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April 13, 2021
On the wires
Toast Launches Enhanced Contactless Suite to Help Increase Restaurant Revenue and Support Restaurateurs in Reimagining Hospitality
“Toast , the fastest-growing restaurant management platform, today launched an enhanced suite of contactless and guest-facing solutions to help restaurateurs reimagine operations and reduce overhead as they rebound from the COVID-19 pandemic. Today, Toast debuted updates to its Toast Order & Pay™ solution, including pre-authorization tabs and group ordering. Designed to meet the ever-increasing demand for contactless solutions, Toast Order & Pay™ enables guests to order and pay in a restaurant via smartphone.”
April 7, 2021
On the web
CardFlight Extends Its Reach Via Global Payments, While Small Business Sales Rebound
Digital Transactions
“CardFlight Inc. has struck a deal with processor Global Payments Inc. that will see CardFlight’s SwipeSimple point-of-sale technology added to Global’s indirect sales channels. Atlanta-based Global says adding SwipeSimple to its wholesale product lineup will give its independent sales partners an omnichannel payment option. SwipeSimple supports contactless payments, EMV dipped, and magnetic-stripe transactions.”
March 22, 2021
On the wires
Retail Realm Partners With Citcon to Bring a Variety of QR-Based Payment Solutions to Retailers
“Citcon , the leading mobile wallet payments company, and Retail Realm, a multinational Microsoft ISV specializing in payments, announced today that they have successfully integrated Citcon’s mobile wallet solutions. This update allows Microsoft Dynamics POS users to accept mobile wallets such as PayPal, Venmo, AliPay, etc. in stores and online. Citcon is a leading mobile wallet payment provider globally. The technology company offers a variety of wallet brands including PayPal, Venmo, AliPay, WeChat Pay and more.”
March 16, 2021
On the web
SumUp Raises $895M in Debt to Double Down on Its B2C Payments Business
TechCrunch
“SumUp , a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. Today it announced financing totalling €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business — specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses.”
March 11, 2021
On the wires
Epos Now Launches Major Push Into Nigeria
“Epos Now, a global software and payments technology company, supporting over 35,000 retail and hospitality locations across 71 countries, has launched its cloud point of sale (POS) solution in Nigeria , making its first entry into the African market…Nigeria has been chosen as the launchpad for Epos Now’s entry into Africa due to its status as a rapidly expanding market for fintech and payment technology. Nigeria has recently established itself as the primary location from which to launch wider expansions into Africa, and Epos Now will be looking to satisfy a growing demand for affordable point of sale and merchant services technology in sub-Saharan Africa. In preparation for the expansion, Epos Now has partnered with Epos Solutions Nigeria, a leading provider of point of sale technology in the country.”
February 22, 2021
On the web
WSJ News Exclusive | Restaurant-Software Provider Toast Prepares for IPO
Wall Street Journal
“Toast Inc. is planning an initial public offering that could value the restaurant-software provider at around $20 billion, people familiar with the matter said. Toast tapped Goldman Sachs Group Inc. and JPMorgan Chase & Co. to underwrite a possible listing later this year, these people said. It could also consider other options including a sale or combination with a blank-check company, some of the people said. There are no guarantees Toast will ultimately go public or pursue another of the options.”
February 19, 2021
On the web
Fully 30% of Retailers Plan POS Software Replacement in Next 12 Months, Report Finds
Digital Transactions
“As digital commerce sees greater consumer adoption, the impact is being felt at the point of sale. Retailers’ top priority for 2021 is to grow or enhance their digital-commerce efforts, with 85% citing this ambition in the 2021 POS & Customer Engagement Survey Report released this week by Retail Consulting Partners, a Boston-based firm.”
February 9, 2021
On the wires
POSaBIT Launches ACH Cannabis Payments for Delivery & In-Store
“POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company with an industry-leading cannabis point of sale system and unique payment processing solutions for cash-only businesses with a focus on those within the cannabis industry, has launched a dynamic, multifaceted ACH payment platform.”
January 29, 2021
On the web
Factor4, NCR Announce Partnership
Mobile Payments Today
“Factor4 LLC., a gift card and loyalty solutions provider and NCR Corp., an enterprise technology provider for the financial, retail and hospitality industries, have partnered together to integrate Factor4’s gift card programs with NCR’s Silver and Counterpoint POS solutions, according to a press release.”
January 12, 2021
On the wires
Lightspeed Revolutionizes Supply Chain of Independent Retailers With Launch of Supplier Network
“Lightspeed (NYSE: LSPD ) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of the Lightspeed Supplier Network for North American retailers. The launch of the fully integrated stock ordering solution transforms supply chain management for SMBs, democratizing access to the strategic inventory visibility once reserved predominantly for enterprise retail and eCommerce giants as the global COVID-19 pandemic continues to place pressure on supply chains in 2021.”
December 15, 2020
On the wires
Klarna partners with Verifone to enable superior shopping experiences in physical stores globally
“Klarna, the leading global payments and shopping service, today announces a strategic partnership with Verifone, a global leader in payments and commerce solutions, that will make Klarna available as the first-ever buy now pay later solution to millions of Verifone devices in the US and Europe. The integration to Verifone’s Cloud Services platform empowers consumers to leverage Klarna’s payment suite including `Interest-free payments’, `Pay later in 30 days’ with no interest and `Financing’ in store.”
December 10, 2020
On the wires
Verizon Business offers touchless payment capability with Clover from Fiserv
“Verizon Business and Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced a new relationship that allows Verizon Business to provide customers access to Clover Flex, a mobile point-of-sale device that can enable touchless payments. In addition, the relationship will allow Verizon customers to utilize Fiserv merchant services, including debit and credit card processing with a range of payment acceptance options, including online, mobile and in-person.”
Square Appointments Now Available on Square Register for a Complete POS Solution for Beauty and Wellness Industry
“Today, Square announced the availability of Square Appointments on Square Register , a point-of-sale solution specifically built for beauty and wellness sellers that now runs on Square’s first-class hardware. This offering provides integrated hardware and software so sellers can book and confirm appointments, manage inventory, accept payments, and check out customers all from Square Appointments for a front desk experience that provides simplicity and a professional look that elevates any business.”
December 8, 2020
On the wires
Adyen to partner with Hungry Jack’s to improve its customer service with payment-led updates
“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced it has partnered with Hungry Jack’s, the Australia-based quick-service restaurant, to improve its point-of-sale (POS) terminal fleet and help unify its in-store and ecommerce channels – driving cost savings, while improving revenues and customer experience.”
December 2, 2020
On the web
Lightspeed acquires restaurant software company Upserve for $430M
TechCrunch
“Lightspeed POS just announced the acquisition of Upserve , expanding Lightspeed’s presence in the restaurant industry. The company already offers cloud-based point-of-sale software for restaurants and other businesses. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale company, ShopKeep, for $440 million.”
November 10, 2020
On the wires
Interac Collaborates with Walmart to Expand Debit Payment Options across Digital Shopping Experience
“Interac Corp. today announced that it is working with Walmart Canada to offer its customers enhanced methods of paying with debit online and in-store. With a target timing of Spring 2021, Walmart shoppers will soon be able to checkout using Interac® Debit for In-App and In-Browser Payments on proprietary wallets. Walmart has also begun rolling out Interac Flash® at point-of-sale terminals in-store, giving customers the option to pay with the secure tap of a debit card or smartphone.”
November 5, 2020
On the wires
Shift4 Payments Acquires 3dcart Ecommerce Platform
“Shift4 Payments (NYSE: FOUR), a leading provider of payment processing and technology solutions, has announced the acquisition of 3dcart, a powerful ecommerce platform serving over 14,000 businesses, to deliver a unified commerce solution to the company’s customers. 3dcart is a feature-rich, multinational ecommerce platform serving businesses of all sizes in a wide range of industries.”
Lightspeed to Acquire ShopKeep to Accelerate Digital Transformation of SMBs Across the United States
“Lightspeed POS Inc . (NYSE: LSPD ) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire ShopKeep Inc . (ShopKeep), a leading cloud commerce platform provider based in New York City. This acquisition reinforces Lightspeed’s status as a clear category leader for complex retailers and restaurateurs seeking to modernize their operations as the global economy undergoes unprecedented digital acceleration.”
November 2, 2020
On the web
Clover Combines Ordering And Payment With Its QR Code Technology
Digital Transactions
“Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and wait staff, particularly ordering and payment, to customers’ mobile devices. Many restaurants have begun placing bar codes at the table that, when scanned, allow access to an online menu. Others enable contactless payment by scanning a bar code on the bill. Now, combining the two functions is a logical next step.”
October 21, 2020
On the web
JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants
CNBC
“JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square , PayPal and First Data , CNBC has learned. The bank is rolling out a checking account that is paired with a new fintech-inspired service called QuickAccept, according to JPMorgan executives. QuickAccept lets merchants take card payments within minutes, either through a mobile app or a contactless card reader, and users will see sales hit their Chase business accounts on the same day .”
October 16, 2020
On the wires
Square announces Terminal API at Unboxed 2020 Conference
“Today, at Square’s fourth annual partner and developer conference, Square Unboxed , the company announced the general availability of its newest developer tool: Terminal API. The new API enables developers to connect Square Terminal , an all-in-one card payments device, to their POS, ERP, or practice management system, regardless of the platform or operating systems they’re developed on.”
October 13, 2020
On the web
COVID-19 Is Changing Consumer Behavior At The Point-Of-Sale
Forbes
“…These developments, paired with growing concerns about physical contact and contagions, have helped drive a noticeable decline in cash utilization, according to a Q3 2020 US consumer survey fielded by 451 Research, which is part of S&P Global Market Intelligence. The survey revealed that more than two in five consumers are using cash less often since the COVID-19 outbreak started. The decline is strongest for respondents with a household income above $150,000 and those belonging to Gen X (38-53 years old), where 64% and 54% have decreased their usage, respectively.”
October 6, 2020
On the wires
Foot Locker, Inc. Selects Adyen to Power In-Store and Online Payments Internationally
“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it has been selected by Foot Locker, Inc., the New York-based specialty athletic retailer, to power payments in various markets and sales channels globally. Foot Locker and Adyen have been working together since 2018.”
September 29, 2020
On the wires
DAVO Partners with Heartland to Eliminate Sales Tax Headaches
“DAVO Technologies now offers its popular automated sales tax service on the fast-growing Heartland Restaurant point-of-sale platform. With DAVO Sales Tax, Heartland Restaurant customers have their sales taxes automatically set aside for them daily, then filed and paid to the state when due every month or quarter. This helps restaurants avoid the hassle of sales tax management while being protected from potentially large late payment fines by the state.”
September 23, 2020
On the web
SpotOn Raises $60M Series C To Support SMB Growth
Crunchbase News
“SpotOn Transact , a software and payments company for small and medium-sized businesses, secured $60 million in Series C funding just six months after announcing its $50 million Series B investment…SpotOn focuses on the retail, services and restaurant industries. These were some of the hardest hit sectors of the COVID-19 pandemic and led many to become more technologically savvy.”
September 18, 2020
On the wires
Lightspeed Announces Closing of US$397.7 Million Initial Public Offering in the United States
“Lightspeed POS Inc. (“Lightspeed” or the “Company”) (NYSE: LSPD) (TSX: LSPD ) today announced the closing of its previously-announced marketed public offering of subordinate voting shares in the United States and Canada, representing Lightspeed’s initial public offering in the United States.”
September 17, 2020
On the wires
Modernizing Medicine Selects Adyen to Incorporate Payments into Healthcare Platform
“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it has been selected by Modernizing Medicine Retail Solutions, Inc., to offer point-of-sale (POS) and online payments on its platform, known as modmed® Pay. The Modernizing Medicine ® group of companies is a health information technology leader providing integrated suites of solutions for specialty medical practices.”
September 10, 2020
On the wires
Verifone Acquires 2Checkout
“We are thrilled to announce that 2Checkout has been acquired by Verifone , a leading global provider of payment and commerce solutions. Both 2Checkout and Verifone share a vision to simplify modern commerce and enable frictionless experiences that enable companies to optimize their business performance. More than 14 years ago, 2Checkout embarked on a journey to transform the digital buying and subscribing experience across the globe for companies of all sizes. We have had a fantastic journey, and we have helped thousands of clients grow their businesses globally.”
September 8, 2020
On the wires
India’s Largest Bank Modernizes its Payment Switching System with ACI Worldwide Technology
“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , has modernized payments infrastructure for ATM and point-of-sale (POS) at State Bank of India (SBI), the country’s largest bank with more than 440 million account holders. SBI is India’s largest public sector bank, with a network of more than 22,000 branches spread across the country, as well as a presence in 32 countries around the world.”
September 3, 2020
On the wires
PayPal Launches iZettle Food & Drink to Support UK Hospitality Businesses
“PayPal today launched iZettle Food & Drink, a simplified point of sale (POS) solution designed to provide hospitality businesses with the tools and insights needed to run and grow their business with confidence. iZettle Food & Drink offers an intuitive product library, a smooth checkout process, customised layouts and fast onboarding of staff.”
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