ConnexPay Partners with Shift4 to Streamline Payment Solutions in Europe
Shift4 (NYSE: FOUR) and ConnexPay have announced a strategic partnership to enhance payment solutions in European markets. The collaboration integrates ConnexPay's payment issuance platform with Shift4's processing infrastructure, offering unified PayIn and PayOut functions for online travel agencies (OTAs) and hospitality businesses in the UK and EU.
The partnership enables next-day settlement and real-time virtual card issuance, leveraging Shift4's acquiring services with 3D Secure. ConnexPay merchants can now access Gross Settlement payouts via third-party integration, streamlining B2B payment processes through a single contract and unified reconciliation system.
Shift4 (NYSE: FOUR) e ConnexPay hanno annunciato una partnership strategica per migliorare le soluzioni di pagamento nei mercati europei. La collaborazione integra la piattaforma di emissione di pagamenti di ConnexPay con l'infrastruttura di elaborazione di Shift4, offrendo funzioni integrate di PayIn e PayOut per agenzie di viaggio online (OTA) e attività nel settore dell'ospitalità nel Regno Unito e nell'UE.
La partnership consente regolamenti il giorno successivo e l'emissione di carte virtuali in tempo reale, sfruttando i servizi di acquisizione di Shift4 con 3D Secure. I commercianti di ConnexPay possono ora accedere ai pagamenti di Gross Settlement tramite integrazione di terze parti, semplificando i processi di pagamento B2B attraverso un unico contratto e un sistema di riconciliazione unificato.
Shift4 (NYSE: FOUR) y ConnexPay han anunciado una asociación estratégica para mejorar las soluciones de pago en los mercados europeos. La colaboración integra la plataforma de emisión de pagos de ConnexPay con la infraestructura de procesamiento de Shift4, ofreciendo funciones unificadas de PayIn y PayOut para agencias de viajes en línea (OTA) y negocios de hospitalidad en el Reino Unido y la UE.
La asociación permite la liquidación al día siguiente y la emisión de tarjetas virtuales en tiempo real, aprovechando los servicios de adquisición de Shift4 con 3D Secure. Los comerciantes de ConnexPay ahora pueden acceder a los pagos de Gross Settlement a través de integraciones de terceros, simplificando los procesos de pago B2B mediante un único contrato y un sistema de reconciliación unificado.
Shift4 (NYSE: FOUR)와 ConnexPay가 유럽 시장의 결제 솔루션 강화를 위한 전략적 파트너십을 발표했습니다. 이 협력은 ConnexPay의 결제 발행 플랫폼을 Shift4의 처리 인프라와 통합하여 영국 및 EU의 온라인 여행사(OTA) 및 호스피탈리티 비즈니스를 위한 통합된 PayIn 및 PayOut 기능을 제공합니다.
이번 파트너십은 Shift4의 인수 서비스와 3D Secure를 활용하여 다음날 정산 및 실시간 가상 카드 발행을 가능하게 합니다. ConnexPay의 상인들은 이제 제3자 통합을 통해 Gross Settlement의 출금에 접근할 수 있으며, 단일 계약 및 통합 조정 시스템을 통해 B2B 결제 프로세스를 간소화할 수 있습니다.
Shift4 (NYSE: FOUR) et ConnexPay ont annoncé un partenariat stratégique pour améliorer les solutions de paiement sur les marchés européens. La collaboration intègre la plateforme d'émission de paiement de ConnexPay avec l'infrastructure de traitement de Shift4, offrant des fonctions unifiées de PayIn et PayOut pour les agences de voyage en ligne (OTA) et les entreprises d'hospitalité au Royaume-Uni et dans l'UE.
Ce partenariat permet un règlement le jour suivant et l'émission de cartes virtuelles en temps réel, en tirant parti des services d'acquisition de Shift4 avec 3D Secure. Les commerçants de ConnexPay peuvent désormais accéder aux paiements de Gross Settlement via des intégrations tierces, simplifiant les processus de paiement B2B grâce à un contrat unique et un système de réconciliation unifié.
Shift4 (NYSE: FOUR) und ConnexPay haben eine strategische Partnerschaft angekündigt, um Zahlungslösungen auf den europäischen Märkten zu verbessern. Die Zusammenarbeit integriert ConnexPays Zahlungsissuing-Plattform mit der Verarbeitungsinfrastruktur von Shift4 und bietet vereinte PayIn und PayOut Funktionen für Online-Reisebüros (OTAs) und Gastgewerbe in Großbritannien und der EU.
Die Partnerschaft ermöglicht eine Abrechnung am nächsten Tag und die sofortige Ausgabe von virtuellen Karten, indem sie Shift4s Acquiring-Services mit 3D Secure nutzt. ConnexPay-Händler können jetzt über Drittanbieter-Integrationen auf Gross Settlement-Zahlungen zugreifen, wodurch die B2B-Zahlungsprozesse durch einen einzigen Vertrag und ein einheitliches Abrechnungssystem optimiert werden.
- Strategic expansion into UK and European markets
- Integration of payment processing infrastructure enhances operational efficiency
- Next-day settlement capability added to service offerings
- Real-time virtual card issuance functionality
- None.
Insights
This strategic partnership represents a significant expansion opportunity in the European payments market. The integration combines Shift4's acquiring infrastructure with ConnexPay's virtual card issuance platform, creating a comprehensive payment solution specifically tailored for the travel and hospitality sectors.
The partnership's value proposition centers on streamlining payment flows through unified PayIn/PayOut capabilities, offering next-day settlement and real-time virtual card issuance. This efficiency improvement could drive substantial transaction volume growth for Shift4 in the European market, where the company is actively expanding its presence.
For Shift4 investors, this represents a strategic move to capture market share in the
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.
Through this partnership, ConnexPay will leverage Shift4's expertise in the European payments landscape to expand within the
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
"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
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.com/news-releases/connexpay-partners-with-shift4-to-streamline-payment-solutions-in-europe-302297349.html
SOURCE Shift4; ConnexPay
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