Restaurants
-
FIS CEO sizes up competition
CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.
By Lynne Marek • May 31, 2023 -
Consumers use cash to forget, study shows
New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase.
By Caitlin Mullen • May 30, 2023 -
Explore the Trendlineâž”
Natalia Darmoroz via Getty ImagesTrendlineWhat comes next for payments in 2023?
The payments industry is expected to keep blazing this year in several promising segments of the market, even as less capital flowing to startups is likely to trigger more competition and consolidation.
By Payments Dive staff -
Square adds franchise platform
Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.
By Julie Littman • May 17, 2023 -
Shift4 snags Focus POS for $45M
The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.
By Caitlin Mullen • May 4, 2023 -
Walmart, Kroger eye instant payments
The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.
By Lynne Marek • May 1, 2023 -
NCR in recovery as ransomware disrupts widely used point-of-sale system
In-restaurant purchases are still being processed on NCR Aloha, but other capabilities and business processes remain down, the company said.
By Matt Kapko • Updated April 24, 2023 -
Square rolls out new features
Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.
By Caitlin Mullen • April 13, 2023 -
Visa rattles ISOs with surcharge plan
Payment processors and their merchant clients are bracing for Visa’s 3% surcharge cap that may be imposed Saturday. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.
By Lynne Marek • April 12, 2023 -
Panera tests Amazon One palm payments at 2 cafes
Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.
By Aneurin Canham-Clyne • March 22, 2023 -
DoorDash adds cash payment option
The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.
By Julie Littman • March 21, 2023 -
Shift4 needles rival Toast
Toast and Shift4 are battling to win larger customers in the intensely competitive restaurant payments arena.
By Caitlin Mullen • March 8, 2023 -
Square raises prices
The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.
By Caitlin Mullen • March 2, 2023 -
Block boosts Ahuja’s responsibilities
Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.
By Caitlin Mullen • Feb. 24, 2023 -
Square chases bigger merchants
Block-owned Square made its name catering to owners of small businesses, but the company is now setting its sights on bigger clients for growth.
By Caitlin Mullen • Feb. 22, 2023 -
Visa CFO to exit
Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.
By Caitlin Mullen • Feb. 16, 2023 -
Toast acquires drive-thru tech company
Adding Delphi Display Systems’ technology helps Toast more broadly serve its quick-service restaurant customers, the company’s executives said.
By Caitlin Mullen • Feb. 16, 2023 -
SpotOn aims to unseat restaurant rivals
The restaurant payments and software company is battling Toast and Square and taking on legacy payments companies such as NCR and Oracle.
By Caitlin Mullen • Feb. 14, 2023 -
Lightspeed bets on bigger customers
In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.
By Caitlin Mullen • Feb. 6, 2023 -
Merchants frustrated with fees, tech issues
Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.
By Caitlin Mullen • Feb. 3, 2023 -
Visa gets snarled in probes
The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”
By Lynne Marek • Jan. 30, 2023 -
Visa’s incoming CEO taps new team
Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.
By Lynne Marek • Jan. 30, 2023 -
Visa, Mastercard, Amex results buoyed by consumer spending
The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.
By Lynne Marek • Jan. 27, 2023 -
DailyPay lands $260M in debt financing
The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.
By Lynne Marek • Jan. 26, 2023 -
Bank card spending volume slows
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
By Caitlin Mullen • Jan. 17, 2023 -
2023 Payments Outlook
These payments companies could be acquisition targets
With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.
By Caitlin Mullen • Jan. 12, 2023