Shift4 Payments has introduced a new contactless payment technology called QR Pay.
The new solution will enable users to make payments by scanning a QR code at a payment terminal or on a receipt.
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By GlobalDataThe rollout comes at a time when customers are increasingly opting for contactless payments amid Covid-19 crisis.
Shift4 Payments CEO Jared Isaacman stated: “As businesses across the country reopen, they will need to adapt to changing consumer preferences including a new focus on contactless technologies.
“We developed QR Pay to provide a completely touchless payment experience that’s secure, safe, and convenient.”
QR Pay has been integrated with several POS and property management systems (PMS) to enable contactless payment at checkout.
Shift4 will release support for loyalty functionality and full ordering capabilities with subsequent software updates.
Shift4 Payments provides payment processing solutions and has more than 7,000 sales partners. Last year, the company processed more than 3.5 billion transactions for around 200,000 businesses.
In March, it introduced an online resource to secure financial support for businesses affected by the Covid-19 pandemic.
The plan involved raising $200m in funding. Shift4 Payments also made a contribution of $10m towards the effort.
Globally, the pandemic has infected nearly 9.5 million people. According to Johns Hopkins, the death toll stands at 482,923.
