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Shift4 Payments Inc.
This is an integrated technology solution & payment processing provider. The platform for payment allows the user to pay through multiple banks and paying methods. This company provides us end-to-end payment processing for a quite broad payment range, merchant acquiring, software integrations, omnichannel gateway, mobile and integrated point of sale (POS) solutions, reporting and analytics related tools, and security and risk management solutions.Some of its technology solutions include iPOS (integrated Point Of Sales), Lighthouse five, marketplace, and mobile POS. Five could-cased suites of business intelligence tools with customer engagement, online reputations management, social media management, reporting and analytics, and scheduling and product pricing are offered by Lighthouse. With the help of iPOS (integrated Point Of Sales), it has been providing POS which is preloaded with integrated payment functionality and software suites. It allows integrations to third parties and payments in cryptocurrency too.
NYSE: FOUR
The stock of Shift4 payments is called NYSE: FOUR at https://www.webull.com/quote/nyse-four. It’s 52 week high has been 44.26 and the 52 weeks low has been 30.00. Its current volume is about 545.26k.
The Citigroup initiated coverage on Shift4 Payments
Ashwin Shirvaikar, an analyst in Citigroup initiated coverage on Shift4 Payments with Neutral Rating, announced Price Target of $40. Some other companies like Morgan Stanley, Evercore ISI, SunTrust Robinson Humphrey did the same too.
Shift 4 introduced Contactless QR pay
Just as the eateries are reopening after the COVID 19 outbreak, Shift 4 announced that it will be rolling out a method that lets the customers pay for their products, meals, and services by using mobile devices in their pocket to scan a QR Code.
Shift4 Payments employees call it contactless QR pay. It won’t require to add any additional fees to shift4.As the world reopens, shopkeepers and businessmen will have to adapt to the needs of the customer. The customer will keep his safety first and will want contactless shopping. They don’t want to touch a thousand germs while paying for the product or service. This method is already being used in China. It is very secure and has been very successful. After the outbreak of COVID-19, the government has been promoting contactless payments.
According to Shift4, it processed about 3.5 billion transactions in 2019 for 200,000 businesses and as of 30th April, the company had just 734 employees.There have been some losses in the previous year for the stock but NYSE: FOUR stock price is expected to rise this year in stock market hours . Some competitors of Shift4 are Elavon, Chase Paymentech, Global Payments, Fiserv, Worldpay, Lightspeed POS, Adyen, Square, and Shopify. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
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