TORONTO, June 26, 2017 /CNW/ - Posera Ltd. (TSX : PAY), a leading provider of software solutions for the hospitality industry, and Shift4 Corporation, the innovative authority for secure payment solutions and services, announced today that the certification process between Posera's Maitre'D and Shift4's DOLLARS ON THE NET is in progress.
Posera is currently engaged with Shift4 to certify a food and beverage (F&B) integration between the Maitre'D point-of-sale (POS) solution and the DOLLARS ON THE NET payment gateway. The integration will feature support for EMV chip card transactions, along with the layered security of Shift4's tokenization and PCI-validated point-to-point encryption.
With connections to all major processors in the U.S., Canada, and the Caribbean, Shift4 is bank and processor neutral, allowing merchants to choose the financial relationships that best suit their business needs. This new partnership with Shift4 will allow Posera to build on the momentum of their great success in the hotel market across Europe, as they expand throughout North America.
"The Shift4 integration to Maitre'D is a significant asset that adds many capabilities, such as multi-revenue centers and multi-merchant IDs, to stay in line with Posera's strategic focus on payment functionality for hotels," said Dan Poirier, Chief Executive Officer, Posera. "This integration will simplify the ability for 3rd party restaurants to communicate and improve the overall flow of billing reconciliation throughout all merchants," added Poirier.
"We're excited to bring a reliable, secure payments foundation to merchants using Maitre'D. Our partnership with Posera further reinforces our position as true merchant advocates, delivering unrivaled payment security, advanced auditing and reporting features, and world-class customer service to the hospitality industry," said Daniel Montellano, Vice President of Strategic Business Development, Shift4.
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®, which is an EMV compliant Pay-At-The-Table ("PATT") application. Posera's MaitreD'® and FingerPrintsTM restaurant management systems offer a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support. Posera's solutions are deployed globally including 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.
Posera Ltd.'s shares are traded on the Toronto Stock Exchange under the symbol "PAY".
Through constant innovation and resolute independence, Shift4 empowers and protects merchants accepting electronic payments by providing the fastest, most reliable and secure payment services and gateway in the marketplace, DOLLARS ON THE NET®. This solution provides auditing tools, fraud controls, foundational support for new technologies (EMV, P2PE, mobile, etc.), hundreds of certified integrations to leading POS, PMS and e-commerce platforms, and connections to nearly every bank and processor in North America. Shift4 invented tokenization and owns nine payment-security related patents. Learn more at www.shift4.com.
SOURCE Posera Ltd.
For further information: Kevin Mills, Chief Financial Officer, 1.519.434.8017, [email protected], www.posera.com; Media Contact: Marketing Department, Shift4 Corporation, 702.597.2480, [email protected]