The Famous Dave’s chain of barbeque restaurants has chosen Presto as its exclusive provider of pay-at-table technology. The chain, which operates more than 150 locations, is a unit of BBQ Holdings Inc.Payments provider Fortis announced an integration with the Oracle Payment Interface for its hospitality and retail segments. The integration is expected to ease …
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Restaurant-Payments Startup GoTab Expands to the Northwest With Its PaySuite Partnership
The hospitality industry continues to heat up as a market for digital-payments processing and technology, attracting established players and startups alike. Early Tuesday, GoTab Inc. said it is working with business-software firm PaySuite to sell its services to restaurants in the Pacific Northwest. The first installation is a food hall …
Read More »Interchange Increases Will Exacerbate Inflation, a Growing List of Merchant Groups Contend
One of the country’s biggest merchant associations on Monday joined a growing chorus of voices arguing fee increases planned by the major card networks for this month will exacerbate inflation. “American consumers are struggling under the worst inflation in four decades, and these increases would only make the situation worse,” …
Read More »There Are No Signs the Chip Shortage Is Easing, the U.S. Payments Forum Says
The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …
Read More »Often Overlooked, Checkout Is Assuming New Significance in Payments, Experts Say
Customer checkout, whether online or at a store, can be taken for granted by merchants and payments firms alike. That’s a big mistake, according to a panel of experts who spoke Wednesday about new opportunities—and threats—lurking in checkout buttons. For one thing, checkouts can represent a battleground in which players …
Read More »Wyre’s Sale Terms Inaccurate and other Digital Transactions News briefs from 4/11/22
Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …
Read More »Eyeing the Contactless Market, MagTek Launches Its DynaFlex II And DynaProx Readers
Payments-technology provider MagTek Inc. on Tuesday launched the latest product on its DynaFlex platform, the DynaFlex II card reader, and also unveiled its DynaProx family of readers for transactions involving NFC mobile wallets as well as barcodes. The new technology follows a two-year span in which businesses have sought out …
Read More »Crypto, Gift Cards, And Even BNPL Come to Unattended Payments Via PayRange
Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …
Read More »Paysafe Bets on Ontario and other Digital Transactions News briefs from 4/4/22
Paysafe Ltd. announced it is processing payments for several iGaming operators in the Canadian province of Ontario, including PointsBet and theScoreBet.Diebold Nixdorf said Langley Federal Credit Union selected the company to operate and manage its self-service banking channel. The credit union said it has more than 320,000 membersBuy now, pay later specialist Klarna …
Read More »Is Covid-19 in the Rearview Mirror?
It may well be, but its effects are very much with us—and are lasting. Two years after it first struck, as the Covid-19 pandemic seemingly winds down, the payments industry is adapting to changes Covid coaxed into place that will stick around a lot longer than the virus that caused …
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