$$$ ON THE NET Processes Record Number of Transaction Dollars in Third Quarter

Monday 6 October 2003 17:45 CET | News

$$$ ON THE NET, Shift4s web-based e-payment solution with real-time electronic payment authorization, settlement, reporting and fraud control capabilities, processed over 9 million transactions, representing the movement of over $1.6 billion, in the third quarter of 2003. This surpasses the total amount of transactions processed in all of 2002.

A significant number of new accounts were signed in the third quarter, including Hoover Foods (operators of 40 Wendys locations), La Costa Resort and Spa and Kohler?s American Club. These clients were drawn to the speed, reliability and security of the hosted $$$ ON THE NET solution, as well as Shift4s continuing commitment to offering additional functionality. The third quarter alone saw the introduction of Canadian PIN-pad debit capabilities and the significant expansion of Shift4s premium gift card solution, It?s Your Card. Also contributing to the record third quarter was the highest average transaction amount in the industry.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce