Shift4 Payments Inc., a Lehigh County-based payment processor, has introduced SkyTab POS, a point-of-sale system for restaurants.
Point of sale technology is the modern equivalent of the cash register: it allows customers to pay for their meals, but in addition to cash, the point of sale accepts credit cards, debit cards, etc.
SkyTab uses Android-based software and includes online ordering and reservations, marketing tools and loyalty programs, and mobile devices for table ordering and payment.
It can also connect to delivery services like DoorDash and Uber Eats.
In the event of an internet outage, SkyTab’s “hybrid cloud” structure serves as a backup.
Shift4 said SkyTab is already being tested at the United Center arena in Chicago and the Toyota Center in Houston.
“SkyTab POS is the culmination of Shift4’s decades of experience as a restaurant technology leader,” Shift4 Chief Technology Officer Mike Russo said in a statement.
He said a third of American restaurants already use Shift4 brands and payment processing services.
Shift4 trades on the New York Stock Exchange under the ticker symbol FOUR. It closed at $47.50 on Friday. Over the past 52 weeks, Shift4 has traded as high as $87.66 and as low as $29.39.
The company’s headquarters are in Hanover Township. Jared Isaacman, who founded the company as a teenager and is now 39, is worth an estimated $1.5 billion as of Monday, according to Forbes’ real-time net worth calculation. This makes him the 1,847th richest person in the world.