Restaurants: Page 5
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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 Caitlin Mullen • Updated Oct. 28, 2022 -
Discover tightens underwriting
Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.
By Caitlin Mullen • Oct. 26, 2022 -
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 -
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 Caitlin Mullen • Oct. 20, 2022 -
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 Caitlin Mullen • Oct. 18, 2022 -
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 Caitlin Mullen • Oct. 12, 2022 -
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 Caitlin Mullen • Oct. 11, 2022 -
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 Lynne Marek • Oct. 4, 2022 -
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 Caitlin Mullen • Oct. 4, 2022 -
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 Lynne Marek • Oct. 3, 2022 -
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 -
Fintechs gain ground in merchant acquiring
New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.
By Caitlin Mullen • Oct. 3, 2022 -
Visa, Uber issue $1M in grants to small business owners
The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.
By Julie Littman • Sept. 30, 2022 -
DoorDash teams with Chase, Mastercard on credit card
Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.
By Julie Littman • Sept. 27, 2022 -
Uber Eats integrates with Toast, Clover
The integrations will allow Uber Eats’ restaurant partners to onboard with both their POS provider and the delivery company much faster.
By Julie Littman • Sept. 27, 2022 -
PNC buys restaurant point-of-sale firm Linga
The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.
By Anna Hrushka • Sept. 27, 2022 -
Opinion
QR code resurges for payments
“Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.
By Mike Storiale • Sept. 22, 2022 -
Profits slip for small businesses: survey
Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.
By Tatiana Walk-Morris • Sept. 21, 2022 -
House lawmakers add credit card competition bill
Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”
By Caitlin Mullen • Sept. 20, 2022 -
Square adds services in Spanish
The Block-owned merchant platform debuted its Spanish-language tools in an effort to serve a bigger share of Hispanic-owned businesses in the U.S.
By Tatiana Walk-Morris • Sept. 19, 2022 -
Amex, Discover see lasting credit changes
The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.
By Caitlin Mullen • Sept. 15, 2022 -
Visa raises concerns on new gun code
Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.
By Lynne Marek • Sept. 14, 2022 -
Google invests in new cohort of Black entrepreneurs
The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.
By Tatiana Walk-Morris • Sept. 9, 2022 -
Mesh Payments raises $60M
The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.
By Tatiana Walk-Morris • Sept. 8, 2022 -
U.S. adults using mostly cash drops sharply
Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.
By Debbie Carlson • Aug. 31, 2022 -
DailyPay releases card with Visa
The earned wage access provider introduced the new debit card after major changes in leadership earlier this year.
By Tatiana Walk-Morris • Aug. 23, 2022