Restaurants: Page 2
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Courtesy of Shift4
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 Lynne Marek • Aug. 27, 2024 -
Courtesy of Grocery TV
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 Lynne Marek • Aug. 12, 2024 -
Joe Raedle via Getty Images
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 Patrick Cooley • Aug. 9, 2024 -
Creative via Getty Images
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 Patrick Cooley • Aug. 7, 2024 -
Anna Moneymaker / Staff via Getty Images
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 Lynne Marek • July 1, 2024 -
Bryan Bedder / Stringer via Getty Images
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 Patrick Cooley • June 26, 2024 -
bernie_photo via Getty Images
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 Lynne Marek • June 25, 2024 -
benedek via Getty Images
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 Lynne Marek • June 25, 2024 -
Moyo Studio via Getty Images
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 Patrick Cooley • June 21, 2024 -
tacojim via Getty Images
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 Lynne Marek • June 7, 2024 -
Kevin Dietsch via Getty Images
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 -
Courtesy of Shift4
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 James Pothen , Lynne Marek • May 15, 2024 -
Courtesy of Toast Inc.
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 James Pothen • May 13, 2024 -
Justin Sullivan / Staff via Getty Images
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 Lynne Marek • April 24, 2024 -
Permission granted by Steak n Shake
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 -
Permission granted by Fiserv
Deep DiveFiserv 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 -
Mykola Pokhodzhay via Getty Images
Q&AFreedomPay 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 -
Michael M. Santiago / Staff via Getty Images
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 -
Eugene Gologursky / Stringer via Getty Images
Fiserv ponders M&A
CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.
By Caitlin Mullen • Feb. 29, 2024 -
Permission granted by Toast
Toast to cut 550 employees
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
By Lynne Marek • Feb. 16, 2024 -
Anna Hrushka/Payments Dive
Q&AAdyen eyes growth in North America
Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.
By Caitlin Mullen • Feb. 14, 2024 -
Permission granted by DoorDash
OpinionWhere will embedded payments flourish in 2024?
There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.
By Julio Gomez • Feb. 5, 2024 -
iStock/lechatnoir
What’s ahead for payments in 2024
The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.
By Lynne Marek • Jan. 31, 2024 -
Justin Sullivan via Getty Images
Customer demand ebbs for Amex
Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.
By Caitlin Mullen • Jan. 26, 2024 -
Natalie Meepian via Getty Images
Payments M&A poised to rise this year
Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.
By Caitlin Mullen • Jan. 18, 2024
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