Restaurants


  • Stack of credit cards spread out
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    bernie_photo via Getty Images

    Card debt mounts for younger, less affluent borrowers

    Debt burdens and delinquencies are rising more rapidly for younger and less wealthy borrowers, the New York Federal Reserve Bank researchers said.

    By Nov. 18, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv ‘maniacally focused’ on expense management

    When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”

    By Nov. 15, 2022
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    Trendline

    Payment fintechs persist despite economic upheaval

    Payment fintechs are being tested by macro-economic headwinds, from inflation to supply constraints, but many see this as an opportunity to prove they can grow despite the obstacles.

    By Payments Dive staff
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek

    Toast surpasses $100B in annualized payments

    The payments company that caters to restaurants reached that quarterly record after significant expansion this year.

    By Nov. 15, 2022
  • tim Hortons drive thru only
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    Courtesy of Tim Hortons

    Tim Hortons offers scan-to-pay option

    Rewards members can pay for orders and earn or redeem rewards with a single scan if they link a credit card or Tim Card to the restaurant’s mobile app. 

    By Emma Liem Beckett • Nov. 14, 2022
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    Joe Raedle via Getty Images

    Block pledges to curb spending

    The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.

    By Nov. 4, 2022
  • Restaurant diners eat outside
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    Spencer Platt / Staff via Getty Images

    Fiserv scoops up Nextable

    With the latest acquisition, Fiserv is further strengthening its restaurant chops, adding cloud-based reservation and table management to its BentoBox operation.

    By Nov. 3, 2022
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    stock photo via Getty Images

    Mastercard profit rises on consumer spending

    The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

    By Oct. 28, 2022
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images

    Fiserv sheds Korea unit, plans move to Milwaukee

    After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

    By Updated Oct. 28, 2022
  • Discover Financial CEO Roger Hochschild
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021

    Discover tightens underwriting

    Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.

    By Oct. 26, 2022
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    Mario Tama via Getty Images

    Earnings preview: Payments companies confront 3Q challenges

    Macroeconomic headwinds, consumer health and cost management are set to be topics of conversation during payments companies' quarterly earnings calls.

    By Oct. 20, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Analysts on lookout for Fiserv job cut costs

    With the company set to report third-quarter results next week, ongoing employee cuts have put severance expense under the microscope.

    By Oct. 18, 2022
  • Toast Inc. point of sale device
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    Courtesy of Toast Inc.

    Will Toast achieve profits next year?

    Restaurant payments company Toast may be on a path to profitability by the third quarter of next year, Mizuho Americas analysts predicted this week.

    By Oct. 12, 2022
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images

    Fiserv cuts deeper into workforce

    Payment processing giant Fiserv pared more employees in recent weeks as the company seeks to boost profit margin growth amid economic turmoil.

    By Oct. 11, 2022
  • Fed Reserve Chair Jerome Powell standing at podium and adjusting his glasses with his hand.
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    Drew Angerer via Getty Images

    Fed majority votes to finalize debit rule

    In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.

    By Oct. 4, 2022
  • A person types on a computer with omni-commerce images over top
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    Blue Planet Studio via Getty Images

    Fiserv adds data service for large merchants

    The payments processor’s new Carat point-of-sale offering aims to help big businesses optimize transaction data.

    By Oct. 4, 2022
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    Anna Moneymaker via Getty Images

    Durbin maps path for card bill

    Sen. Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill.

    By Oct. 3, 2022
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    Joe Raedle via Getty Images

    Grocery, restaurant spending climbs: Mastercard

    “Consumers are shifting their spending in the face of higher prices and a reinvigorated appreciation for experiences,” Mastercard said in a new report.

    By Tatiana Walk-Morris • Oct. 3, 2022
  • Worker using point of sale system in coffee shop
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    time99lek via Getty Images

    Fintechs gain ground in merchant acquiring

    New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.

    By Oct. 3, 2022
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    Permission granted by Uber Eats

    Visa, Uber issue $1M in grants to small business owners

    The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.

    By Julie Littman • Sept. 30, 2022
  • A picture of a woman holding up a credit card in front of a laptop.
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    wichayada suwanachun via Getty Images

    DoorDash teams with Chase, Mastercard on credit card

    Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

    By Julie Littman • Sept. 27, 2022
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    Permission granted by Uber Eats

    Uber Eats integrates with Toast, Clover

    The integrations will allow Uber Eats’ restaurant partners to onboard with both their POS provider and the delivery company much faster. 

    By Julie Littman • Sept. 27, 2022
  • PNC Bank
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    "PNC" by ParentingPatch is licensed under CC BY-SA 3.0

    PNC buys restaurant point-of-sale firm Linga

    The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

    By Anna Hrushka • Sept. 27, 2022
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    Michael M. Santiago via Getty Images
    Opinion

    QR code resurges for payments

    “Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.

    By Mike Storiale • Sept. 22, 2022
  • Small business owner talks on phone while standing at register
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    gorodenkoff via Getty Images

    Profits slip for small businesses: survey

    Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

    By Tatiana Walk-Morris • Sept. 21, 2022
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    Justin Sullivan via Getty Images

    House lawmakers add credit card competition bill

    Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

    By Sept. 20, 2022