Restaurant point-of-sale provider TouchBistro launched a set of back-of-house technologies, including profit-management and kitchen display systems. Payments provider NMI released first-half 2023 results indicating the company ended the period with connections to more than 3,900 independent software vendors, sales agents, and fintechs. So far, these links have generated more than 2.3 billion transactions and …
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Payment Processors Repay, Priority Technology, And Par Technology Post Q2 Results
Payments-technology provider Repay Holdings Inc. reported its consumer-payments business grew its organic gross profits 16% in the quarter ended June 30, compared to the same period a year ago. Overall, the company posted organic profit growth of 12% for the quarter, compared to a year earlier. Absolute figures were not …
Read More »Shift4 Decries ‘Junk Fees’ Levied by Rival Restaurant Processors
Shift4 Payments Inc. said early Thursday it will pay restaurants a dollar for every online order they receive across the first three months that they use the company’s SkyTab POS system. Shift4 contends it is making the move in response to what it calls junk fees charged by other payment …
Read More »POS Technology Helps Deliver Double-Digit Growth for Fiserv’s Acquiring Unit
The merchant-acquiring business helped deliver a strong quarter for Fiserv Inc. as the big processor reported Wednesday its ninth consecutive period of organic revenue growth, or growth stemming from existing rather than recently acquired businesses. The Brookfield, Wis.-based company singled out its Clover point-of-sale technology for special mention as a …
Read More »Lightspeed Touts Results As It Tightens Its Focus on Restaurants
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., …
Read More »Presto Rolls Out Voice Ordering; SoundHound Integrates Voice Ordering With Oracle’s POS
Presto Automation Inc., a provider of artificial intelligence-based solutions for drive-through restaurants, is rolling out its voice-ordering system at participating Carl’s Jr. and Hardee’s drive-throughs nationwide. San Carlos, Calif.-based Presto had been piloting the technology at select Carl’s Jr. and Hardees locations. Carl’s Jr. and Hardees, which together have about …
Read More »Snack POS Beefs Up Its Terminal Offering Through a Deal With Sunmi
Snack POS, a provider of restaurant software, has fortified its position in the hotly competitive restaurant point-of-sale payments market through a partnership with POS terminal maker Sunmi Technology Co. The deal will enable Snack POS to offer Sunmi’s POS and mobile devices to restaurants. Sunmi’s devices are designed to help …
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 »LaGuardia Restaurants Add Contactless And Other Digital Transactions News briefs from 11/29/22
OTG Management, which manages airport restaurants, said it is supporting contactless payments and an expansion of Apple Pay and Google Pay acceptance, along with PayPal and Venmo, at two newly opened restaurants at LaGuardia airport. BigCommerce said merchants using its e-commerce sales had a 31% increase year-over-year in gross merchandise value …
Read More »Toast Exceeds $100 Billion in Annualized Volume As Eateries Equip for a Post-Pandemic Era
Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …
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