Monday , June 21, 2021

Search Results for: restaurants

‘It Was Actually a Blip’

Portfolio valuations proved they aren’t immune to the effects of the coronavirus. But brokers say merchant books have fared far better than many feared. As the coronavirus pandemic drags on, its effects on portfolio valuations—especially valuations attached to portfolios with high concentrations of hospitality merchants—are beginning to stabilize. And buyers …

Read More »

Square Promotes QR Codes for Eateries As the Contactless Technology Gains a U.S. Payments Footing

Square Inc.’s announcement Tuesday of its new QR code service for restaurants helps bring the contactless technology into the limelight, but it’s only the latest in a string of moves payments providers have made in recent months to position the barcode as a payments enabler. In Square’s scenario, eateries that …

Read More »

Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show

Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …

Read More »

Online Gift Card Sales Soar As Pandemic Restrictions Send Consumers to Their Laptops

The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …

Read More »

ATMIA Offers a Discounted Membership As Covid-19 Ravages In-Store ATMs

With the economy still reeling from the Covid-19 pandemic, the ATM Industry Association is betting that offering a new Start Up membership category at a reduced cost will attract new members and entice back into the fold former members that dropped out during the pandemic for financial reasons. The new …

Read More »

Debit Card Spending up Last Week and other Digital Transactions News briefs from 9/8/20

Debit card spending increased 9.4% for the week ending Aug. 30 from the week ending Sept. 1, 2019, for credit unions working with PSCU, a credit union service organization. For the same period, credit card spending was down 2.5%. Mobile wallet use with a debit card increased 68% and those with …

Read More »

Why Wall Street Loves Payments

Shift4 Payments dazzled the payments industry and Wall Street with its June initial public offering. What do recent processor IPOs say about the prospects for payments companies? No investment in the stock market is a sure winner, but payments investments often prove to be better than others. On June 4, …

Read More »

Panera Recruits Google to Streamline Pickup And Delivery Via Mobile Apps

The Covid-19 pandemic has hastened merchants’ conversion to digital wallets and other forms of contactless payments, but at the same time the imperative for fast, if possible single-click, ordering has only grown more urgent. In the latest development, the Panera Bread chain announced Tuesday in integration with Google that allows …

Read More »

AmEx To Acquire Kabbage and other Digital Transactions News briefs from 8/17/20

American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …

Read More »

Eye On Dining POS: Shift4 Adds Uber Eats; SpotOn Transact Buys SeatNinja

With the Covid-19 pandemic accelerating restaurants’ transition to digital payment technology, processors Shift4 Payments Inc. and SpotOn Transact Inc. have beefed up their platforms through deals to add third-party applications.  Allentown, Pa.-based Shift4 has agreed to integrate San Francisco-based Uber Technologies Inc.’s Uber Eats delivery app to its point-of-sale platform. …

Read More »
Digital Transactions