Presto Revenue Down 12% And Other Digital Transactions News briefs from 5/19/23

Presto Automation Inc., a provider of voice ordering and other payments technology for drive-through restaurants, reported March-quarter revenue of $6.6 million, down 12% year-over-year. The company says it swung to a net loss of $15.7 million, compared to a gain last year of $9 million, owing to a change in the fair value of warrant liabilities and convertible promissory notes, as well as non-cash stock compensation.
Ease of payment on campus should be a factor in rating colleges on student experience, according to 72% of students surveyed by Transact Campus, a specialist in digital-payment technology for colleges. The research, conducted in October and November, surveyed 1,099 students aged 18 to 30.
Payments provider Repay Holdings Corp. has integrated with the Q2 Holdings Inc. digital-banking platform, allowing financial institutions to buy Repay’s technology and offer it through the Q2 platform.
Quisitive Technology Solutions Inc., a technology developer for payments in various industries, said it will work with Microsoft Corp. to develop generative artificial intelligence tools that can be integrated into Quisitive’s range of software.

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