Shift4 partners with Fabrick

According to the announcement, the agreement allows Fabrick to utilise Shift4’s principal-member license in the European Union to offer payment acceptance services to merchants. This deal also expands Shift4’s reach in Europe, following its acquisition of Finaro, an ecommerce payments specialist, in October of 2023. Additionally, Shift4 enhanced its presence in the region by acquiring a majority stake in Vectron Systems AG, a German processor for in-person card transactions.

Officials from Shift4 commented that this partnership with Fabrick demonstrates the company's dedication to creating a more equitable payment processing landscape.

Recent updates from Shift4

In July 2024, Shift4 partnered with Phos by Ingenico with the aim of bolstering the latter's acquiring capabilities and expand adoption of its SoftPOS solution for merchant customers across Europe. The partnership was set to provide Phos merchants with access to Shift4’s global acquiring services and payment processing capabilities through Phos’ solution, which turns any mobile device into a payment terminal. Additionally, it enables them to accept and process payments using global card schemes and digital wallets, such as Apple Pay, Google Pay, PayPal, and Samsung Pay in real time.

In June 2024, Shift4 acquired a majority stake in Vectron Systems AG, a large European supplier of POS systems to the restaurant and hospitality verticals. Based in Germany, Vectron has about 65,000 POS locations across Europe, representing EUR 25 billion in volume opportunity with minimal payment monetisation, according to the official press release. Shift4 was expected to acquire additional ownership of Vectron through a public tender offer that is expected to conclude in 2024, with a de-listing and formal integration process to occur shortly after.