06.11.2024, 4483 Zeichen
Center Valley, Pa. (OTE) - The collaboration combines Shift4's top
acquiring services with
ConnexPay's all-in-one payments platform to deliver seamless PayIn
and PayOut functions to businesses across various markets, including
OTA and Hospitality.
Shift4 (NYSE: FOUR), a global leader in integrated payments and
commerce technology, today announced a strategic partnership with
ConnexPay , the world's first all-in-one payments platform. This
partnership will empower online travel agencies (OTAs) and
hospitality businesses in the UK and European markets by integrating
ConnexPay's payment issuance solutions with Shift4's leading payment
processing infrastructure.
Through this partnership, ConnexPay will leverage Shift4's
expertise in the European payments landscape to expand within the UK
and EU markets. Supported by Shift4's full acquiring services with 3D
Secure, ConnexPay is able to offer Gross Settlement payouts via third
-party integration, unlocking new growth potential in key regions for
both companies.
By merging PayIn (the process of accepting payments from
customers) and PayOut (issuing payments to suppliers) into one
unified system, ConnexPay reduces the operational burden on merchants
and enhances financial reconciliation. Shift4's advanced acquiring
capabilities will enable ConnexPay merchants to access next-day
settlement along with the ability to issue virtual cards in real-time
to one or more suppliers using incoming funds from customers.
"Combining ConnexPay's advanced virtual card issuance
capabilities with Shift4's comprehensive payment processing platform
allows us to offer an end-to-end solution that meets the unique needs
of the travel and hospitality industries across the UK and EU
markets," said France Blanchard, SVP Account Management & Onboarding,
Europe, at Shift4. "We've already seen strong interest within key
markets, and with ConnexPay's expansion efforts underway, we're
excited about the potential to scale this solution in more countries
across Europe."
"The combination of ConnexPay's issuance solutions and Shift4's
acquiring services creates a robust platform that can scale the
European continental markets," said Ben Peters, CEO, ConnexPay. "This
partnership allows us to support more OTAs and other travel-related
businesses with a secure, all-in-one solution that not only enhances
operational efficiency but also improves cash flow management."
With plans to significantly scale its processing operations in
various regions throughout Europe, the growth will be supported by
Shift4's proven capacity to manage billions of transactions annually,
alongside ConnexPay's flexible platform, which simplifies B2B payment
processes through a single contract and unified reconciliation.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying
complex payments ecosystems across the world. As the leader in
commerce-enabling technology, Shift4 powers billions of transactions
annually for hundreds of thousands of businesses in virtually every
industry. For more information, visit shift4.com .
About ConnexPay
ConnexPay is the first payments company to seamlessly combine
both PayIns and PayOuts into a single global platform, requiring only
one contract and providing unified reconciliation. The flexibility of
ConnexPay's technology allows clients to manage all their B2B payment
needs, from acquiring sales, managing fraud, and paying suppliers,
all on one platform. ConnexPay's solutions are applicable across a
broad spectrum of corporate payment use cases, including global
travel, ticketing, insurance and warranty claims, loyalty and
rewards, and media and advertising. Founded in 2017, ConnexPay serves
clients on six continents and provides payments services to over 175
countries and territories worldwide. In 2023, ConnexPay earned the
Travel Innovator of the Year award at Phocuswright and in 2024 was
named to the Inc 5000 list of fastest-growing companies in America
for the second year in a row.
Learn more at www.connexpay.com and follow us on LinkedIn .
Shift4 Media Contact: Nate Hirshberg
Senior Vice President, Marketing, Shift4
nhirshberg@shift4.com +1 610.596.4590
ConnexPay Media Contact: Liza Amaro
Head of Marketing
Lamaro@connexpay.com
+1 706.617.4710
View original content: https://www.prnewswire.co.uk/news-
releases/connexpay-partners-with-shift4-to-streamline-payment-
solutions-in-europe-302297353.html
Digital press kit: http://www.ots.at/pressemappe/PR177339/aom
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