Restaurants: Page 2


  • An image of two employees of Portillo's at the drive-thru.
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    Courtesy of Portillo's
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    Portillo’s drive-thrus go cashless to avoid robberies

    The company aims to improve the safety of its staff, who take drive-thru orders and payments outside, CEO Michael Oslanoo said at ICR.

    By Julie Littman • Jan. 11, 2023
  • Accounts payable and receivable
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    champpixs via Getty Images
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    Paya purchase bolsters Nuvei for economic downturn

    With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

    By Jan. 11, 2023
  • Several ways to pay displayed, including with a phone, a watch and a card at a point-of-sale device. Explore the Trendline
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    Natalia Darmoroz via Getty Images
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    Trendline

    What 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
  • Frank Bisignano, Fiserv CEO
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv CEO lands pay raise in new contract

    The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.

    By Jan. 3, 2023
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv
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    Deep Dive

    Investors press FIS, Fiserv for divestitures

    The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

    By , Dec. 22, 2022
  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv hired ‘thousands’ of workers this year, CEO says

    Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview. 

    By Dec. 19, 2022
  • Grocery worker at checkout
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    David McNew via Getty Images
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    FIS to review business under shareholder pressure

    The payments processor is undertaking a comprehensive review of operations after two investors pressed the company to increase shareholder value.

    By Dec. 16, 2022
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    Courtesy of Shift4
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    Shift4 CEO suggests company could go private

    The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.

    By Dec. 12, 2022
  • Stack of credit cards spread out
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    bernie_photo via Getty Images
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    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
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    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
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek
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    Toast surpasses $100B in annualized payments

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

    By Jonathan Berr • Nov. 15, 2022
  • tim Hortons drive thru only
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    Courtesy of Tim Hortons
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    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
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    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
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    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
  • money,dinero
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    stock photo via Getty Images
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    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 Jonathan Berr • Oct. 28, 2022
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images
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    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
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    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
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    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
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    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.
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    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
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    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
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    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
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    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
  • Sen. Durbin grimaces at committee meeting.
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    Anna Moneymaker via Getty Images
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    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
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    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
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    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