U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank

Search
 
About



About



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
Resources
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts


Printer Friendly Version View printer-friendly version
<< Back
NOVA and Shift4 Team up for High-Speed Communications
Transaction Times Reduced to 3 Seconds Using Direct IP Connection

ATLANTA & LAS VEGAS--(BUSINESS WIRE)--May 12, 2004--NOVA Information Systems (NOVA) and Shift4 Corporation announced today that all Shift4 merchants, POS vendors and value-added resellers (VARs) previously connecting to NOVA via dial-up have been successfully migrated to a direct high-speed connection. Average authorization transaction times are reduced from around 15 seconds over dial to less than 3 seconds on the new interface. Shift4's community of more than 75 POS vendors and VARs serving the restaurant, lodging and hospitality markets now have access to the NOVA Network, rated number one in speed and reliability by MasterCard.

Hundreds of merchants using Shift4's web-based enterprise payment processing solution, $$$ ON THE NET®, were automatically converted from dial to direct IP connectivity, resulting in faster transaction times and lower communication costs. Merchant locations included Trump Plaza in Atlantic City, JFK International Airport, and several Aramark foodservice properties. Hundreds of additional properties that currently connect via a third party to NOVA are also in the process of being converted. Shift4 POS vendors and VARs include MICROS, RunIT, Aloha, Retail Pro, Smyth Systems, Digital Dining, Spa Soft, and InnQuest.

"The process was so seamless that merchants weren't aware of the change happening," said Lori Laughlin, vice president product development, NOVA Information Systems. "One day transactions were taking 15 seconds and the next day they were taking 3 seconds. The new IP connection option between Shift4 and NOVA underscores our commitment to fast, reliable processing services."

"As a bank and processor neutral solution, we encourage our customers to select the processor that gives them the best service for the best value. This new IP connection between Shift4's state-of-the-art data center and NOVA allows customers to take advantage of what NOVA offers as one of today's leading processors without sacrificing transaction speed," stated J.D. Oder II, vice president of research and development and chief technology officer, Shift4. "Customers utilizing $$$ ON THE NET to process their credit, debit and private label card transactions can now quickly, reliably and securely communicate these transactions to NOVA."

About NOVA

NOVA Information Systems, a leader in the payment processing industry, is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB) NOVA partners with financial institutions, independent sales organizations, associations, government agencies and community banks to offer integrated payment processing services to their merchants and retailers. NOVA's products include credit and debit card processing services, software applications, electronic check conversion, gift card solutions and other value-added services to more than 650,000 merchant locations in the United States and Europe. For more information visit www.novainfo.com.

About Shift4

Shift4, a leading developer of financial transaction processing software and services, provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices and e-commerce markets. Through connectivity to most of the major processors, $$$ ON THE NET provides both high speed and low cost authorizations and settlements for credit, debit, check, private label and gift card transactions. $$$ ON THE NET also includes the ability to access, review and edit transactions prior to settlement. A searchable, 24-month archive of transactions for reporting and charge back defense is also included. Shift4's solutions are designed to integrate with virtually any POS/PMS system and interface partners include MICROS, RunIT, Aloha, Retail Pro, Smyth Systems, Digital Dining, Spa Soft and InnQuest. Shift4's $$$ ON THE NET application and data center are acknowledged by Visa USA as compliant with their Cardholder Information Security Program (CISP), and are also compliant with MasterCard's SDP and American Express's DSOP. For more information, contact Shift4 at (702) 597-2480 or visit www.shift4.com.


Contact:
     NOVA Information Systems
     Michelle Graff, 678-731-5064



Source: NOVA Information Systems

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.





Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers