOUR) is a leading provider of integrated
payment processing and technology solutions, delivering a complete
omnichannel ecosystem that extends beyond payments to include a
wide range of commerce-enabling services. The company’s
technologies help power over 350 software providers in numerous
industries, including hospitality, retail, F&B, eCommerce,
lodging, gaming, and many more. With over 7,000 sales partners, the
company securely processed more than $200 billion in payments
volume for over 200,000 businesses in 2019. For more information,
visit shift4.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622005452/en/
Media
Nate Hirshberg Vice President, Marketing Shift4 Payments
nhirshberg@shift4.com
James McCusker Managing Director Solebury Trout
jmccusker@soleburytrout.com
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