Shift4

While working as an employee of a payment processing company, the 16-year-old Isaacman (who had already earned his GED and gone to work full-time) identified what he saw as inefficiencies in the industry. In response, he launched United Bank Card in his parents' basement in Far Hills, New Jersey.{{cite news |last1=Nivedita |first1=C |last2=Manikandan |first2=Abhishek |last3=Hussain |first3=Noor Zainab |last4=Franklin |first4=Joshua |title=Shift4, Legend Biotech surge in banner week for U.S. IPOs |url=https://www.reuters.com/article/us-shift4-payments-ipo/shift4-payments-surges-nearly-44-in-market-debut-idUSKBN23C29Y |accessdate=3 July 2020 |publisher=Reuters |date=5 June 2020}} At the time, it generally took merchants about one month to set up a payment system and merchants had to pay for their credit card readers and sign a lengthy application. As an alternative, Isaacman's new company cut the set-up time to one day, gave merchants free credit card readers and only required merchants sign a two-page application.

In 2012, United Bank Card rebranded as Harbortouch to better reflect its point-of-sale and payment technology.

Between 2014 and 2017, the company expanded by acquiring multiple payment processing and point-of-sale companies, including Merchant Services Inc. (the same company Isaacman worked for as a teen).

The company rebranded once again in 2017 as Lighthouse Network, with Harbortouch becoming a subsidiary.{{cite news |last1=Salamone |first1=Anthony |title=Lehigh Valley credit card processing company won't relocate headquarters |url=https://www.mcall.com/business/mc-biz-lighthouse-network-folo-20180322-story.html |accessdate=17 July 2020 |agency=The Morning Call |date=22 March 2018}}{{cite news |last1=Nariyanuri |first1=Sampath Sharma |title=Lighthouse Network buys payment processing company Shift4 |url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/csndjvv3sctbrxjmbi9lsq2 |accessdate=6 July 2020 |publisher=S&P Global Market Intelligence |date=17 January 2018}}

In 2017, the company - then operating as the Lighthouse Network - acquired payment gateway provider Shift4 Corporation and rebranded itself as Shift4 Payments.

Shift4 went public on the NYSE in June 2020, raising $345 million through its IPO. The company is one of the few companies to go public in the months after the start of the COVID-19 pandemic. The company completed its "roadshow" for investors entirely online. The company was the first to ring the bell at the New York Stock Exchange after the trading floor was reopened following its shutdown because of the pandemic.

In November 2020, Shift4 announced the acquisition of 3dcart,{{Cite news|date=2020-11-05|title=Shift4 Payments Acquires 3dcart Ecommerce Platform|language=en-US|url=https://finance.yahoo.com/news/shift4-payments-acquires-3dcart-ecommerce-114500548.html}} an E-commerce platform. In January 2021, Shift4 rebranded it as Shift4Shop.{{Cite news|date=2021-01-27|title=Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop|language=en-US|url=https://www.pymnts.com/news/ecommerce/2021/shift4-payments-rebrands-3dcart-launches-platform-shift4shop/}}

In March 2021, the company announced the acquisition of VenueNext, a provider of point-of-sale and payment products for stadiums, arena, and other entertainment venues.{{Cite news|date=2021-03-10|title=Shift4's acquisition of VenueNext paves way for payments in sports, entertainment|language=en-US|url=https://www.paymentsdive.com/news/shift4-venuenext-acquisition-sports-stadium/596464/}} A year later, the company announced it acquired Finaro.{{cite web |last1=Spiro |first1=James |title=Finaro outlines its future plans following acquisition by US-based Shift4 |url=https://www.calcalistech.com/ctechnews/article/s171hex75 |website=CTECH |date=29 March 2022 |access-date=10 April 2022}}

In February 2025, the company announced the acquisition of Global Blue for $1.5 billion.{{cite web |url=https://www.wsj.com/business/deals/payments-processor-shift4-strikes-1-5-billion-deal-for-tax-free-shopping-network-e4fcea93 |access-date=8 March 2025 |title=Exclusive | Payments Processor Shift4 Strikes $1.5 Billion Deal for Tax-Free Shopping Network }}

In March 2025, Isaacman announced his intention to resign as CEO upon his confirmation as administrator of NASA, following his nomination by Donald Trump the previous January.{{Cite web |last=Isaacman |first=Jared |date=12 March 2025 |title=Letter to Iris Lan, Designated Agency Ethics Official of the National Aeronautics and Space Administration |url=https://static01.nyt.com/newsgraphics/documenttools/bbdae8a26e62760d/3edd888b-full.pdf |access-date=27 March 2025}}

The company's business model involves integrating payment processing services into various hardware and software products as well as the gathering of business intelligence.{{cite news |title=Shift4 Payments Announces Pricing of Public Offering of Class A Common Stock |url=https://finance.yahoo.com/news/shift4-payments-announces-pricing-public-022700867.html |accessdate=5 October 2020 |publisher=Yahoo Finance |date=10 September 2020}}{{cite news |title=Payment Methods Shift4 Introduces Contactless QR Pay Tech |url=https://www.pymnts.com/news/payment-methods/2020/shift4-introduces-contactless-qr-pay-tech/ |accessdate=22 July 2020 |publisher=PYMNTS.com |date=24 June 2020}}

It works primarily in the restaurant, hospitality, retail and e-commerce industries.{{cite news |last1=Kudo |first1=Hikaru |title=Raiders Thinking Ahead with Shift4 Payments Partnership |url=https://www.si.com/nfl/raiders/news/las-vegas-raiders-shift4-payments-allegiant-stadium |accessdate=5 October 2020 |agency=Sports Illustrated |date=29 July 2020}} Shift4 also offers cloud-based reporting and analytics software. In 2019, the company processed approximately 3.5 billion transactions.{{cite news |last1=Salamone |first1=Anthony |title=Lehigh Valley's Shift4 Payments files to go public with initial price offering |url=https://www.mcall.com/business/mc-biz-shift4-payments-initial-public-offering-20200605-krorkxegozbctfmtvcfr37yrde-story.html |accessdate=3 July 2020 |publisher=The Morning Call |date=2020-06-05}}

{{reflist}}

• {{Official website|https://www.shift4.com}}

{{Finance links

| name = Shift4 Payments, Inc.

| symbol = FOUR

| sec_cik = 1794669

| yahoo = FOUR

| google = FOUR:NYSE

}}

{{S&P 400 companies}}

{{Payment service providers}}

Category:Software companies of the United States

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Category:Software companies established in 1999

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