Shift4, the market leader in integrated payments and commerce technologies, has recently announced entering into a partnership with Mashgin, the world's fastest touchless self-checkout system. The partnership facilitates stores that use Mashgin to integrate Shift4 payment processing at their point of sale smoothly. It also helps stadiums, retailers, and other enterprises that use Shift4 to significantly cut checkout queues with computer vision-powered checkout kiosks from Mashgin.
Mashgin kiosks are currently operational at more than 2,300 places in the U.S., including airports, convenience stores, corporate cafeterias, entertainment venues, and ski resorts. With the assistance of several cameras, Mashgin kiosks identify goods and food with 99.9% accuracy and ring them up at the same time. It's not necessary to find and scan barcodes. Customers can place their purchases on the tray of the Mashgin kiosk, and the cost of each item is instantaneously determined.
Mashgin transactions are close to 400% faster than a typical cashier and are shown to boost customer throughput by 96%. This results in shorter queues, more sales and happier customers. Stadiums using Mashgin have seen sales increases of 25% to 400%.
Shift4's end-to-end payment ecosystem powers businesses in more than 200,000 merchant locations around the world. The company's integrated, streamlined solution includes everything a business requires to process payments, such as point-to-point encrypted EMV devices, POS/PMS software integrations, a secure payment platform, contactless and mobile technology, and more. This makes operations more accessible and lowers the overall cost of accepting payments.
About Shift4
Headquartered in Pennsylvania, Shift4 is a leading payment processing company, boldly transforming commerce by making complex payment systems around the world easier to use. As the market leader in commerce-enabling technologies, Shift4 makes billions of transactions happen every year for hundreds of thousands of businesses in almost every industry.
About Mashgin
Mashgin, founded in 2013 and headquartered in Palo Alto, California, is the fastest self-checkout system in the world powered by AI and computer vision. With its four-times-faster checkout than cashiers and conventional points-of-sale, Mashgin's Touchless Checkout System makes customers happier and helps retailers make more money. The company is backed by NEA, Matrix Partners, Susa Ventures and Y Combinator.