Citcon USA LLC is partnering with Klarna AB to add Klarna’s payment services to its mobile wallet for in-store and online purchases. The move expands to Citcon merchants Klarna’s Pay in 4 buy now, pay later loans, as well as Klarna Pay in 30 and other Klarna financing products. Consumers …
Read More »Checkout And Payments Now Play a Key Role in the Customer Experience, a Paysafe Study Finds
Checkout is gaining a higher profile in payments, and that’s influencing customer retention as well as a merchant’s ability to attract new customers, says a new study from Paysafe Ltd. That means modernizing checkout needs to be at the top of brick-and-mortar merchants’ to-do list in 2023, the study adds. …
Read More »Del Taco Is the Latest QSR Chain to Roll Out Presto’s AI-Based Ordering System
Mexican quick-service restaurant chain Del Taco LLC is rolling out an artificial intelligence-based voice-ordering system from Presto Automation Inc. The new system is expected to fully automate orders placed at the drive-thru window, dramatically reducing the need for drive-thru staff to take orders. Lake Forest, Calif.-based Del Taco, which has …
Read More »Working With Toast, SoundHound Enables Voice Ordering Over the Phone for Restaurants
Toast Inc. has partnered with SoundHound AI Inc. to add voice ordering over the phone to its point-of-sale system. The addition of SoundHound’s voice-ordering software will enable restaurants using Toast’s POS system to accept voice orders over the phone and transmit the order directly to Toast’s platform. This integration, which …
Read More »Seeking to Be a Business Solution Provider, ISO Newtek Closes on National Bank of New York City,
Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, has completed its acquisition of National Bank of New York City. The acquisition agreement, which Newtek entered into in 2021, was subject to approval by the Office of the Comptroller of the Currency. The …
Read More »Ordeno Enters the Restaurant POS Fray With a ‘Better Monetization of the Table’
Ordeno has become the latest player to jump into the highly competitive restaurant POS market with the launch of the Ordeno app. The company expects to differentiate its app from those of competitors by providing what it bills as a richer list of services that includes the ability to access …
Read More »Lured By Deep Discounts, Online Shoppers Set a Spending Record for the 2022 Holiday Shopping Season
E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …
Read More »As Stadium Pay Heats up, Cheq Expands Its Platform in South Florida
Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …
Read More »Consumers’ Ailing Financial Health Could Cast a Shadow Over the Holiday Shopping Season
As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …
Read More »Paya Partners With 1Retail to Bring Integrated Payments to Small Businesses
Payments provider Paya Inc. has agreed to supply point-of-sale systems supplier 1Retail with technology that enables EMV contactless and stored payments in enterprise resource planning (ERP) software from Acumatica Cloud. The deal provides Paya’s and 1Retail’s mutual customers running the Acumatica ERP platform with a POS system that works in …
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