Restaurant Payments news and trends

Worldline Debuts Food Services Payment Suite
ResTech // December 20, 2023

Worldline has introduced a new payment solution designed to embrace the restaurant industry’s digital transformation. The French payments firm’s Food Service Payments Suite is designed to be an “enhanced, seamless and secure payment experience for the food and beverage industry,” particularly for quick-service restaurants, Worldline...

Olo Q3: Item-Level Guest Data Collection Is Launchpad for 6x Card-Present Opportunity
Earnings // November 06, 2023

Olo executives told investors on the company’s third quarter 2023 earnings call on Monday (Nov. 6) that they anticipate card-present transactions to become a key growth driver for its Olo Pay service as restaurant brands transition away from their long-standing legacy payment processing partnerships.  The fact...

21% of Consumers Spread Out Restaurant Meal Payments
Buy Now Pay Later // October 17, 2023

As consumers look for ways to afford the luxuries that they want even in the face of ongoing financial challenges, PYMNTS Intelligence reveals that many are turning to installment plans to stretch their budgets, enabling them to spring for indulgences such as restaurant dining. By...

Credit Card Users Are the Biggest Spenders at Restaurants
Credit Cards // March 21, 2023

PYMNTS data reveals debit card restaurant payments are most common, but high rollers choose credit. The Context Given credit card users’ tendency to spring for more expensive meals, restaurants and other businesses reliant on restaurant sales are working hard to attract the loyalty of this...

Quick Reads
Worldline Debuts Food Services Payment Suite

December 20, 2023
Worldline has introduced a new payment solution designed to embrace the restaurant industry’s digital transformation. The French payments firm’s Food Service Payments Suite is designed to be an “enhanced, seamless and secure payment experience for the food and beverage industry,” particularly for quick-service restaurants, Worldline said Wednesday (Dec. 20). As the company notes in a […]

Shake Shack Founders Stand By Cashless Move

June 20, 2018
Danny Meyer is defending his restaurant group’s decision to test out cashless transactions, saying they are not looking to exclude prospective guests. Meyer owns Union Square Hospitality Group, and five...

Independent Restaurants Increase Spending With Suppliers

May 22, 2018
The number of independent restaurants continues to decline in the United States, but they still make up more than half of the country’s eateries, and account for 15 percent of...