Restaurants: Page 3
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New Jersey legislature passes credit card surcharge bill
Lawmakers passed a bill that limits the surcharge a merchant can impose on consumers to the cost of processing a credit card transaction.
By Lynne Marek • July 11, 2023 -
Starbucks reverts to cash amid tech glitch
The coffee retailer was only able to accept cash and Starbucks App payments on Monday during a company-wide technology snafu.
By James Pothen • June 27, 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 -
Toast adds 99-cent customer online ordering fee
The fee, paid by guests making orders of $10 or higher, will help fund Toast’s product investments and innovation, the company said.
By Julie Littman • June 26, 2023 -
Toast teams with FreedomPay
Restaurant point-of-sale company Toast has partnered with commerce fintech FreedomPay to pursue larger customers, such as Starbucks and Shake Shack.
By Caitlin Mullen • June 12, 2023 -
PayPal revamps SMB approach
The digital payments pioneer told investors that it’s counting on a revised small and mid-sized business strategy to drive higher profit margins.
By Lynne Marek • June 9, 2023 -
Capital One buys Velocity Black
Acquiring the travel, entertainment and shopping concierge service may advance the bank’s interest in having customers use credit card points.
By Rajashree Chakravarty • June 8, 2023 -
Fiserv poised for more M&A
The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.
By Caitlin Mullen • June 8, 2023 -
Opponents of CCCA brace for reintroduction
Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.
By Lynne Marek • June 6, 2023 -
FIS CEO sizes up competition
CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.
By Lynne Marek • May 31, 2023 -
Consumers use cash to forget, study shows
New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase.
By Caitlin Mullen • May 30, 2023 -
Square adds franchise platform
Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.
By Julie Littman • May 17, 2023 -
Shift4 snags Focus POS for $45M
The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.
By Caitlin Mullen • May 4, 2023 -
Walmart, Kroger eye instant payments
The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.
By Lynne Marek • May 1, 2023 -
NCR in recovery as ransomware disrupts widely used point-of-sale system
In-restaurant purchases are still being processed on NCR Aloha, but other capabilities and business processes remain down, the company said.
By Matt Kapko • Updated April 24, 2023 -
Square rolls out new features
Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.
By Caitlin Mullen • April 13, 2023 -
Visa rattles ISOs with surcharge plan
Payment processors and their merchant clients are bracing for Visa’s 3% surcharge cap. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.
By Lynne Marek • April 12, 2023 -
Panera tests Amazon One palm payments at 2 cafes
Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.
By Aneurin Canham-Clyne • March 22, 2023 -
DoorDash adds cash payment option
The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.
By Julie Littman • March 21, 2023 -
Shift4 needles rival Toast
Toast and Shift4 are battling to win larger customers in the intensely competitive restaurant payments arena.
By Caitlin Mullen • March 8, 2023 -
Square raises prices
The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.
By Caitlin Mullen • March 2, 2023 -
Block boosts Ahuja’s responsibilities
Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.
By Caitlin Mullen • Feb. 24, 2023 -
Square chases bigger merchants
Block-owned Square made its name catering to owners of small businesses, but the company is now setting its sights on bigger clients for growth.
By Caitlin Mullen • Feb. 22, 2023 -
Visa CFO to exit
Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.
By Caitlin Mullen • Feb. 16, 2023 -
Toast acquires drive-thru tech company
Adding Delphi Display Systems’ technology helps Toast more broadly serve its quick-service restaurant customers, the company’s executives said.
By Caitlin Mullen • Feb. 16, 2023 -
SpotOn aims to unseat restaurant rivals
The restaurant payments and software company is battling Toast and Square and taking on legacy payments companies such as NCR and Oracle.
By Caitlin Mullen • Feb. 14, 2023