Shift4 Integrates with Mashgin’s Computer Vision Self-Checkout System
23 Februar 2023 - 2:00PM
Business Wire
Shift4 and Mashgin technology integration
enables retailers to combine streamlined payment processing with
lightning-fast self-checkout powered by AI and computer vision
Shift4 (NYSE: FOUR), the leader in integrated payments and
commerce technology, has announced an integration with Mashgin, the
world’s fastest touchless self-checkout system. The partnership
enables retailers who use Mashgin to seamlessly equip their point
of sale with Shift4 payment processing — and it also allows
stadiums, retailers, and other businesses who use Shift4 to
drastically reduce checkout lines with computer vision-powered
checkout kiosks by Mashgin.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230223005187/en/
Shift4 + Mashgin (Graphic: Business
Wire)
Mashgin kiosks are already deployed at more than 2,300 locations
in the U.S., including convenience stores, major league sports
stadiums, airports, corporate cafeterias, ski resorts, and
entertainment venues. Equipped with multiple cameras, Mashgin
kiosks identify food and goods with 99.9% accuracy and ring them up
simultaneously. There’s no need to find and scan barcodes.
Customers simply place their items on the Mashgin kiosk tray and
item costs are instantly calculated for payment. Transactions on
Mashgin are up to 400% faster than a typical cashier and are proven
to increase customer throughput by 96% — resulting in shorter
lines, more sales, and happier customers. Stadiums who use Mashgin
have seen documented sales increases ranging from 25%-400%.
Shift4’s end-to-end payment ecosystem powers commerce for over
200,000 merchant locations worldwide. The company’s integrated,
streamlined solution includes everything a business needs to
process payments, including point-to-point encrypted EMV devices,
secure payment platform, POS/PMS software integrations, mobile and
contactless technology, and more – simplifying operations and
reducing the overall cost to accept payments.
“We’re thrilled to partner with Mashgin to deliver a better
payment solution for users of their innovative technology,” said
Anthony Perez, Shift4’s SVP of New Verticals. “Together, we can
transform the checkout experience at sports and entertainment
venues as well as other retail locations.”
Retailers can easily deploy Mashgin’s kiosks in days, which is
significantly faster compared to other vendors whose solutions
typically require months to implement. The integration of Mashgin
with Shift4 will enable tech-forward venues and retailers to
combine streamlined payments with game-changing checkout speed to
delight shoppers and retailers.
“The integration of Mashgin’s computer vision technology with
Shift4’s end-to-end payment processing solution makes the
deployment of Mashgin’s Touchless Checkout System an even more
convenient option for the many companies already using Shift4 to
process payments,” said Jack Hogan, Vice President of Strategic
Partnerships at Mashgin.
About Mashgin Mashgin is the world's fastest
self-checkout system powered by AI and computer vision. Consumers
demand instant gratification. Mashgin’s Touchless Checkout System
eliminates consumer frustration while increasing revenue for
retailers with checkout that is four times faster than cashiers and
traditional points-of-sale. There’s no need to look for and scan
bar codes; customers simply place their items on Mashgin’s tray,
pay electronically and can be on their way in as little as 10
seconds.
Founded in 2013 and headquartered in Palo Alto, California,
Mashgin is a privately held company backed by NEA, Matrix Partners,
Susa Ventures and Y Combinator. Follow Mashgin on Twitter and
LinkedIn or learn more at mashgin.com.
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, visit
shift4.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230223005187/en/
Media:
Shift4
Nate Hirshberg VP of Marketing, Shift4 nhirshberg@shift4.com
Bob Hallman JCUTLER media group 917.371.7679 bob@jcmg.com
Mashgin
Michael Held-Hernandez Mercury Global Partners for Mashgin +1
480 306 1154 mashgin@wearemgp.com
Mindy M. Hull Mercury Global Partners for Mashgin +1 415 889
9977 mashgin@wearemgp.com
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024