Restaurants: Page 2

Payments pros demand top dollar in talent war

It’s become a “candidates’ market” with companies desperate to hire or retain payments executives and offering up to 30% premiums to lure professionals in short supply.

By Lynne Marek • Jan. 20, 2022

Small businesses count on digital payments to drive growth

Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.

By Caitlin Mullen • Jan. 13, 2022

Explore the Trendline➔

Digital payments surge has staying power

Consumers changed their ways to get through the deadly COVID-19 pandemic, and that meant major modifications in payments. Contactless, frictionless and touchless were in, as consumers worked from home and shopped online. Industries across the board altered their payments tools in response and show no signs of reversing course.

By Payments Dive staff

Payments firms see slam dunk opportunity with sports venues

Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.

By Caitlin Mullen • Jan. 10, 2022

7 payments trends for 2022 as innovation climbs

From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

By Jonathan Berr , Caitlin Mullen , Lynne Marek • Jan. 4, 2022

Payments firms raised record sums in 2021

It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.

By Caitlin Mullen • Dec. 28, 2021

Mastercard buys AI firm Dynamic Yield from McDonald's

Combining Mastercard's payment expertise and Dynamic Yield's AI capabilities could help McDonald's strengthen its digital ordering strategy, as the fast-food chain pivots toward outsourcing its technology. The card company may benefit from further scaling the Yield AI business across other industries.

By Emma Liem Beckett • Dec. 21, 2021

Card industry faces $400B in fraud losses over next decade, Nilson says

Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.

By Caitlin Mullen • Dec. 14, 2021

After much hyped IPO, Toast scales back financial disclosures

Wall Street analyst raises questions about the company's financial disclosures.

By Jonathan Berr • Nov. 12, 2021

Elavon eyes BNPL arena

Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

By Lynne Marek • Oct. 26, 2021

SumUp spearheads US growth with $317M Fivestars acquisition

The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.

By Lynne Marek • Oct. 14, 2021

Toast raises $870M in IPO

Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.

By Julie Littman • Sept. 23, 2021

Clash over debit card routing persists in comments to Fed

A battle running for decades regarding the fees that card processors can charge on debit transactions is showing up again in comments regarding a Federal Reserve proposal to clarify rules on the issue.

By Lynne Marek • July 8, 2021

Nearly half of diners join at least one restaurant loyalty program

The share of consumers using restaurant rewards increased 5 percentage points earlier this year, an industry report said, reflecting restaurant efforts to spur return visits, increase spending and win market share.

By Alicia Kelso • July 1, 2021

SpotOn raises $125M to keep up battle against Toast, Square

"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."

By Lynne Marek • June 1, 2021

Bitcoin will soon be accepted at most Landry's restaurants

The move to accept cryptocurrencies was "inevitable," Landry's CEO Tilman Fertitta told CNBC this week. The restaurant chain includes Morton's The Steakhouse, Mastro's, and The Bubba Gump Shrimp Co. 

By Alicia Kelso • April 29, 2021

Fiserv benefits from SMB-business demand, pens PayPal pact

The payments processor has stoked small and mid-sized customer commerce with acquisitions over the past few years, including several in recent months, and will do the same with the new PayPal tie.

By Lynne Marek • April 28, 2021

DoorDash changes pricing, keeps some payments processing fees

The delivery company rolled out a new approach to commissions after restaurants complained about high third-party fees during the pandemic, and as some municipalities consider making temporary delivery caps permanent.

By Emma Liem Beckett • April 27, 2021

Chipotle gives away $100K in bitcoin for National Burrito Day

The restaurant chain is the latest big brand to make a splash by connecting itself to the popular cryptocurrency Bitcoin.  

By Robert Williams • March 30, 2021

Tappit partners with Cincinnati Reds, San Diego Padres to bring contactless payments to MLB stadiums

Some venues are creating digital wallets, while others rely upon attendees to use their personal credit cards, or programs like Apple Pay. And other stadiums are providing fans the option to use a pre-paid debit cards.

By Anthony Epling • March 25, 2021

Shake Shack rolls out new app payment options

The feature, facilitated by Uber Eats, allows diners to track orders in real time with a $0.99 flat delivery fee and no delivery fee for orders over $35.

By Alicia Kelso • Updated March 18, 2021

Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation

The startup has established both a digital wallet as well as a rewards system and numberless credit card. 

By Anthony Epling • March 12, 2021

New car tipping app arrives for Sonic carhops

The new tipping option, which Sonic customers requested, is being rolled out systemwide by the end of 2021. 

By Alicia Kelso • March 11, 2021

Panda Express opens first ghost kitchen in San Francisco

The delivery-only location is Panda's initial step in offering faster dining solutions for off-premise guests, with plans to test more concepts this year. 

By Julie Littman • March 8, 2021

Report: Loyalty customers spend more than twice as much on takeout meals

The spending disparity between loyalty members and non-members reflects why so many major brands, including Taco Bell, Wendy's and White Castle, have added or enhanced their loyalty programs during the pandemic.

By Alicia Kelso • Feb. 17, 2021

Burger King loyalty program test includes rewards via self-delivery

The chain's loyalty members will be able to earn points when they place an order for delivery through its app or website, but not through third-party vendors.

By Emma Liem Beckett • Updated Feb. 9, 2021