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Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania. [2] [3] The company, founded in 1999 by the then 16-year-old Jared Isaacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure and restaurant industries.
Worldpay provides payment strategies and technologies to over 1,400 financial institutions, including more than 700 credit unions throughout the U.S., supporting over 33 million debit cards and processing more than 15.7 billion transactions each year. [36]
In 1995, the company merged its merchant processing services with those of Visa Inc. [6] In August 2004, the company acquired Clarity Payment Solutions for $53 million. [7] In 2007, Synovus completed the corporate spin-off of TSYS. [8] In July 2004, the company began processing the credit cards issued by J.P. Morgan Chase. [9]
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It also provides reloadable prepaid debit cards and payroll cards, and demand deposit accounts to the underbanked. [citation needed] In 1959, TSYS was founded as a division of Columbus Bank and Trust (now Synovus). In 1974, it began processing credit cards for other banks. In August 1983, the company became a public company via an initial ...