Restaurants
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Swipe fee foes find legislative support in almost a dozen states
The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.
By Justin Bachman • March 28, 2025 -
Fiserv, PayPal and FIS change up board members
Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.
By Lynne Marek • March 19, 2025 -
Fiserv CEO transition took only 10 days, CFO says
CEO Frank Bisignano quickly deemed his successor, Mike Lyons, ready to lead the payment processor, but don’t expect any strategy shifts, Fiserv’s CFO said.
By Justin Bachman • March 11, 2025 -
Checkout.com opens San Francisco office
The British digital payments company is expanding its U.S. presence after seeing revenue surge last year.
By Lynne Marek • March 5, 2025 -
PAR Technology fuels software strategy with acquisitions
The company has pivoted to a software strategy, by buying up other companies and building on its point-of-sale hardware beginnings.
By Lynne Marek • March 4, 2025 -
Toast dips toe into retail payments
Mainly known as a company catering to restaurants, Toast executives said they plan to partner with more food and beverage retailers this year.
By Patrick Cooley • Feb. 21, 2025 -
PAR Technology buys Delaget for $132M
The food service point-of-sale and payments software provider said it bought the data analytics company to better service restaurant operators.
By Lynne Marek • Jan. 2, 2025 -
Merchants maneuver as Visa enforces surcharge program
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
By Shefali Kapadia • Dec. 17, 2024 -
Shift4 merges with Eigen
Shift4 quietly updated its website in recent days to say that Eigen Payments is now a part of the payments processing company.
By Patrick Cooley • Dec. 12, 2024 -
PayPal to boost prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
By Lynne Marek • Dec. 12, 2024 -
Paytronix acquired by Access Group
The deal will expand the offerings available through Paytronix’s platform and help accelerate its growth, executives said.
By Jessica Loder • Nov. 4, 2024 -
Amex Q3 restaurant spending growth edges down
The card issuer has recently focused on courting cardholders hungry for restaurant services, but last week reported spending growth in that category had waned.
By Lynne Marek • Oct. 21, 2024 -
Visa taps AI analytics partner to add merchant services
The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.
By Lynne Marek • Oct. 16, 2024 -
Payments investments rise worldwide
Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.
By Lynne Marek • Oct. 15, 2024 -
Global Payments embarks on ‘transition’ year
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.
By Lynne Marek • Oct. 9, 2024 -
Hurricane Helene aftermath prompts card, cash troubles
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
By Lynne Marek • Oct. 3, 2024 -
Opinion
Who really pays for your credit card reward points?
"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.
By Parth Vatsal • Sept. 19, 2024 -
Amazon provides checkout tech at universities, stadiums
The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.
By Jessica Loder • Sept. 9, 2024 -
Shift4 acquires Canadian gift card company for $148M
Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.
By Lynne Marek • Aug. 27, 2024 -
North American Bancard rebrands in bid to improve
The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.
By Lynne Marek • Aug. 12, 2024 -
Shift4 strives to become ‘SpaceX of payments’
Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.
By Patrick Cooley • Aug. 9, 2024 -
Toast aims to move beyond restaurants
The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.
By Patrick Cooley • Aug. 7, 2024 -
Supreme Court lets complaint on debit fees proceed
The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.
By Lynne Marek • July 1, 2024 -
Amex banks on spending at high-end restaurants
Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.
By Patrick Cooley • June 26, 2024 -
Judge sways away from Visa-Mastercard settlement
On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.
By Lynne Marek • June 25, 2024