Accessible through a mobile app or a Web browser, VT4 turns mobile devices into a convenient point of sale. The solution was unveiled at TRANSACT 14: Powered by ETA.

“A lot of the mobile technologies on the market today simply don’t provide the features that larger businesses require,” said Dave Oder, Shift4’s CEO. “Many merchants sacrificed security and PCI compliance in the rush to adopt early mobile solutions. VT4 is the answer that businesses have been looking for; it is mobile payments designed with the enterprise in mind.”

Shift4’s VT4 provides online and offline processing capabilities that enable users to complete credit, debit, cash and gift card transactions across all business outlets, including resort properties with onsite retail and restaurants. VT4 is the first 100 percent bank- and processor-neutral payment app and also allows for an unlimited number of MIDs and users, making it the ideal mobile payment solution for enterprises.

VT4 fills the security gap left open by current mobile payment apps. Using TrueTokenization^® and P2PE, VT4 ensures sensitive cardholder data never enters the mobile device. It also offers complete administrator control over the devices – admins can remotely add or disable a user’s access, or modify their permissions in real time.

“Whether a country club wants a convenient way for customers to make a concessions purchase out on the golf course, or a retailer needs more points of sale for temporary increases in transaction volume, such as during a holiday sale, VT4 is the quickest and safest way to accept mobile payments,” said Oder.

Transactions processed through VT4 will batch and settle seamlessly alongside transactions from a merchant’s POS systems at the end of each day.