Restaurants: Page 9
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Scott Olson via Getty Images
Cash App to offer Bitcoin rewards at Shake Shack
The promotion comes as the payment app seeks to acquire new users and faces regulatory scrutiny.
By Tatiana Walk-Morris • March 8, 2022 -
Courtesy of Shift4
Shift4 targets more acquisitions
With corporate valuations on the decline, the Allentown, Pennsylvania-based payment processor is targeting more growth this year in new sectors and additional regions. "We’re going into a climate now where we might find some opportunities that are great strategic fits," CEO Jared Isaacman said.
By Caitlin Mullen • March 7, 2022 -
Permission granted by DoorDash
DoorDash buys Bbot to bolster in-store digital ordering
The deal may grow DoorDash's partner business footprint, since Bbot — a hospitality technology startup that simplifies digital orders and payment processes — services restaurants, hotels, bars, food halls, ghost kitchens and bowling alleys.
By Alicia Kelso • March 1, 2022 -
Courtesy of Toast Inc.
Toast gears up for growth despite challenges
Toast CFO Elena Gomez says helping the company weather different markets is an opportunity for a CFO to demonstrate leadership, and she's focusing on what she can control, which is executing the growth plan.
By Maura Webber Sadovi • March 1, 2022 -
The image by 401(K) 2012 is licensed under CC BY-SA 2.0
Consumers prefer physical gift cards, despite digital growth
Nearly half of consumers polled by payments processor Fiserv bought more digital gift cards than physical ones amid the COVID-19 pandemic, but a slight majority still favor the hard copy version.
By Caitlin Mullen • Feb. 23, 2022 -
AndreyPopov via Getty Images
Payments, crypto executives do C-suite shuffle
Another wave of payments and crypto executives are making a move as the demand for C-suite talent rises in a realm that's experiencing significant expansion and intense competition.
By Lynne Marek • Feb. 17, 2022 -
Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
Discover backs card-free payments
As the discussion around credit card swipe fees heats up, Discover Financial Services is partnering with a fintech company that enables consumers to make direct electronic payments from their checking accounts through merchant apps.
By Caitlin Mullen • Feb. 16, 2022 -
Justin Sullivan / Staff via Getty Images
Big banks best fintechs in merchant satisfaction survey
Industry-wide efforts to streamline fee structures, improve customer support and speed up payments have merchants more satisfied with their card payment processors, a J.D. Power study found.
By Caitlin Mullen • Feb. 4, 2022 -
Courtesy of Wingstop
Wingstop opens cashless payments venue
The Dallas store will function as an innovation lab for new restaurant configurations and equipment as the chain pursues 100% digital transactions.
By Aneurin Canham-Clyne • Feb. 3, 2022 -
pixelfit via Getty Images
Payments pros demand top dollar in talent war
It’s become a “candidates’ market” with companies desperate to hire or retain payments executives and offering up to 30% premiums to lure professionals in short supply.
By Lynne Marek • Jan. 20, 2022 -
Pierre Crom via Getty Images
Small businesses count on digital payments to drive growth
Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.
By Caitlin Mullen • Jan. 13, 2022 -
Permission granted by Levy
Payments firms see slam dunk opportunity with sports venues
Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.
By Caitlin Mullen • Jan. 10, 2022 -
Tero Vesalainen via Getty Images
7 payments trends for 2022 as innovation climbs
From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.
By Jonathan Berr , Caitlin Mullen , Lynne Marek • Jan. 4, 2022 -
choness via Getty Images
Payments firms raised record sums in 2021
It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.
By Caitlin Mullen • Dec. 28, 2021 -
Mastercard buys AI firm Dynamic Yield from McDonald's
Combining Mastercard's payment expertise and Dynamic Yield's AI capabilities could help McDonald's strengthen its digital ordering strategy, as the fast-food chain pivots toward outsourcing its technology. The card company may benefit from further scaling the Yield AI business across other industries.
By Emma Liem Beckett • Dec. 21, 2021 -
Retrieved from Flickr/frankieleon.
Card industry faces $400B in fraud losses over next decade, Nilson says
Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.
By Caitlin Mullen • Dec. 14, 2021 -
Courtesy of Toast Inc.
After much hyped IPO, Toast scales back financial disclosures
Wall Street analyst raises questions about the company's financial disclosures.
By Jonathan Berr • Nov. 12, 2021 -
Retrieved from ATPC on July 07, 2021
Elavon eyes BNPL arena
Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.
By Lynne Marek • Oct. 26, 2021 -
Courtesy of Google
SumUp spearheads US growth with $317M Fivestars acquisition
The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.
By Lynne Marek • Oct. 14, 2021 -
Courtesy of Toast Inc.
Toast raises $870M in IPO
Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.
By Julie Littman • Sept. 23, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationClash over debit card routing persists in comments to Fed
A battle running for decades regarding the fees that card processors can charge on debit transactions is showing up again in comments regarding a Federal Reserve proposal to clarify rules on the issue.
By Lynne Marek • July 8, 2021 -
Permission granted by Alexander Mann Solutions
Nearly half of diners join at least one restaurant loyalty program
The share of consumers using restaurant rewards increased 5 percentage points earlier this year, an industry report said, reflecting restaurant efforts to spur return visits, increase spending and win market share.
By Alicia Kelso • July 1, 2021 -
Courtesy of SpotOn
SpotOn raises $125M to keep up battle against Toast, Square
"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."
By Lynne Marek • June 1, 2021 -
Dan Kitwood via Getty Images
Bitcoin will soon be accepted at most Landry's restaurants
The move to accept cryptocurrencies was "inevitable," Landry's CEO Tilman Fertitta told CNBC this week. The restaurant chain includes Morton's The Steakhouse, Mastro's, and The Bubba Gump Shrimp Co.
By Alicia Kelso • April 29, 2021 -
Adobe Stock / Gorodenkoff
Fiserv benefits from SMB-business demand, pens PayPal pact
The payments processor has stoked small and mid-sized customer commerce with acquisitions over the past few years, including several in recent months, and will do the same with the new PayPal tie.
By Lynne Marek • April 28, 2021
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