Payments News

On The Web

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Deals

Lightspeed to Acquire Germany’s Gastrofix to Snag More European Customers

“The purchase will allow Lightspeed to obtain more than 8,000 of Gastrofix’s European customer locations, expand to key regions across Europe, and solidify a stronger presence in Germany, Austria, and Norway. A spokesperson for Lightspeed told BetaKit that all Gastrofix’s team will be joining Lightspeed under the terms of the acquisition, as Lightspeed takes over […]
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Domains

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow […]
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Companies

Amazon Will Launch New Grocery Store As Alternative to Whole Foods

“Amazon on Monday said it plans to open its first new brand of grocery store in California next year, as it amps up its ambitious push to become a bigger name in food. “Amazon is opening a grocery store in Woodland Hills in 2020,” an Amazon spokesperson confirmed to CNET on Monday morning, soon after […]
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Domains

POS Providers Invite Developers To Attract More Merchants

“As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated , a program that offers developer tools and infrastructure to integrate their work into the Revel […]

On The Wires

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Companies

Deluxe and Fiserv Launch Merchant Services Offerings for Deluxe Small Business Customers

“Today, Deluxe (NYSE: DLX), a Trusted Business Technology™ company, and Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology, announced a new relationship to bring merchant services to Deluxe small business customers. Deluxe customers will now have access to the market-leading Clover® point-of-sale platform, robust physical and online payment processing capabilities, […]
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Domains

Paytronix Secures $10 Million

“Paytronix Systems, Inc., the most advanced digital guest experience platform, today announced that it has secured an additional $10 million in funding, led by Great Hill Partners and the company’s cofounders. The funding is designed to ensure that Paytronix is on sound financial footing and will continue to provide its restaurant, convenience-store, grocery, and retail […]
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Companies

Stripe Newsroom: QuadPay Builds New Installment Model With Stripe Issuing

“QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in installments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% […]