Service businesses that rely on point of sale (POS) can use all the help they can get to keep transactions streamlined. On Thursday (April 24), Square announced the release of the next-generation Square Point of Sale app that consolidates several of its industry-specific tools into...
Retailers’ desire for greater efficiency and for solutions to shrink is helping drive sales of digital commerce solutions, NCR Voyix reported Thursday (Feb. 27). “Shrink continues to be a significant issue in grocery or any self-checkout environment,” Darren Wilson, executive vice president and president, retail...
With revenues climbing, Lightspeed Commerce says it is focusing on its software offerings. The point of sale and digital commerce firm announced earnings Thursday showing total revenues of $277 million, a 20% increase year over year. Of that, $183.3 million came from transaction-based revenue — up...
The days of the old-school cash register are numbered. They may even already be over. The final note on their obituary? It’s the fact that embedded financial services and point of sale (POS) solutions that span both online and offline transactions are transforming the way...
As digital payment technology evolves, software point-of-sale (SoftPOS) solutions are emerging as a transformative force in payments. With the potential to democratize payment acceptance, SoftPOS is set to revolutionize how merchants — both small and large — conduct transactions. A PYMNTS Intelligence report, “How SoftPOS...
Lightspeed Commerce responded to media reports of a potential sale of the company, saying that it periodically undertakes a strategic review of its business and that it does not intend to disclose more information except as required by its regulatory obligations. “While it is the...
Payment service providers Nexi, Adyen and Stripe are enabling merchants in Italy to process payments using their iPhones. Nexi already offered business owners this option through the NexiSoftPOS application, Reuters said in a Wednesday (May 29) report. However, the app only worked on Android operating...
Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes. Blanchard’s quip highlights the fact that to successfully navigate marketplace challenges and capture new opportunities, businesses increasingly need to focus on creating scalable solutions for...
British payments group Epos Now is running a private placement process to sell a minority stake in the business and bring on a strategic partner “for the next stage of growth.” The process will start after summer, Epos Now CEO Jacyn Heavens told PYMNTS in an email....
