Call it a renaissance for brick-and-mortar commerce. The rebound of in-store browsing and buying may scarcely seemed imaginable just a few years ago, in the midst of the pandemic, where it seemed that clicking on the buy button was here to stay as, really, the...
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...
Global financial technology platform Adyen has extended the availability of Tap to Pay on iPhone to five more countries: Austria, Czech Republic, Ireland, Romania and Sweden. With this functionality, businesses can accept contactless payments with an iPhone, with no need for additional hardware, the company...
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...
Cashierless checkout technology provider Grabango reportedly discontinued its operations after failing to secure funding. The company had signed deals with grocers and convenience stores, including Aldi, Circle K, Giant Eagle and 7-Eleven, and was seen as one of Amazon’s top competitors in the cashierless checkout...
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...