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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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