Shift4

Shift4 Payments, Inc.
Company type
Public
IndustryFinancial services
Founded1999; 27 years ago (1999) (as United Bank Card)
FounderJared Isaacman
HeadquartersCenter Valley, Pennsylvania, U.S.
Area served
  • Canada
  • Europe
  • United Kingdom
  • United States
Key people
  • Taylor Lauber (CEO)
RevenueIncrease US$3.33 billion (2024)
Increase US$247 million (2024)
Increase US$230 million (2024)
Total assetsIncrease US$5.04 billion (2024)
Total equityIncrease US$1.02 billion (2024)
Number of employees
~4,000 (2024)
Websiteshift4.com
Footnotes / references
Financials as of December 31, 2024.
References:[1]

Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania.[2][3] The company, founded in 1999 by the then 16-year-old Jared Isaacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure, and restaurant industries.[2][4] Shift4 specializes in commerce technology such as mobile payment software and hardware.[5][6] The company was publicly listed on the New York Stock Exchange in 2020.[7]

History

While working as an employee of a payment processing company, the 16-year-old Isaacman (who had already earned his GED and gone to work full-time) identified what he saw as inefficiencies in the industry. In response, he launched United Bank Card in his parents' basement in Far Hills, New Jersey.[5][8] At the time, it generally took merchants about one month to set up a payment system and merchants had to pay for their credit card readers and sign a lengthy application. As an alternative, Isaacman's new company cut the set-up time to one day, gave merchants free credit card readers and only required merchants sign a two-page application.[5]

In 2012, United Bank Card rebranded as Harbortouch to better reflect its point-of-sale and payment technology.[5]

Between 2014 and 2017, the company expanded by acquiring multiple payment processing and point-of-sale companies, including Merchant Services Inc. (the same company Isaacman worked for as a teen).[5]

The company rebranded once again in 2017 as Lighthouse Network, with Harbortouch becoming a subsidiary.[9][10]

In 2017, the company - then operating as the Lighthouse Network - acquired payment gateway provider Shift4 Corporation and rebranded itself as Shift4 Payments.[10]

Shift4 went public on the NYSE in June 2020, raising $345 million through its IPO.[4][3] The company is one of the few companies to go public in the months after the start of the COVID-19 pandemic. The company completed its "roadshow" for investors entirely online.[7] The company was the first to ring the bell at the New York Stock Exchange after the trading floor was reopened following its shutdown because of the pandemic.[4]

In November 2020, Shift4 announced the acquisition of 3dcart,[11] an E-commerce platform. In January 2021, Shift4 rebranded it as Shift4Shop.[12]

In March 2021, the company announced the acquisition of VenueNext, a provider of point-of-sale and payment products for stadiums, arena, and other entertainment venues.[13] A year later, the company announced it acquired Finaro.[14]

In February 2025, Shift4 announced the acquisition of Global Blue for $1.5 billion.[15]

In March 2025, Isaacman announced his intention to resign as CEO upon his confirmation as administrator of NASA, following his nomination by Donald Trump the previous January.[16]

In June 2025, Shift4 acquired Smartpay, Smartpay, a New Zealand-based credit card processing company with active operations in Australia and New Zealand, for $180 million.[17]

Services

The company's business model involves integrating payment processing services into various hardware and software products as well as the gathering of business intelligence.[18][19]

It works primarily in the restaurant, hospitality, retail and e-commerce industries.[7][20] Shift4 also offers cloud-based reporting and analytics software.[6] In 2019, the company processed approximately 3.5 billion transactions.[21]

References

  1. ^ "Annual report Form 10-K 2024 Shift4". February 19, 2025. Retrieved March 8, 2025.
  2. ^ a b Beltran, Luisa (June 5, 2020). "Shift4 Payments Is the Latest IPO to Soar Despite Pandemic". Barron's. Retrieved July 3, 2020.
  3. ^ a b Tse, Crystal; Fioretti, Julia (June 4, 2020). "Triple U.S. Trading Debut Caps 2020's Best Week for Listings". Bloomberg. Retrieved July 3, 2020.
  4. ^ a b c Bary, Emily (June 5, 2020). "Shift4 Payments stock surges after IPO in vote of confidence for economic recovery". MarketWatch. Retrieved July 3, 2020.
  5. ^ a b c d e Segran, Elizabeth (April 13, 2015). "Meet The Fighter-Jet-Flying 32-Year-Old On Top Of The Payments Industry". Fast Company. Retrieved July 3, 2020.
  6. ^ a b "Shift4Payments, Inc". Yahoo! Finance. Retrieved July 3, 2020.
  7. ^ a b c Balogh, Shannon (June 6, 2020). "Shift4 Payments just surged 46% in its public-market debut. Its CEO walked us through the 300-meeting virtual road show it took to launch the IPO". Business Insider. Retrieved July 9, 2020.
  8. ^ Nivedita, C; Manikandan, Abhishek; Hussain, Noor Zainab; Franklin, Joshua (June 5, 2020). "Shift4, Legend Biotech surge in banner week for U.S. IPOs". Reuters. Retrieved July 3, 2020.
  9. ^ Salamone, Anthony (March 22, 2018). "Lehigh Valley credit card processing company won't relocate headquarters". The Morning Call. Retrieved July 17, 2020.
  10. ^ a b Nariyanuri, Sampath Sharma (January 17, 2018). "Lighthouse Network buys payment processing company Shift4". S&P Global Market Intelligence. Retrieved July 6, 2020.
  11. ^ "Shift4 Payments Acquires 3dcart Ecommerce Platform". November 5, 2020.
  12. ^ "Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop". January 27, 2021.
  13. ^ "Shift4's acquisition of VenueNext paves way for payments in sports, entertainment". March 10, 2021.
  14. ^ Spiro, James (March 29, 2022). "Finaro outlines its future plans following acquisition by US-based Shift4". CTECH. Retrieved April 10, 2022.
  15. ^ "Exclusive | Payments Processor Shift4 Strikes $1.5 Billion Deal for Tax-Free Shopping Network". Retrieved March 8, 2025.
  16. ^ Isaacman, Jared (March 12, 2025). "Letter to Iris Lan, Designated Agency Ethics Official of the National Aeronautics and Space Administration" (PDF). Retrieved March 27, 2025.
  17. ^ "A Lehigh Valley tech company just acquired a New Zealand company for $180M". June 25, 2025.
  18. ^ "Shift4 Payments Announces Pricing of Public Offering of Class A Common Stock". Yahoo Finance. September 10, 2020. Retrieved October 5, 2020.
  19. ^ "Payment Methods Shift4 Introduces Contactless QR Pay Tech". PYMNTS.com. June 24, 2020. Retrieved July 22, 2020.
  20. ^ Kudo, Hikaru (July 29, 2020). "Raiders Thinking Ahead with Shift4 Payments Partnership". Sports Illustrated. Retrieved October 5, 2020.
  21. ^ Salamone, Anthony (June 5, 2020). "Lehigh Valley's Shift4 Payments files to go public with initial price offering". The Morning Call. Retrieved July 3, 2020.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.