Restaurants: Page 5
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Moyo Studio via Getty Images
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 -
Courtesy of Square
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 -
Joe Raedle via Getty Images
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 -
Courtesy of Square
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 -
Permission granted by Visa
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 -
Courtesy of Toast Inc.
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 -
Sarah Silbiger via Getty Images
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 -
time99lek via Getty Images
Lightspeed bets on bigger customers
In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.
By Caitlin Mullen • Feb. 6, 2023 -
PeopleImages via Getty Images
Merchants frustrated with fees, tech issues
Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.
By Caitlin Mullen • Feb. 3, 2023 -
Drew Angerer via Getty Images
Visa gets snarled in probes
The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”
By Lynne Marek • Jan. 30, 2023 -
Permission granted by Andy Gerit
Visa’s incoming CEO taps new team
Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.
By Lynne Marek • Jan. 30, 2023 -
alexialex via Getty Images
Visa, Mastercard, Amex results buoyed by consumer spending
The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.
By Lynne Marek • Jan. 27, 2023 -
Michael M. Santiago/Getty Images via Getty Images
DailyPay lands $260M in debt financing
The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.
By Lynne Marek • Jan. 26, 2023 -
bernie_photo via Getty Images
Bank card spending volume slows
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
By Caitlin Mullen • Jan. 17, 2023 -
Maks_Lab via Getty Images
2023 Payments OutlookThese payments companies could be acquisition targets
With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.
By Caitlin Mullen • Jan. 12, 2023 -
Courtesy of Portillo's
Portillo’s drive-thrus go cashless to avoid robberies
The company aims to improve the safety of its staff, who take drive-thru orders and payments outside, CEO Michael Oslanoo said at ICR.
By Julie Littman • Jan. 11, 2023 -
champpixs via Getty Images
Paya purchase bolsters Nuvei for economic downturn
With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.
By Lynne Marek • Jan. 11, 2023 -
Eugene Gologursky / Stringer via Getty Images
Fiserv CEO lands pay raise in new contract
The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.
By Caitlin Mullen • Jan. 3, 2023 -
Permission granted by Fiserv
Deep DiveInvestors press FIS, Fiserv for divestitures
The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.
By Lynne Marek , Caitlin Mullen • Dec. 22, 2022 -
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Fiserv hired ‘thousands’ of workers this year, CEO says
Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview.
By Caitlin Mullen • Dec. 19, 2022 -
David McNew via Getty Images
FIS to review business under shareholder pressure
The payments processor is undertaking a comprehensive review of operations after two investors pressed the company to increase shareholder value.
By Lynne Marek • Dec. 16, 2022 -
Courtesy of Shift4
Shift4 CEO suggests company could go private
The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.
By Caitlin Mullen • Dec. 12, 2022 -
bernie_photo via Getty Images
Card debt mounts for younger, less affluent borrowers
Debt burdens and delinquencies are rising more rapidly for younger and less wealthy borrowers, the New York Federal Reserve Bank researchers said.
By Caitlin Mullen • Nov. 18, 2022 -
Ilya S. Savenok / Stringer via Getty Images
Fiserv ‘maniacally focused’ on expense management
When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”
By Caitlin Mullen • Nov. 15, 2022 -
Permission granted by Lynne Marek
Toast surpasses $100B in annualized payments
The payments company that caters to restaurants reached that quarterly record after significant expansion this year.
By Jonathan Berr • Nov. 15, 2022
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