Canada-based payments processor Lightspeed Commerce Inc. announced it will reduce its headcount by roughly 10%, or 280 jobs, and make other spending cuts in operations and facilities, in a cost-cutting initiative it expects to complete by the end of June. The company has not had a profitable year since going public in …

Payments provider Lightspeed Commerce Inc. reported December-quarter revenue of $239.7 million, up 27% year-over-year. The company narrowed its net loss to $40.2 million from $814.8 million a year ago. Payments platform FleetCor Technologies Inc. reported December-quarter revenue of $937.3 million, up 6% year-over-year. Net income rose 6% to $255.9 million. For full-year 2023, revenue …

Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …

Lightspeed Commerce Inc. has partnered with golf-course management company GreatLIFE Golf & Fitness to provide point-of-sale technology for GreatLIFE’s GolfBack direct-booking engine. Lightspeed will begin deploying its POS technology at 14 golf courses operated by GreatLIFE in the Kansas City, Mo.-area, with plans to expand the technology to additional GreatLIFE-operated …

Nuvei Corp. said it has agreed to process e-commerce transactions for Galeries Lafayette UAE, a unit of French Department Stores LLC. Linnworks, an e-commerce inventory and order-management software provider, said it is working with Lightspeed Commerce Inc. to enable Linnworks clients to connect to Lightspeed Retail. Fintech Varo Bank N.A. announced it is offering a …

Two point-of-sale companies have separately taken steps to boost their competitiveness, one with an acquisition and the other in a marketing expansion. Payments platform Nayax Ltd. says it will acquire Folsom, Calif.-based Retail Pro International in a $36.5-million deal. Expected to close in the fourth quarter, the deal will expand …

Unceasing competition for restaurant payments revenue has spurred two developments among point-of-sale system makers catering to the segment. Santa Clara, Calif.-based SoundHound AI Inc. says Olo, a New York City-based hospitality specialist, will make SoundHound’s voice-ordering service, which relies on artificial intelligence, available to its approximately 77,000 merchant locations. When …

Few, if any, business sectors are as hotly competitive these days for payments providers as hospitality, and in particular, restaurants. Major firms from Block Inc.’s Square unit to Toast Inc. to Shift4 Payments Inc. have big stakes in this market. But that hasn’t stopped one other entrant, Lightspeed Commerce Inc., …

Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees. The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall …

Lightspeed Commerce announced it has added a data-analytics capability, Lightspeed Advanced Insights, to its Lightspeed Restaurant payments service.The French payments company Worldline announced it has closed on the sale of its Terminals, Solutions & Services unit to Apollo Funds. The 2.2-billion-euro deal, which includes the Ingenico line of point of sale devices, was announced in …