Shift4 Payments Launches QR Code Ordering Solution
New offering enables restaurant customers to order and pay from their phone
Shift4 Payments (NYSE:FOUR), a leading provider of integrated payment processing, today announced a contactless QR code ordering solution for restaurants.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005196/en/
This solution provides restaurants with a custom QR code that can be displayed on table tents, placemats, etc. for customers to scan with their phone in order to view the menu and place their order. The order is sent directly to the restaurant's point-of-sale (POS) system so that it can be prepared and served like any other order.
This innovative technology is fully integrated with a number of leading POS systems and is offered completely free of charge to Shift4 clients.
Shift4 launched QR Pay earlier this year, allowing customers to pay through their phones for a touch-free payment experience. This new offering expands on that functionality by allowing customers to place orders through their phones as well, delivering a completely contactless dining experience. In addition to being more sanitary, this solution offers improved operational efficiency for restaurants and increased convenience for their customers.
Shift4 Payments CEO Jared Isaacman stated, "As contactless solutions become more popular with consumers, it's important that businesses are able to provide an experience that caters to this demand. Our QR code technology enables restaurants to provide their patrons with a touch-free dining experience that's secure, safe, and convenient."
For additional information, visit www.shift4.com/contactless.
About Shift4 Payments
Shift4 Payments (NYSE:FOUR) is a leading provider of integrated payment processing and technology solutions, delivering a complete omni-channel ecosystem that extends beyond payments to include a wide range of value-added services. The company's technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019. For additional information, visit shift4.com.
Safe Harbor Statement and Forward Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the anticipated performance of Shift4 Payment, Inc.'s ("our", the "Company" or Shift4") processing solutions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the effect of the COVID-19 global pandemic on our business and results of operations; our ability to differentiate ourselves from our competitors and compete effectively; our ability to anticipate and respond to changing industry trends and merchant and consumer needs; our ability to continue making acquisitions of businesses or assets; our ability to continue to expand our market share or expand into new markets; our reliance on third-party vendors to provide products and services; our ability to integrate our services and products with operating systems, devices, software and web browsers; our ability to maintain merchant and software partner relationships and strategic partnerships; the effects of global economic, political and other conditions on consumer, business and government spending; our compliance with governmental regulation and other legal obligations, particularly related to privacy, data protection and information security, and consumer protection laws; our ability to establish, maintain and enforce effective risk management policies and procedures; our ability to protect our systems and data from continually evolving cybersecurity risks, security breaches and other technological risks; potential harm caused by software defects, computer viruses and development delays; the effect of degradation of the quality of the products and services we offer; potential harm caused by increased customer attrition; potential harm caused by fraud by merchants or others; potential harm caused by damage to our reputation or brands; our ability to recruit, retain and develop qualified personnel; our reliance on a single or limited number of suppliers; the effects of seasonality and volatility on our operating results; the effect of various legal proceedings; our ability to raise additional capital to fund our operations; our ability to protect, enforce and defend our intellectual property rights; our ability to establish and maintain effective internal control over financial reporting and disclosure controls and procedures; our compliance with laws, regulations and enforcement activities that affect our industry; our dependence on distributions from Shift4 Payments, LLC to pay our taxes and expenses, including payments under the Tax Receivable Agreement; and the significant influence Rook and Searchlight will continue to have over us after this offering, including control over decisions that require the approval of stockholders. These and other important factors are discussed under the caption "Risk Factors" in our final prospectus filed with the SEC on September 10, 2020 pursuant to Rule 424(b)(4), our Form 10-Q filed with the SEC on August 12, 2020, and our other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201012005196/en/