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Shift4 Announces VT4(TM) for Fast, Secure Mobile Payments

LAS VEGAS, NV -- (Marketwired) -- 04/09/14 -- Shift4 Corporation, the provider of DOLLARS ON THE NET®, the world's largest independent payment gateway, today announced VT4™, the fastest, most secure mobile payment solution for enterprises. Accessible through a mobile app or a Web browser, VT4 turns mobile devices into a convenient point of sale. The solution was unveiled this morning at TRANSACT 14: Powered by ETA.

"A lot of the mobile technologies on the market today simply don't provide the features that larger businesses require," said Dave Oder, Shift4's CEO. "Many merchants sacrificed security and PCI compliance in the rush to adopt early mobile solutions. VT4 is the answer that businesses have been looking for; it is mobile payments designed with the enterprise in mind."

Shift4's VT4 provides online and offline processing capabilities that enable users to complete credit, debit, cash, and gift card transactions across all business outlets, including resort properties with onsite retail and restaurants. VT4 is the first 100% bank- and processor-neutral payment app and also allows for an unlimited number of MIDs and users, making it the ideal mobile payment solution for enterprises.

VT4 fills the security gap left open by current mobile payment apps. Using TrueTokenization® and P2PE, VT4 ensures sensitive cardholder data never enters the mobile device. It also offers complete administrator control over the devices -- admins can remotely add or disable a user's access, or modify their permissions in real time.

"Whether a country club wants a convenient way for customers to make a concessions purchase out on the golf course, or a retailer needs more points of sale for temporary increases in transaction volume, such as during a holiday sale, VT4 is the quickest and safest way to accept mobile payments," said Oder.

Transactions processed through VT4 will batch and settle seamlessly alongside transactions from a merchant's POS systems at the end of each day.

For additional information about VT4, please go to www.shift4.com/VT4 or visit Shift4 at TRANSACT 14, April 8-10, at Mandalay Bay Convention Center in Las Vegas at booth #1262.

About Shift4 Corporation
Shift4 Corporation makes it simple for merchants across all industries to securely process credit, debit, and gift card transactions. With connections to nearly every bank and processor in North America and integrations to hundreds of PMS/POS systems, Shift4's DOLLARS ON THE NET® is the world's largest independent payment gateway. Shift4 provides pre- and post-settlement auditing capabilities, fraud prevention tools, support for emerging technologies like EMV and mobile payments, and security solutions such as TrueTokenization® and P2PE, which drastically simplify PCI compliance - all for just pennies per transaction. Shift4 is a proud merchant advocate, maintaining complete bank and processor neutrality to ensure that their customers have the freedom to switch banks and processors as needed. For more information, visit www.shift4.com.

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