Welcome to our dedicated page for Shift4 Payments news (Ticker: FOUR), a resource for investors and traders seeking the latest updates and insights on Shift4 Payments stock.
Shift4 Payments, Inc. (NYSE: FOUR) generates a steady flow of news related to payments technology, capital markets activity, acquisitions, and major commercial partnerships. The company describes itself as a leader in integrated payments and commerce technology, powering billions of transactions annually for hundreds of thousands of businesses in virtually every industry. Its news coverage reflects both operational developments and strategic initiatives that shape its role in global commerce.
Visitors to this page can review updates on Shift4’s financial performance, including quarterly results released via shareholder letters and earnings press releases that are furnished on Form 8-K. These announcements are often accompanied by conference calls and webcasts where management discusses operating trends and responds to investor questions.
Shift4’s news also highlights its role in sports, entertainment, and hospitality. Recent releases have detailed partnerships with professional sports teams and venue operators, such as agreements to power food and beverage concessions payments at Canadian Tire Centre for the Ottawa Senators and at Paycor Stadium for the Cincinnati Bengals. A multi-year partnership with Liberty Sports Group and Front Row Hospitality shows how Shift4’s SkyTab Venue technology and payments platform support integrated point-of-sale, guest experience, merchandising, retail, and e-commerce operations across live experience properties.
In addition, Shift4 issues news on financing and corporate actions, including tack-on offerings of 5.500% senior notes due 2033, amendments to credit agreements, and the issuance and dividend declarations for its 6.00% Series A Mandatory Convertible Preferred Stock. Announcements about acquisitions and contemplated transactions, such as the completed acquisition of Global Blue Group Holding AG and exclusive negotiations to acquire Bambora North America, provide insight into the company’s expansion strategy.
For investors and observers, this news feed offers a centralized view of Shift4’s latest disclosures on partnerships, technology offerings, capital structure, and strategic transactions related to the FOUR stock.
R1 RCM (NASDAQ:RCM) will be removed from the S&P MidCap 400 index, effective prior to market opening on November 20, 2024. This change comes as a result of the company's pending acquisition by TowerBrook Capital Partners and Clayton, Dublier & Rice, expected to complete around November 19. Shift4 Payments (NYSE:FOUR) will replace R1 RCM in the index. The transition marks R1 RCM's departure from the Healthcare sector of the S&P MidCap 400, while Shift4 Payments will join as part of the Financials sector.
Jacksonville Jaguars have partnered with Shift4 (NYSE:FOUR) to power payments for ticket sales at EverBank Stadium. Shift4 will integrate their end-to-end payments ecosystem to streamline operations and enhance the fan experience through seamless ticketing transactions. The partnership aims to provide a frictionless and secure ticket-buying process for Jaguars fans. Shift4's commerce solutions are already utilized across major professional sports leagues, colleges, and entertainment venues.
Shift4 (NYSE: FOUR), a leader in integrated payments and commerce technology, has announced its third quarter 2024 financial results. The company has made the results available through their Q3 2024 Shareholder Letter, which can be accessed on their Investor Relations website. Management will host a conference call on November 12th, 2024, at 8:30 a.m. ET to discuss the results. The call will be accessible via toll-free and toll dial-in numbers, and will also be webcast live on Shift4's website. Additionally, the call will be simulcast via X Spaces, and investors can submit questions in advance via email.
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) has announced its third quarter 2024 financial results will be released before market open on November 12, 2024. Management will host a conference call at 8:30 am ET, accessible via toll-free and toll dial-in numbers. The earnings call will be webcast through Shift4's investor website and simulcast on X Spaces. The company also announced participation in three upcoming investor conferences: the KBW Fintech Conference on November 14, the RBC Global TIMT Conference on November 20, and the FT Partners Fintech Conference on November 20.
Shift4 (NYSE: FOUR) has launched Pay with Crypto, becoming the first major payments company to enable global cryptocurrency acceptance for businesses. The solution allows merchants to accept various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and major stablecoins, with automatic conversion to US dollars for settlement.
The feature will be implemented across different Shift4 products and business verticals, with TAO Group and BLADE among the first customers. Shift4 has partnered with Mesh to provide secure account linking for exchange and wallet connections. The launch responds to growing crypto adoption, with the cryptocurrency market reaching $3 trillion and over 600 million users globally.
Shift4 (NYSE: FOUR) has partnered with Mesh to enable crypto payment capabilities for over 200,000 merchants across 45+ countries. The integration allows automatic conversion of cryptocurrency payments into local currencies with seamless settlement. This makes Shift4 the first global payments company to offer one-click cryptocurrency acceptance to its merchants.
The initiative follows Shift4's acquisition of The Giving Block in 2022 and responds to growing crypto payment demand, with a Deloitte report indicating 64% of merchants noting significant customer interest in digital currency payments. TAO Group and BLADE will be among the first customers to implement this new capability.
Monumental Sports & Entertainment (MSE) has partnered with Shift4 (NYSE: FOUR) for payment processing at Capital One Arena in Washington, D.C. The multi-year partnership will implement comprehensive payment solutions across all revenue centers, including concessions and ticket sales.
The agreement includes Shift4 branding throughout the venue and aligns with MSE's $800+ million arena transformation plan. The renovation will expand concession space by 65%, increase restroom space by 30%, and enhance venue entry points. The arena, home to the Washington Wizards and Capitals, has hosted over 50 million people and nearly 5,000 events since 1997.
Shift4 (NYSE:FOUR), a leader in integrated payments and commerce technology, has partnered with the Miami HEAT to power ticketing transactions at Kaseya Center. This collaboration aims to enhance the ticket-buying experience for fans through Shift4's end-to-end payment solution. Eric Woolworth, President of The HEAT Group's Business Operations, emphasized the partnership's role in improving ticketing efficiency and reliability. Anthony Perez, Shift4's SVP of Online Payments & Venues, highlighted the company's ability to meet the high-volume demands of modern sporting venues.
Shift4's integrated commerce solutions are widely used across major professional sports leagues, colleges, and entertainment venues, transforming fan and guest experiences in shopping, ordering, and payment processes.
Shift4 Payments, , a subsidiary of Shift4 Payments, Inc. (NYSE: FOUR), has successfully refinanced its existing revolving credit facility. The new facility, completed on September 5, 2024, provides a $450 million senior secured revolving credit facility, with $112.5 million available for letters of credit. This refinancing, arranged with Goldman Sachs Bank USA as the administrative agent, replaces the previous facility from January 2021.
The new facility offers more flexibility for Shift4's global growth plans. It bears interest at either a term SOFR rate plus 2.00% or an alternate base rate plus 1.00%. The facility is set to mature on September 5, 2029, and was undrawn at closing.