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Shift4 Payments
Shift4 is an American payment processing company publicly listed on the New York Stock Exchange and based in Allentown, Pennsylvania. 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. Shift4 specializes in commerce solutions such as mobile payment software and hardware. When the company went public in 2020, Isaacman was still the CEO. History While working as an employee of a payment processing company, the 16-year-old Isaacman (who had already earned his GED and gone to work full-time) identified what he saw as inefficiencies in the industry. In response, he launched United Bank Card in his parents' basement in Far Hills, New Jersey. At the time, it generally took merchants about one month to set up a payment system and merchants had to pay for their credit card readers and sign a lengthy application. As an alternative, Isaacman's new company cut the ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Russell 1000
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight *Technology *Consumer Discretionary * Health Care *Industrials *Financial services Top 10 holdings *Apple () *Microsoft () *Amazon () *Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () *Nvidia () *Berkshire Hathaway () *UnitedHealth Group () (as of Dece ...
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Payment Processor
A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to various card associations and supply authorization and settlement services to the merchant banks' merchants. Back-end processors accept settlements from front-end processors and, via the Federal Reserve Bank for example, move the money from the issuing bank to the merchant bank. In an operation that will usually take a few seconds, the payment processor will both check the details received by forwarding them to the respective card's issuing bank or card association for verification, and also carry out a series of anti-fraud measures against the transaction. Additional parameters, including the card's country of issue and its previous payment history, are a ...
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Jared Isaacman
Jared Isaacman (born February 11, 1983) is an American entrepreneur, pilot, philanthropist, and commercial astronaut. He is the founder, CEO of Draken International, a private air force provider and Shift4 Payments, a payment processor. As of September 2022, his estimated net worth is US$1.5 billion. Isaacman was the commander of Inspiration4, a private spaceflight using SpaceX's Crew Dragon ''Resilience'', launched from Kennedy Space Center in Florida on September 16, 2021. The crew returned to Earth on September 18, 2021, after orbiting at in altitude. The mission was part of a fundraiser for St. Jude Children's Research Hospital, to which Isaacman pledged to donate $100 million. Isaacman will command the Polaris Dawn mission, the first private spaceflight in a series of missions named the Polaris Program. Isaacman is currently undergoing commercial astronaut training at SpaceX. Early life Jared Isaacman was born on February 11, 1983 to Donald and Sandra Marie Isaa ...
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Allentown, Pennsylvania
Allentown (Pennsylvania Dutch language, Pennsylvania Dutch: ''Allenschteddel'', ''Allenschtadt'', or ''Ellsdaun'') is a city in Lehigh County, Pennsylvania, Lehigh County, Pennsylvania. The city has a population of 125,845 as of the 2020 United States census, 2020 census. It is the fastest-growing major city in Pennsylvania and the state's third largest city, behind Philadelphia and Pittsburgh. It is the largest city in both Lehigh County and the Lehigh Valley, which had a population of 861,899 and was the 68th most populous Metropolitan statistical area, metropolitan area in the U.S. as of 2020. Allentown was founded in 1762 and is the county seat of Lehigh County. Located on the Lehigh River, a tributary of the Delaware River, Allentown is the largest of three adjacent cities, along with Bethlehem, Pennsylvania, Bethlehem and Easton, Pennsylvania, Easton, in Lehigh and Northampton County, Pennsylvania, Northampton counties that form the Lehigh Valley region of eastern Pennsylv ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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General Educational Development
The General Educational Development (GED) tests are a group of four subject tests which, when passed, provide certification that the test taker has United States or Canadian high school-level academic skills. It is an alternative to the US high school diploma, as is HiSET. The GED Testing Service website currently does not refer to the test as anything but "GED". The American Council on Education (ACE), in Washington, D.C. (U.S.), which owns the GED trademark, coined the initialism to identify "tests of general equivalency development" that measure proficiency in science, mathematics, social studies, reading, and writing. Passing the GED test gives those who do not complete high school, or who do not meet requirements for high school diploma, the opportunity to earn their high school equivalency credential, also called a high school equivalency development or general equivalency diploma. It is called the GED in the majority of the United States, Canada, or internationally. In 2 ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ...
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Roadshow
Roadshow theatrical release is a practice in which a film opened in a limited number of theaters in large cities. Road show or Road Show may also refer to: *''Antiques Roadshow'', a BBC TV series where antiques specialist travel around the country to appraise objects * ''Road Show'' (musical), a musical by Stephen Sondheim and John Weidman * ''Road Show'' (film), a 1941 film *''The Road Show'', a 1977 Canadian television series * ''Road Show'' (album), a 1960 album by the Stan Kenton Orchestra with June Christy and The Four Freshmen *''RoadShow'', a media company in Hong Kong *The Radio 1 Roadshow, a former summer event in the UK (1973-1999) See also *Financial roadshows *Travelling exhibition A travelling exhibition, also referred to as a "travelling exhibit" or a "touring exhibition", is a type of exhibition that is presented at more than one venue. Temporary exhibitions can bring together objects that might be dispersed among sever ...
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3dcart (software)
Shift4Shop (formerly 3dcart) is a technology company that develops e-commerce software for businesses. The company was founded in 1997 with headquarters in Tamarac, FL. Shift4Shop develops electronic commerce application for online stores and retail point-of-sale systems. History 3dcart was founded by developer and architect Gonzalo Gil as Infomart 2000, and development started in Tamarac, Florida in 1997. 3dcart was released to the public in 2001. 3dcart platform was created to maximize opportunities for retailers, and manufacturers. 3dcart was 100% bootstrapped, until Jan 2010, when it closed $1.25 million in funding. It saw major growth, when it was announced as the preferred ecommerce solutions for fulfillment by Amazon. In March 2017, the company announced partnership with Square Inc. to integrate and accept credit card payments through its platform. In July 2020, 3dcart partners witSmartargetto integrate messaging apps, such as WhatsApp and Facebook Messenger. In November 2 ...
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E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. Defining e-commerce The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other techno ...
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Finaro
Finaro (the trading name of Credorax, Inc.), is an Israel-based online merchant acquiring bank and payment service provider (PSP). The company was established in 2007 by Benny Nachman. The company operates in the European Union, United States, and China. History Credorax was founded as a financial technology startup in 2007, in Southborough Massachusetts by Benny Nachman. From its start, the company launched and developed as an online acquiring bank acting as an intermediary between issuing banks or payment service providers and e-commerce merchants. The initial funding was provided by Blumberg Capital. By 2014, the company received nearly $130 million in venture funding from Blumberg Capital, FTV capital and other investment firms. In 2010, the company was licensed to operate under the EU Payment Services Directive (PSD). In 2014, it obtained commercial banking license in Japan and in 2015, the company received a commercial banking license in Malta allowing it to operate wit ...
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