Restaurants: Page 2
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Amex adds cards at a slower rate
As the company’s marketing spending dipped in the third quarter, Amex acquired fewer new cards than it has in recent quarters.
By Caitlin Mullen • Oct. 20, 2023 -
Square adds generative AI tools for sellers
The point-of-sale provider's latest features include menu and website copy generators, which are designed to automate operations and increase efficiency.
By Aneurin Canham-Clyne • Oct. 19, 2023 -
Trendline
Top 5 stories from Payments Dive
The evolution of how payments are processed, and associated costs involved, are roiling the industry this year, forcing companies to rethink pricing schemes and revamp corporate strategies. Fallout from the failure of several U.S. banks added another twist.
By Payments Dive staff -
Q&A
Fiserv exec talks Carat competition, growth
Carat’s recent expansion of its relationship with customer Inspire Brands “is what ‘good’ looks like in many ways for us,” said Casey Klyszeiko, the head of Fiserv’s global commerce platform for large clients.
By Caitlin Mullen • Oct. 16, 2023 -
Fiserv buys Brazil’s Skytef
With the purchase, the payment processor said it adds about 600 independent software vendor partners and about 27,000 merchants in Brazil.
By Caitlin Mullen • Oct. 12, 2023 -
Payments conferences to consider for 2024
Payments professionals will have plenty of choices when contemplating conferences to attend next year. The hard part will be choosing which to attend. Here are our staff picks.
By Lynne Marek • Oct. 9, 2023 -
CFPB’s Chopra warns of ‘financial censorship’ in payments
The federal agency is considering regulatory action to better protect U.S. consumers from “excessive surveillance,” Director Rohit Chopra said last week during a Brookings Institution event.
By James Pothen • Oct. 9, 2023 -
Block cuts employees
Jack Dorsey-led Block is the latest payments company to make staff cuts and pull back on hiring as it pursues profitable growth.
By Caitlin Mullen • Oct. 6, 2023 -
Shift4 acquires SpotOn unit for $100M
With the purchase of SpotOn’s sports and entertainment business unit, Shift4 scoops up its rival’s customers in that market.
By Caitlin Mullen • Oct. 3, 2023 -
Jack Dorsey faces full Square agenda
The billionaire co-founder is likely to focus on large clients, sales strategy and IT issues after he takes over the Block merchant unit next week, analysts predicted.
By Caitlin Mullen • Sept. 28, 2023 -
Square adds merchant tools
Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.
By Caitlin Mullen • Sept. 27, 2023 -
Uber to add more payments tools to its app
The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.
By Catherine Douglas Moran • Sept. 21, 2023 -
Stadium payments competition heats up
Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.
By Caitlin Mullen • Sept. 20, 2023 -
Square CEO to depart
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.
By Caitlin Mullen • Sept. 18, 2023 -
Digital dollar bill resurfaces in Congress
The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.
By Lynne Marek • Sept. 18, 2023 -
Battle over credit card bill escalates
The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies.
By Lynne Marek • Sept. 15, 2023 -
Square apologizes for last week’s outage
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”
By Caitlin Mullen • Sept. 14, 2023 -
Block CFO details Square’s revamped sales approach
Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.
By Caitlin Mullen • Sept. 7, 2023 -
Toast CEO resigns
Chris Comparato, who has been CEO since 2015, told the restaurant payments company’s board on Friday that he’ll exit his leadership posts on Jan. 1.
By Caitlin Mullen • Sept. 5, 2023 -
Elavon, Ingenico team on new payments tool
U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.
By Lynne Marek • Aug. 30, 2023 -
Toast CEO: Lessons learned from fee flub
“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.”
By Caitlin Mullen • Aug. 10, 2023 -
Shift4 shrinks workforce
The payments company cut 150 employees in the second quarter, executives said Thursday during an earnings conference call.
By Caitlin Mullen • Aug. 3, 2023 -
Square’s new GM for restaurants targets bigger operators
Ming-Tai Huh shares how his position as a restaurant operator and a tech executive has given him a singular view of the restaurant industry’s challenges.
By Aneurin Canham-Clyne • July 21, 2023 -
Toast axes 99-cent fee
The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.
By Caitlin Mullen • July 19, 2023 -
Will Toast get burned by 99-cent fee?
The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.
By Caitlin Mullen • July 12, 2023 -
Bank of America fined $250M over fake accounts, junk fees
Regulators say Bank of America opened credit card accounts without customers’ consent and misled consumers about rewards for card applications.
By Anna Hrushka • July 11, 2023