LAS VEGAS and TORONTO (Marketwire) Thursday, January 6, 2011 – Shift4 Corporation, the world’s leading independent provider of payment gateway services, and MI9, developers of the Intelligent Retail System product suite, today announced a partnership aimed at combining the speed, security, and reliability of Shift4’s DOLLARS ON THE NET® with MI9’s feature-rich retail MI9 Store point-of-sale (POS) and back office management system.
“Our partnership with Shift4 and their DOLLARS ON THE NET payment gateway enables MI9 to offer our retail point-of-sale customers a solution that takes their POS out of scope and provides a variety of features and advantages unique within the payment processing industry, including industry-leading card security via tokenization,” said Enrica Carroll, MI9’s Vice President, Business Development.
With this integration, MI9 clients will no longer be required to store, process, or transmit sensitive cardholder data, nor will they need to maintain complex encryption keys. These changes will greatly simplify the merchant’s PCI compliance process. Shifting the data security burden onto Shift4, a recognized industry leader, will allow merchants to put more focus on their core business and on their customers while providing significant time- and money-savings in the realm of PCI.
“We’re excited to now be offering 4Go® and TrueTokenization® to MI9’s customer base and reducing the scope of their PCI-DSS compliance headaches while increasing their speed, reliability, and flexibility,” said Shift4 CEO Dave Oder.
The MI9 Store retail management system is fully integrated and pre-certified with DOLLARS ON THE NET, minimizing the retailers’ PCI-DSS certification costs and enabling the system to be quickly and inexpensively implemented at all customer sites in conjunction with the MI9 Store system.
This “off-the-shelf” solution will offer support for US and Canadian PIN Debit, signature capture, check verification, and Shift4’s comprehensive gift card system IT’S YOUR CARD®.
DOLLARS ON THE NET users are likely to see overall cost savings thanks to advanced auditing tools and features such as Assured Delivery, which ensures that transactions are not lost or duplicated. These proprietary technologies help merchants avoid costly chargebacks and downgrades.
About Shift4 Corporation
Founded in Las Vegas in 1994, Shift4 Corporation is the largest independent payment processing gateway in North America, serving more than 20,000 clients in several industries, including Hospitality, Retail, Food Beverage, Mail/Telephone Order, and e-Commerce. Boasting more than 350 POS/PMS integrations and maintaining absolute bank- and processor-neutrality, Shift4 is proudly merchant-centric, helping clients secure the best discount rates while providing industry-leading security, speed, and reliability. Recognized as a pioneer of Tokenization, Shift4 has processed more than a billion tokenized transactions since it coined the term in 2005. Shift4’s DOLLARS ON THE NET® solution provides unparalleled pre- and
post-settlement auditing capabilities, fraud protection, and drastically simplified PCI-compliance. For more information, visit www.shift4.com.
About MI9
Founded in 2001, MI9 is a premier software development company specializing in Business Intelligence-centric’ solutions for retail. MI9’s intelligent Retail System product suite includes: MI9 Business Intelligence (BI retail data warehouse), MI9 Merchant, a merchandise management system with fully integrated BI, MI9 Store, a comprehensive POS and store management system, and MI9 Intelligent Allocation, a BI-driven forecasting system for optimizing inventory across all business channels. Select customers embracing this ‘intelligent’ approach to retailing include: Tuesday Morning, Barneys New York, Danier Leather, Hard Rock Cafe, Aubuchon Hardware, Home Depot Mexico, Holt Renfrew, Marvin’s, Friedman’s, Academy Sports + Outdoors and Bare Escentuals. For more information on MI9, visit www.mi9retail.com or call 416-491-1483.