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of Transaction Dollars in Third Quarter |
2002 Totals in Third Quarter Alone Las Vegas, NV, October 6, 2003 �$$$ ON THE NET®, Shift4�s web-based e-payment solution with real-time electronic payment authorization, settlement, reporting and fraud control capabilities, processed over 9 million transactions, representing the movement of over $1.6 billion, in the third quarter of 2003. This surpasses the total amount of transactions processed in all of 2002. �$$$ ON THE NET has gained a significant foothold within the retail, hospitality and e-payment industries in a relatively short period of time,� said Steve Sommers, Vice President of Applications Development, Shift4. �I think this can be contributed to the strength of the Application Service Provider model and the ease of use of our new system. While the third quarter of this year had four times the number of transactions as the same period last year, we actually had 20% less support calls to our Support Center.� A significant number of new accounts were signed in the third quarter, including Hoover Foods (operators of 40 Wendy�s locations), La Costa Resort and Spa and Kohler�s American Club. These clients were drawn to the speed, reliability and security of the hosted $$$ ON THE NET solution, as well as Shift4�s continuing commitment to offering additional functionality. The third quarter alone saw the introduction of Canadian PIN-pad debit capabilities and the significant expansion of Shift4�s premium gift card solution, It�s Your Card®. Also contributing to the record third quarter was the highest average transaction amount in the industry. �I�m thrilled by our performance in the third quarter. To be able to continually grow, and grow so significantly, in the face of so much regulatory change and industry upheaval is truly a testament to the strength of our products and our people, as well as the trust inspired in our customers by our stability, financial independence and decade plus experience in the industry,� stated J. David Oder, President & CEO, Shift4. About Shift4 Corporation
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Contact
Manager, Resellers & Integration Tel 702-597-2480 x3433 Email: [email protected] |
Also See: | Shift4 $$$ ON THE NET Reseller Program Announces New Exclusive and Preferred Level Partners / June 2003 |