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 …
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Lightspeed Tweaks its Restaurant POS Tech and other Digital Transactions News briefs from 1/26/22
Payments provider Lightspeed Commerce Inc. announced new features for its Lightspeed Restaurant point-of-sale technology, including order throttling, a feature that helps manage spikes in demand.Software firm Launch Cart said it will introduce on Feb. 2 its On-Demand eCommerce SaaS platform, intended to ease entry into e-commerce for small business owners and entrepreneurs.Payments provider Paysafe Ltd. said …
Read More »Lightspeed’s Revenue Jumps 193% and other Digital Transactions News briefs from 11/4/21
Payments provider Lightspeed Commerce Inc. reported revenue for its quarter ended Sept. 30 of $133.2 million, up 193% year over year. The number includes contributions from recent acquisitions, including NuOrder, Vend, Upserve, and ShopKeep.FreedomPay Inc. said restaurant chain Shake Shack will use its Touchless Commerce service at more than 200 locations. This will …
Read More »Riskified Files for an IPO; Lightspeed Closes Its NuOrder Deal
Fraud-management platform Riskified Ltd. has filed for an initial public offering of its Class A Ordinary Shares. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC are the lead underwriters. Barclays Capital Inc., KeyBanc Capital Markets Inc., Piper Sandler & Co., Truist Securities, Inc., …
Read More »Lightspeed’s Latest Acquisitions Position the Processor to Become An Omnichannel Platform
As part of its strategy to create an all-encompassing platform for merchants and their suppliers, Lightspeed POS Inc. on Monday announced the acquisition of two companies: Ecwid Inc., a consumer e-commerce platform, and NuOrder Inc., an e-commerce platform for suppliers, for a combined $925 million in cash and equity in …
Read More »A Deal for Vend Helps an Acquisitive Lightspeed Bulk up As Covid Restrictions Ease
Canadian processor Lightspeed POS Inc. announced Friday it has entered into an agreement to acquire Vend Ltd., a New Zealand-based provider of cloud-based retail management software. The cash and stock deal is valued at $350 million. Lightspeed will pay $192.5 million in cash and issue subordinate voting shares in the …
Read More »Lightspeed Looks to Become a Major Player in Hospitality With Acquisition of Upserve
Canadian processor Lightspeed POS Inc. expects its acquisition of Upserve Inc., a Providence, R.I.-based provider of cloud-based restaurant-management software, to make it more competitive in the restaurant point-of-sale business in the United States. The acquisition of Upserve for a combination of cash and stock totaling $430 million comes hot on …
Read More »Lightspeed Arms Itself for Heavy-Duty Competition With Its Acquisition of ShopKeep
Lightspeed POS Inc. on Thursday acquired ShopKeep Inc., a payments and commerce provider, for $440 million in cash and stock. Under the terms of the deal, Lightspeed will pay $145.2 million in cash and issue 9.5 million subordinate voting shares. The deal is expected to close by Dec. 31. RBC …
Read More »Discover’s Car Commerce and Other Digital Transactions News Briefs from 8/25/20
Discover Network said it has allied with fintech Car IQ to develop a payment platform to enable automotive fleets to conduct in-car transactions through the Discover global network.In announcing its latest smart watch, Fitbit Sense, Fitbit says its Fitbit Pay digital wallet is included for contactless transactions, a feature the company says plays …
Read More »Lightspeed’s 3-Month Fee Pause and other Digital Transactions News briefs from 3/26/20
Lightspeed POS Inc. said it is offering its Delivery, eCommerce, and Loyalty services free for the next three months because of the Covid-19 impact on merchants.Online fraud-prevention provider Signifyd released its Covid-19 Business Continuity Package that offers new clients free access to some Signifyd products.Payments provider Fattmerchant said it is now an official gateway partner …
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