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.
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