fbpx

June 22, 2021Blog Posts

Shift4 Payments Surpasses $1 Billion in Weekly End-to-End Processing Volume

Shift4

Shift4 Payments, the leader in integrated payment processing solutions, announced that it has surpassed $1 billion in weekly end-to-end payment processing volume for the first time in the company’s history.

Shift4 CEO Jared Isaacman states, “This is an exciting milestone for Shift4, especially as we celebrate the one-year anniversary of our IPO. Our first billion-dollar year was 2004, which we thought was a pretty big deal at the time. To achieve $1 billion of end-to-end volume in a week represents a compound annual growth rate of over 26% for the last 17 years. It is a testament to the resiliency of Shift4’s value proposition, which has enabled us continue adding new customers throughout economic cycles: in both the best and most challenging of times.”

Early in the pandemic, Shift4 launched Shift4Cares.com to raise funds for merchants and to provide transaction data for news outlets, businesses, and government agencies to assess the ongoing economic impact of the COVID-19 pandemic. The company has also published regular press releases sharing insights into these volume trends.

With most segments of Shift4’s merchant base now experiencing recovery from the pandemic, the company has begun to transition the Shift4Cares initiative from a data resource and gift card program into a full-fledged corporate social responsibility (CSR) program and merchant support resource. Shift4 will continue providing periodic updates on this program, but will discontinue daily and monthly updates as of the end of Q2 2021.

Shift4 Payments

Source

Growth strategies are changing and The Strawhecker Group (TSG) is at the forefront of helping ISVs and payments providers drive revenue.

ARE YOU A SOFTWARE PROVIDER? Does your company have software that processes transactions that leaves you wondering about becoming a payments provider?

Check out three new case studies (direct download) demonstrating TSG’s payments monetization process, which has helped create millions of dollars of new recurring revenue.

ARE YOU A PAYMENTS PROVIDER? Is your ISV strategy keeping you up at night? Payments providers that don’t invest in software through partnerships or acquisitions risk falling behind in a rapidly evolving marketing. TSG can help target attractive verticals, key players, and use data to help you plan and execute a strategy.

Want more? Discover even more tools for success here.

  • Share this post: