Merchant processor Square Inc. is making it easier for its restaurant clients to use third-party delivery services, while at the same time fortifying itself against bigger merchant acquirers slated to merge into even bigger ones. San Francisco-based Square, which has its own restaurant delivery, pick-up, and catering service called Caviar, …
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Most Full-Service Restaurants Are Frustrated With Their Payments Services, a Survey Finds
Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday. The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was …
Read More »Stolen Payment Cards For Sale Linked to Breach at Restaurant Operator Earl Enterprises
Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety …
Read More »EMV Finds a Seat in Restaurants
Forget an a la carte approach to point-of-sale services. EMV has trained restaurant operators to want inclusive features to help run their businesses. Ask point-of-sale system experts to describe the state of EMV acceptance among restaurants, and their choice of words may not be what many expect, or would hope, …
Read More »Payments Incumbents Can’t Rest on Their Laurels, Researchers Say
Payment-industry incumbents, particularly the global credit card networks and their allied banks and processors, can’t rest on their laurels lest fast-growing mobile and non-card payment systems in much of the world leave them in the dust. That was the conclusion of payments researchers Friday who spoke at the Mobile Payments …
Read More »Aliant Payment Systems’s In-House Crypto Service and other Digital Transactions News briefs from 7/31/18
E-commerce marketplace and payments-technology provider Shopify Inc. reported revenue for the quarter ended June 30 of $245 million, up 62% year-over-year. Gross payments volume totaled $3.6 billion, up 64% from $2.2 billion in the same quarter last year. Shopify posted a $30.8 million operating loss, nearly double the $15.9 million …
Read More »PayNearMe Expands Payless Deal and other Digital Transactions News briefs from 4/27/18
Customers of safeTstep, the business-to-business division of Payless ShoeSource, can now use PayNearMe to pay for online orders with cash at more than 27,000 U.S. locations, Payless said. This follows an earlier announcement that consumers can use PayNearMe for their Payless.com purchases. The Zelle person-to-person payments network moved more than …
Read More »Keeping Up with the Evolving Payment Experience
Over the years, merchants have been continually forced to adapt to the changing needs and preferences of consumers. Now more than ever, we are living in a consumer-driven economy, and with evolving technologies, the power of the consumer has filtered all the way to the payments experience. As consumers increasingly …
Read More »Clearent Receives PCI Certification and other Digital Transactions News briefs
7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …
Read More »Stack’s Contactless Digital Currency Plan and other Digital Transactions News briefs from 10/5/17
Mastercard Inc. and PayPal Holdings Inc. announced they have extended to Canada, Europe, Latin America, the Caribbean, and the Middle East an agreement first reached last year for the U.S. market that clarifies Mastercard as an equal payment option in the PayPal wallet and gives PayPal access to Mastercard’s tokenization …
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