Restaurants

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    Spencer Platt via Getty Images
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    Amex Q3 restaurant spending growth edges down

    The card issuer has recently focused on courting cardholders hungry for restaurant services, but last week reported spending growth in that category had waned.

    By • Oct. 21, 2024
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    Courtesy of Megan Cheung
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    Visa taps AI analytics partner to add merchant services

    The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

    By • Oct. 16, 2024
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    1401461124 via Getty Images
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    Trendline

    Top 5 stories from Payments Dive

    The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

    By Payments Dive staff
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    Vadym Petrochenko via Getty Images
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    Payments investments rise worldwide

    Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

    By • Oct. 15, 2024
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    Creative via Getty Images
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    Global Payments embarks on ‘transition’ year

    The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.

    By • Oct. 9, 2024
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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

    By • Oct. 3, 2024
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    Rawpixel via Getty Images
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    Opinion

    Who really pays for your credit card reward points?

    "While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

    By Parth Vatsal • Sept. 19, 2024
  • A photo of a concession stand in a sports arena. It includes bankds of coolers and several gates for entry and exit. Signs on a call in front and the wall above the coolers all say "Fly Thru Market."
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    Permission granted by Amazon
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    Amazon provides checkout tech at universities, stadiums

    The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.

    By Jessica Loder • Sept. 9, 2024
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    Courtesy of Shift4
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    Shift4 acquires Canadian gift card company for $148M

    Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.

    By • Aug. 27, 2024
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    Courtesy of Grocery TV
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    North American Bancard rebrands in bid to improve

    The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

    By • Aug. 12, 2024
  • Shift4 CEO Jared Isaacman stands in a crowd of people in an astronaut uniform and is being photographed by onlookers.
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    Joe Raedle via Getty Images
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    Shift4 strives to become ‘SpaceX of payments’

    Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.

    By • Aug. 9, 2024
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    Creative via Getty Images
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    Toast aims to move beyond restaurants

    The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

    By • Aug. 7, 2024
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    Anna Moneymaker / Staff via Getty Images
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    Supreme Court lets complaint on debit fees proceed

    The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

    By • July 1, 2024
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    Bryan Bedder / Stringer via Getty Images
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    Amex banks on spending at high-end restaurants

    Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

    By • June 26, 2024
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    bernie_photo via Getty Images
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    Judge sways away from Visa-Mastercard settlement

    On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

    By • June 25, 2024
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    benedek via Getty Images
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    Pennsylvania may ban interchange fees on sales tax

    Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

    By • June 25, 2024
  • Person using a point of sale software system at a restaurant
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    Moyo Studio via Getty Images
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    Amex to buy Tock for $400M

    American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

    By • June 21, 2024
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    tacojim via Getty Images
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    Illinois heads toward landmark card interchange fee restrictions

    The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

    By • June 7, 2024
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    Kevin Dietsch via Getty Images
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    Supreme Court upholds CFPB’s funding structure

    The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least two federal judges to pause CFPB rules, pending the high court's opinion.

    By Dan Ennis • May 16, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Shift4 to buy rival POS firm Revel for $250M

    The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

    By , • May 15, 2024
  • Toast Inc. point of sale device
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    Courtesy of Toast Inc.
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    Toast CFO weighs in on Visa-Mastercard settlement

    The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.

    By • May 13, 2024
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    Justin Sullivan / Staff via Getty Images
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    Visa debit card volume growth keeps sliding

    The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

    By • April 24, 2024
  • Kiosks with biometric cameras at Steak n Shake
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    Permission granted by Steak n Shake
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    Steak ‘n Shake installs facial recognition at self-ordering kiosks

    The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.

    By Julie Littman • April 16, 2024
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    Permission granted by Fiserv
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    Deep Dive

    Fiserv has ambitious goals for Clover. Can it meet them?

    To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.

    By Caitlin Mullen • April 1, 2024
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    Mykola Pokhodzhay via Getty Images
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    Q&A

    FreedomPay doubles down on gateway focus

    The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal. 

    By Caitlin Mullen • March 18, 2024
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan to launch biometric checkout next year

    The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

    By Caitlin Mullen • March 11, 2024