Allentown, PA, USA — March 27, 2018

Shift4 Payments Expands Executive Team with New Chief Development Officer and EVP of Development

Shift4 Payments today announced that two hospitality industry veterans are joining the organization in executive-level development roles. Michael Russo will become the company’s Chief Development Officer and Daniel Drasin will join as Executive Vice President of Development. These positions will lead the Shift4 Payments development teams working on software for the company’s point-of-sale (POS) system brands, as well as other innovative technology products and internal systems.

Michael Russo has over 30 years of experience in the hospitality and healthcare technology space, building cutting-edge software products, leading agile teams, driving strategic business initiatives and developing go-to-market strategies. Prior to joining Shift4 Payments, Mr. Russo was Chief Technology Officer at MICROS Systems, Inc., a leading hospitality solutions provider that was acquired and renamed Oracle Hospitality. Throughout his career, Michael has worked with companies at all stages, including venture-backed start-ups, turnarounds and public companies.

Daniel Drasin has nearly three decades of experience leading and transforming product development organizations in the hospitality, healthcare and telecommunications industries. Prior to joining Shift4 Payments, Mr. Drasin was Vice President of Food & Beverage Development at MICROS Systems, Inc. and continued to lead the organization after it was acquired by Oracle. In this role, he was responsible for all F&B-related product development, with additional responsibilities in professional services deliveries and hardware engineering.

“We are very excited to have Michael and Daniel join the Shift4 team. They were driving forces behind the successful development of MICROS Systems for many years, and their experience in the industry will be invaluable as we continue to innovate our own POS systems and other technology solutions,” says Shift4 Payments CEO Jared Isaacman.

About Shift4 Payments

Shift4 Payments is the leader in secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail, and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners, and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year. For additional information, visit