Tao Group Hospitality Selects Shift4 Payments as its Payment Processing Provider

Rhea-AI Summary

Tao Group Hospitality has partnered with Shift4 Payments to enhance payment processing across its U.S. venues, including notable locations in New York, Las Vegas, Chicago, and Los Angeles. This collaboration will implement Shift4's secure, integrated payment solutions and the latest contactless payment technology, ensuring operational efficiency and improved guest experiences. Shift4 Payments (NYSE: FOUR) is recognized for its comprehensive payment solutions, supporting various industries and processing over 3.5 billion transactions annually.

Positive

• Tao Group Hospitality selected Shift4 Payments, enhancing its payment processing security and efficiency.
• Shift4's contactless payment technology will improve customer experience in Tao’s venues.
• The partnership aims to streamline operations and reduce payment processing times.

Negative

• None.

Tao Group Hospitality, a leading restaurant and nightlife company, has selected Shift4 Payments to provide secure, integrated payment processing for its U.S.-based venues. This includes its restaurant and nightclub properties in New York, Las Vegas, Chicago and Los Angeles.

Tao Group Hospitality develops, owns and operates many of the world’s most recognized restaurant and entertainment venues under various brands including TAO, Marquee, Avenue, LAVO, Beauty & Essex, Cathédrale, The Highlight Room, Luchini, Koma, Hakkasan, Omnia and Ling Ling in major markets across the globe.

Shift4 will provide its end-to-end payment solution to Tao Group Hospitality’s U.S. properties, including the company’s latest contactless payment technology. Shift4’s unified commerce ecosystem delivers everything needed to process payments, including contactless EMV devices, a secure payments platform with tokenization and PCI-validated point-to-point encryption (P2PE), and enterprise management and reporting tools.

“Tao Group Hospitality operates some of the most iconic restaurant and nightlife destinations across the globe, and these world-class venues deserve best-in-class payment processing technologies,” said Shift4’s CEO Jared Isaacman. “By utilizing our end-to-end solution, they will be able to improve operational efficiency while delivering a streamlined payment experience to guests.”

About Shift4 Payments

Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, delivering a complete omni-commerce ecosystem that extends beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019. For more information, visit shift4.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210603005089/en/

FAQ

What partnership did Shift4 Payments announce on June 3, 2021?

Shift4 Payments announced a partnership with Tao Group Hospitality to provide integrated payment processing for its U.S. venues.

How will Shift4 Payments improve Tao Group's operations?

Shift4 Payments will enhance operational efficiency and streamline payment processing for Tao Group's restaurant and nightlife venues.

What payment technologies will be utilized by Tao Group Hospitality?

Tao Group Hospitality will utilize Shift4's contactless payment technology and secure payment solutions.

In which cities are Tao Group's venues located?

Tao Group has venues in New York, Las Vegas, Chicago, and Los Angeles.

What is the stock symbol for Shift4 Payments?

The stock symbol for Shift4 Payments is FOUR.