Point Of Sale 2 news and trends

FOMO Pay and Mastercard Collaborate on Tap-on-Phone Payments
Payment Methods // November 11, 2024

Singapore’s FOMO Pay has teamed with Mastercard to debut a tap-on-phone payment solution. FOMO SoftPOS, announced Friday (Nov. 8), lets merchants accept contactless card payments directly on their smartphones with the FOMO Pay app from the Google Play Store. The companies noted in a news...

Toast Says Payments, Lending Are Digital Recipe for Retention
Earnings // November 08, 2024

Digital transformation is serving up new efficiencies for the restaurant and hospitality sector. With razor-thin margins, shifting consumer tastes and an insatiable demand for convenience, digital tools that optimize how chefs, servers and owners manage everything from orders to payroll have become the secret ingredient...

Lightspeed Focuses on Software Revenue and Stays Mum on Sale Rumors
Point of Sale // November 07, 2024

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...

Adyen Expands ‘Tap to Pay on iPhone’ to 5 More Countries
POS Innovation // October 30, 2024

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...

Interviews & Exclusives
Eat, Tap, Go: How Pay-at-the-Table Tech Is Transforming Restaurants

November 12, 2024
The restaurant industry is experiencing a technological transformation that’s reshaping the dining experience. At the center of it are ongoing innovations in payments and convenience — not the least of which is pay-at-the-table technology. “The demand for a better customer experience and increased customer security, [along with staff shortages], are the main drivers that are […]

71% of Merchants Expect Software to Replace Traditional Point-of-Sale Terminals

October 07, 2024
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...

Trustly Lays Out Vision for Open Banking at Retail

July 16, 2024
Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options. Christina Potter, head of eCommerce at...

Pipe Aims $100 Million at Embedding Working Capital Solutions Into Business Software

June 11, 2024
The most valuable solution is the one that is there when you need it. And for America’s millions of small and medium-sized businesses (SMBs), they mostly share one common problem:...

Quick Reads
FOMO Pay and Mastercard Collaborate on Tap-on-Phone Payments

November 11, 2024
Singapore’s FOMO Pay has teamed with Mastercard to debut a tap-on-phone payment solution. FOMO SoftPOS, announced Friday (Nov. 8), lets merchants accept contactless card payments directly on their smartphones with the FOMO Pay app from the Google Play Store. The companies noted in a news release that Singapore is the first Asia-Pacific region company where […]

Lightspeed Focuses on Software Revenue and Stays Mum on Sale Rumors

November 07, 2024
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,...

Adyen Expands ‘Tap to Pay on iPhone’ to 5 More Countries

October 30, 2024
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...

Lightspeed Commerce Engages in Discussions of ‘Potential Strategic Alternatives’

September 25, 2024
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...