Shift4: Difference between revisions
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Revision as of 04:07, 27 March 2021
 | This article, Shift4, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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| This article, Shift4, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, Shift4, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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| This article, Shift4, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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Comment: While this draft was previously rejected, an RfC was started on the talk page where it was concluded that, in light of changes in the subject's circumstances since this draft was last submitted, it was ok to resubmit the draft signed, Rosguill talk 19:57, 15 December 2020 (UTC)- Comment: Since I last submitted this one year ago, this company has gone public on the NYSE. It would be highly unusual for a NYSE-listed company not to have a Wikipedia article. As WP: Listed says: “sufficient independent sources almost always exist for such companies, so that notability can be established using the primary criterion discussed above. Examples of such sources include independent press coverage and analyst reports.” In this case, high-quality, independent analyst reports I have newly cited include: Goldman Sachs, Credit Suisse, Morgan Stanley, Citi, S&P Global, and RBC Capital. Since these analyst reports are behind expensive paywalls, I have included relevant excerpts on the Talk page of this draft. In addition, mainstream editorial coverage from Reuters [1], Barrons [2], Bloomberg [3], Yahoo Finance [4], Market Watch [5], Fast Company [6] and Business Insider [7] has been added to the article. Many more analyst reports and stock market reporting is available, if needed. I have modelled this article from Elgato and Tapad, both rated WP: Good Articles, to come up with the format of the draft, specifically separating out a Services section below History. As disclosed on Talk, I have a COI. Paul.jonah.paul (talk) 18:48, 22 July 2020 (UTC)
- Comment: Does not meet WP:NCORP. K.e.coffman (talk) 01:40, 15 March 2019 (UTC)
- Comment: This article contains a lot of uses of what are either chemistry terms or marketing buzzwords, and Wikipedia only likes to see the first one in articles. pythoncoder (talk | contribs) 21:02, 18 October 2018 (UTC)
- Comment: The references used in this draft are mainly press releases or unreliable. There is an Entrepreneur source, but it is written by a contributor and not a staff writer, leaving it unable to establish notability by Wikipedia standards. Please review WP:RS and WP:FIRST. CNMall41 (talk) 17:29, 29 September 2018 (UTC)
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| Company type | Public |
|---|---|
| NYSE: FOUR | |
| Industry | Payment processing |
| Founded | 1999 (as United Bank Card) |
| Founders | Jared Issacman |
| Headquarters | , U.S. |
Area served | United States, Canada |
Key people | Jared Isaacman |
| Revenue |  US$ 731.4 million (2019) |
| US$ 37.6 million (2019) | |
| US$ 58.1 million (2019) | |
| Total assets | US$ 788 million (2019) |
| Total equity | US$ 14.1 million (2019) |
| Website | shift4 |
Shift4 Payments is a payment processing company publicly listed on the New York Stock Exchange and based in Allentown, Pennsylvania.[1][2] The company, founded in 1999 by the then 16-year old Jared Issacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure and restaurant industries.[1][3] Shift4 specializes in commerce solutions such as mobile payment software and hardware.[4][5] When the company went public in 2020, Isaacman was still the CEO.[6]
History
While working as an employee of a payment processing company, the 16-year-old Issacman (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.[4][7] 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.[4] In 2012, United Bank Card rebranded as Harbortouch to better reflect its point-of-sale and payment technology.[4] The company rebranded once again in 2017 as Lighthouse Network, with Harbortouch becoming a subsidiary.[8][9] Between 2014 and 2017, the company expanded by acquiring multiple payment processing and point-of-sale companies, including Merchant Services Inc. (the same company Issacman worked for as a teen).[4] In 2017, the company - then operating as the Lighthouse Network - acquired payment gateway provider Shift4 Corporation and rebranded itself as Shift4 Payments.[9]
Shift4 Payments went public on the NYSE in June 2020, raising $345 million through its IPO.[3][2] The company is one of the few companies to go public in the months immediately after the Covid-19 pandemic. The company completed its ‘’roadshow” for investors entirely online.[6] 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.[3]
Services
The company’s business model involves integrating payment processing services into various hardware and software products as well as the gathering of business intelligence.[10][11]
It works primarily in the restaurant, hospitality, retail and e-commerce industries.[6][12] Shift4 also offers cloud-based reporting and analytic software.[5] In 2019, the company processed approximately 3.5 billion transactions.[13]
References
- ^ a b Beltran, Luisa (5 June 2020). "Shift4 Payments Is the Latest IPO to Soar Despite Pandemic". Barron's. Retrieved 3 July 2020.
- ^ a b Tse, Crystal; Fioretti, Julia (4 June 2020). "Triple U.S. Trading Debut Caps 2020's Best Week for Listings". Bloomberg. Retrieved 3 July 2020.
- ^ a b c Bary, Emily (5 June 2020). "Shift4 Payments stock surges after IPO in vote of confidence for economic recovery". MarketWatch. Retrieved 3 July 2020.
- ^ a b c d e Segran, Elizabeth (13 April 2015). "Meet The Fighter-Jet-Flying 32-Year-Old On Top Of The Payments Industry". Fast Company. Retrieved 3 July 2020.
- ^ a b "Shift4Payments, Inc". Yahoo Finance. Retrieved 3 July 2020.
- ^ a b c Balogh, Shannon (6 June 2020). "Shift4 Payments just surged 46% in its public-market debut. Its CEO walked us through the 300-meeting virtual road show it took to launch the IPO". Business Insider. Retrieved 9 July 2020.
- ^ Nivedita, C; Manikandan, Abhishek; Hussain, Noor Zainab; Franklin, Joshua (5 June 2020). "Shift4, Legend Biotech surge in banner week for U.S. IPOs". Reuters. Retrieved 3 July 2020.
- ^ Salamone, Anthony (22 March 2018). "Lehigh Valley credit card processing company won't relocate headquarters". The Morning Call. Retrieved 17 July 2020.
- ^ a b Nariyanuri, Sampath Sharma (17 January 2018). "Lighthouse Network buys payment processing company Shift4". S&P Global Market Intelligence. Retrieved 6 July 2020.
- ^ "Shift4 Payments Announces Pricing of Public Offering of Class A Common Stock". Yahoo Finance. 10 September 2020. Retrieved 5 October 2020.
- ^ "Payment Methods Shift4 Introduces Contactless QR Pay Tech". PYMNTS.com. 24 June 2020. Retrieved 22 July 2020.
- ^ Kudo, Hikaru (29 July 2020). "Raiders Thinking Ahead with Shift4 Payments Partnership". Sports Illustrated. Retrieved 5 October 2020.
- ^ Salamone, Anthony (5 June 2020). "Lehigh Valley's Shift4 Payments files to go public with initial price offering". The Morning Call. Retrieved 3 July 2020.
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