Shift4 and Posera Announce Integrated Solution for the Hospitality Industry

Full-Featured Joint Solution Is Available Today in the U.S. and Canada

LAS VEGAS and TORONTO, Dec. 1, 2017 /CNW/ -- Payment services and gateway provider Shift4 Corporation and Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, today announced the availability of their feature-rich and EMV-certified joint solution.

Shift4's DOLLARS ON THE NET integrates with Posera's Maitre'D to support credit, debit, and gift card transactions, and provides out-of-the-box support for U.S. and Canadian EMV, point-to-point encryption (P2PE) and tokenization. Their offering includes comprehensive auditing and accounting tools, the industry's best uptime and simple adoption of emerging and alternative payment methods, such as mobile wallets.

With the joint solution, food and beverage (F&B) operators can process EMV payments to help prevent the fraudulent use of stolen card data at physical points of sale in fine and casual dining, quick service, hotels, bars and more, while adding the layered security of Shift4's tokenization and PCI-validated P2PE. This keeps sensitive cardholder data out of the business's payment processing environment — greatly reducing the risk of a breach and simplifying PCI assessments — while protecting their guests' payment data from hackers.

"We're very excited to announce the availability of the Posera and Shift4 integrated solution," said Dan Poirier, Chief Executive Officer at Posera. "The full-featured Maitre'D solution pairs perfectly with Shift4's suite of payment solutions and services."

Shift4 proudly supports more than a dozen EMV-capable terminals by Ingenico Group and Verifone, a host of payment functionalities such as bar tabs, tips, EMV quick chip and more. Their unmatched bank and processor options make it possible for F&B operators to adopt EMV without changing their financial relationships, giving them the freedom to negotiate the best payment processing rates or make a switch if needed. Shift4 is currently certified for EMV with 10 major processors — delivering unparalleled coverage of acquirers in the U.S., Canada, Caribbean and participating regions of Visa Direct.

"Shift4's ability to provide options for merchants of all sizes and in all industries, has allowed us to support our mission of merchant advocacy," said Daniel Montellano, VP of Strategic Business Development at Shift4. "Our partnership with Posera and integration to their Maitre'D POS now provides a top choice for hospitality and food and beverage operators."

To learn more about Shift4's payment gateway and services, visit www.shift4.com or call 800.265.5795.

More information about Posera can be found on the company's website at www.posera.com or under the company's profile on SEDAR at www.sedar.com.

About Shift4 Corporation
Shift4 services merchants and partners in many industries by delivering feature-diverse, secure payment solution services, via our gateway DOLLARS ON THE NET®. Shift4 provides options for devices, processor/bank and POS/PMS integrations that empower its partners to service merchants in U.S., Canada, Caribbean, and all participating regions of Visa Direct. Shift4 invented tokenization and owns nine payment-security related patents. Learn more at www.shift4.com.

About Posera
Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include: SecureTablePay®, an EMV compliant pay-at-the-table application; Maitre'D®, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera's solutions are deployed globally across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

Media Contacts
Marketing Department
Shift4 Corporation
702.597.2480
pr@shift4.com

Kevin Mills, Chief Financial Officer
Posera Ltd.
519.434.8017
ir@posera.com

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SOURCE Shift4 Corporation