User:Paul.jonah.paul/sandbox

Shift4 Payments

Shift4 Payments, LLC is an American developer and provider of payment processing services. The company was founded as United Bank Card, Inc.[LINK 1] and has also been known asHarbortouch and Lighthouse Network. In 2018, they acquired Shift4 Corporation, a Las Vegas-based payment gateway provider, and rebranded themselves Shift4 Payments [LINK 2].

Quick Facts:

Formerly Called                 United Bank Card, Inc. (1999-2012)

Harbortouch (2012-2017)

Lighthouse Network (2017)

Type:                                    Private

Industry:                              Financial services, point-of-sale (POS) systems

Founded:                            1999 in New Jersey, USA,

Founder:                             Jared Isaacman

Headquarters:                   Allentown, PA

Number of Locations:      (8) Headquarters in Allentown, PA;two offices in Las Vegas, NV; one office in Morrisville, NC; one office in Vilnius, Lithuania; Restaurant Manager office in Silver Spring, MD; POSitouch office in Warwick, RI; Future POS office in Butler, PA.

Areas Served                     United States, Canada, Mexico, Caribbean

Key People                         Jared Isaacman(Chief Executive Officer)

Products                             Harbortouch Echo POS – Harbortouch Elite POS – Restaurant Manager – Duet - POSitouch – Future POS

Services                              Payment processing, merchant services, payment security, credit card terminals, gift/loyalty, POS systems

Website                              www.shift4.com

Contents


 * 1) History
 * 2) Products
 * 3) Services
 * 4) Technologies
 * 5) Awards and Accolades
 * 6) References
 * 7) External links

History

Shift4 Payments was founded as United Bank Card in 1999 by Jared Isaacman when he was 16 years old[LINK 3].The company is credited with introducing the first "free credit card terminal program" in 2004, a business model that is now standard in the processing industry.In 2008, Harbortouch was formed as a point-of-sale division of United Bank Card. In 2012, Harbortouch became the d/b/a name of the entire company.

In 2017, Isaacman formed Lighthouse Network as a parent company over Harbortouch[LINK 4]. Throughout 2017, Lighthouse Network acquired several point-of-sale software companies (Restaurant Manager[LINK 5], POSitouch, Future POS[LINK 6])to operate alongside Harbortouch. The company also acquired CurvePay[LINK 7] which was rolled into the Harbortouch brand. In 2018, Lighthouse Network acquired Shift4 Corporation, a payment security and gateway provider based in Las Vegas credited with inventing payment data tokenization, and rebranded the parent company as Shift4 Payments. Today, Shift4 Payments operates as a provider of payment security and payment processing solutions while Harbortouch, Restaurant Manager, POSitouch, and Future POS operate independently as point-of-sale companies under Shift4 Payments.

Products

The Shift4 Payments point-of-sale brands include:

Harbortouch: Harbortouch Echo POS, Harbortouch Elite POS

Restaurant Manager:Restaurant Manager, Duet, RM Payments, RM Handheld, RM Tablet, RM Kiosk

POSitouch:POSitouch,POSicloud,POSiPayments

Future POS:Future POS, Future POS Payments

Services

Shift4 Payments provides payment gateway and merchant acquiring services to merchants through integrated connections with independent software vendors, independent sales organizations, and software dealers and resellers in most major industries, and is a registered ISO/MSP of Westamerica Bank.

Technologies

After the 2018 acquisition and rebranding, Shift4 Payments owns and provides the payment security and processing patents, solutions, and back-end software technologies previously developed by Shift4 Corporation. This includes 11 patents for payments technologies, eight of which cover the point-to-point encryption process.Other solutions are based on the payment data tokenization technology that was invented by Shift4. They provide traditional tokenization solutions for card-present and card-not-present transactions;beyond that, theyapply tokenization for unique,nontraditional services such as hotel reservations and customer analytics. They also provide a gift card platform called IT’S YOUR CARD that functions as a centralized software as a service (SaaS).

Shift4 has a PCI-validated point-to-point encryption solution, True P2PE, as well as several solutions that are PCI-validated and PA-DSS-validated: Universal Transaction Gateway, 4Go, Secure Suite 4 MICROS 3700, and Secure Suite 4 MICROS 9700.

Awards and Accolades

The company is a six-time honoree of the “Inc. 500” and “Inc. 5000” lists[LINK 8]and has been listed on Deloitte's 2008 "Technology Fast 50" list. Harbortouch has won several industry awards, including being named a gold winner by the Golden Bridge Awards[LINK 9] in 2012 and 2013, a silver winner in theBest in Biz Awards in 2012 and 2013, and a bronze winner by the American Business Awards in 2012[LINK 10]. Most recently, in 2013 they again were named a gold winner by the Golden Bridge Awards, and again silver in the Best Biz Awards for 2013[LINK 11].

Shift4 Payments CEO Jared Isaacman has been recognized as one of "America's Best Entrepreneurs" by BusinessWeek Magazine and has been featured on Inc. Magazine' "30 Entrepreneurs Under 30" list as well as ETA’s “Forty Under 40” list [LINK 12]. Isaacman was also named as a finalist for the Ernst & Young "Entrepreneur of the Year" award for 2006, 2007 and 2008 and was the youngest person ever named on the list of "Industry Leaders" by the credit card industry’s leading publication, The Green Sheet.

References

1.       http://www.greensheet.com/company_profiles.php?flag=display_profile&id=416

2.       https://www.prnewswire.com/news-releases/lighthouse-network-acquires-shift4-corporation-and-announces-company-rebranding-300582300.html

3.       https://www.entrepreneur.com/article/227135

4.       https://www.prweb.com/releases/2017/08/prweb14558856.htm

5.       https://pointofsale.com/PointofSale.com-Blog/LightHouse-Network-Harbortouch-Acquires-Restaurant-Manager.html

6.       https://www.prnewswire.com/news-releases/shift4-payments-announces-acquisition-and-integration-of-three-leading-point-of-sale-brands-300594033.html

7.       https://www.paymentssource.com/news/shift4-payments-continues-acquisition-streak-with-curvepay

8.       https://www.inc.com/profile/united-bank-card

9.      www.goldenbridgeawards.com

10.   https://www.bestinbizawards.com/2012-winners-product/

11.   https://www.bestinbizawards.com/2013-winners-product/

12.   http://www.prweb.com/releases/2018/05/prweb15454401.htm

External links

Official website