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GoTab Partners with Mastercard to Enhance the Digital Checkout Experience

GoTab | April 04, 2022

Restaurant commerce platform, GoTab, today announced it is partnering with Mastercard to transform the digital payment experience at hospitality venues across the U.S. with the implementation of Click to Pay – a payment solution that makes checkout easier by eliminating the need to manually enter card details.

Click to Pay offers consumers a more convenient and secure guest checkout experience across devices and channels. Built on EMV® Secure Remote Commerce industry standards, Mastercard Click to Pay makes it easier and safer for consumers to check out online without having to remember passwords or manually enter card details each time. For returning users, intelligent recognition puts preferred cards at their fingertips, with the highest levels of convenience – no need to manually enter details and no new button to press. With a payment platform embedded into checkout, all cards can be managed in a single secure profile and automatically updated. Mastercard also uses tokenization, when available, to encrypt personal information, helping consumers shop with peace of mind while reducing fraud and false declines.

After opening a tab on a smartphone (via a QR code) at GoTab-operated venues, customers can select to save their Mastercard payment information to Click to Pay, where their Mastercard payment information is automatically saved, providing them with the opportunity to add food and drinks to their tab, or close their tab without having to worry about re-entering payment details. Once diners are ready to leave, their tab is automatically charged to their Mastercard, providing a quick and secure checkout experience. Consumers can also opt to keep their Mastercard on file within their GoTab profiles to quickly pay at any GoTab-operated venue.

"We strive to help our operators enhance the guest experience. Mastercard Click to Pay is the perfect solution to simplify and make the checkout process easier, faster, and completely seamless. As we get ready to process $1 billion in GMV in 2022, we are honored to work with Mastercard to enable our operators to deliver a safe and enjoyable guest experience."

GoTab CEO Tim McLaughlin

GoTab recently introduced Click to Pay across various Stone Brewing locations in California and Virginia. "We've had a very successful run with GoTab and Mastercard Click to Pay across all of our taprooms and bistros," said Gregg Frazer, VP of Hospitality for Stone Brewing. "Our guests were already big fans of GoTab, but the convenience and security of Click to Pay made the payment experience even better."

Started in 2016 as an e-commerce solution for on-premise ordering, GoTab has since evolved into a comprehensive restaurant commerce platform, with full POS, kitchen operations and delivery capabilities. A true cloud-based solution, GoTab allows guests to order and pay directly from their smartphone without having to download an app or create a password. Operators can also rely on GoTab's POS, contactless ordering and payment features, and kitchen management systems (KMS) to run efficient, profitable operations. The full GoTab POS can easily be integrated and works with countless best-of-breed solutions for a continued focus on the core real-time operational experience.

GoTab's partnership with Mastercard is slated to evolve and bring Click to Pay technology to all GoTab-operated venues. Restaurant operators can upgrade their payment experience and offer a new secure checkout experience to their customers.

About GoTab, Inc.
GoTab, Inc., a Restaurant Commerce Platform (RCP), is helping large- and mid-sized restaurants, breweries, bars, hotels and other venues run lean, profitable operations while making guests even more satisfied. It integrates with popular point-of-sale (POS) systems and allows patrons to order and pay through a server, order and pay directly from their own mobile phones, or blend the two experiences all on one tab, through its easy-to-use mobile POS, contactless ordering and payment features, and kitchen management systems (KMS). The guest never has to download a mobile app or create a password. Operators get flexible features that can be rapidly applied to access new revenue streams via dine-in, take-out and delivery, ghost kitchens, retail groceries, and more. Founded in 2016, GoTab processes over $250M transactions per year with operations across 35 U.S. states and growing.

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Alacriti Partners with Socure to Provide Instant Payments Fraud Prevention

Businesswire | April 17, 2023

Alacriti, a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments “Faster payments deliver greater convenience and instant access to funds. Yet its growing adoption brings different fraud risks as organized criminal networks look to exploit its vulnerabilities,” emphasizes Chuck Subrt, Director Fraud & AML Practice at Aite-Novarica Group. “To mitigate these risks, financial services organizations need to optimize their financial crime frameworks by integrating more real-time capabilities and richer risk intelligence. The Alacriti-Socure partnership delivers an option for the financial services community to address the needs of instant payments.” This partnership allows financial institutions to utilize end-to-end, turnkey, instant payment solutions with integrated fraud prevention. Alacriti’s Cosmos Payments Hub, which is on the Orbipay platform, enables financial institutions to deliver modern money movement experiences to their customers, reduce operating costs, and accelerate time to market. “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle. This partnership represents a huge opportunity for financial institutions, as they can now affordably access Socure’s market-leading fraud prevention solution, which is fully integrated with Alacriti’s Cosmos Payments Hub,” said Mark Majeske, SVP Faster Payments at Alacriti. Keith Gray, Vice President, Strategic Partnerships at The Clearing House added, “As more banks and credit unions leverage the RTP® network to send instant payments, having access to appropriate fraud tools becomes an important part of a real-time payments strategy. We are happy to see Alacriti and Socure working together to provide fraud monitoring tools to financial institutions in the real-time payments ecosystem.” Alacriti’s Orbipay AIQ is a cloud-based, machine learning-based fraud prevention solution designed to manage fraud and risk associated with instant payments processed through payment rails such as The Clearing House's (TCH) RTP network, the FedNowSM Service, and Visa Direct—or conventional payments such as ACH or Wires. Orbipay AIQ can be deployed to augment a financial institution’s existing fraud detection system or act as a stand-alone system. The solution is proactive, enabling it to analyze and score individual senders and receivers of transactions prior to the transaction being processed through a specific payment rail. Financial institutions can also set up customized tolerance levels to better control individual organizational preferences. Orbipay AIQ is powered by Socure’s Sigma Fraud suite, combining the industry’s most accurate third-party and synthetic identity fraud solutions with the highest auto-approval rates while minimizing fraud risk and false positives. Socure’s fraud prevention solutions analyze every dimension of consumer identity leveraging an advanced machine learning framework, and block stolen or synthetic identities from entering the payment network. “Our partnership with Alacriti protects financial institutions and their account holders from predatory fraudsters, improving their trust and confidence when making faster payments transactions. The joining of a comprehensive identity verification and fraud prevention platform with the Cosmos Payments Hub helps financial institutions safely deliver payments innovation quickly and with less risk to market,” said Evan Rabinowitz, VP of Business Development at Socure. Alacriti (booth 512) and Socure (booth 533) will be present at the Nacha Smarter Faster Payments 2023 conference and will be available to discuss the details of the partnership. Additional information can be found in the recorded webinar, Navigating Fraud in the World of Instant Payments: Strategies for Success. About Alacriti Alacriti is a leading financial technology company with a comprehensive money movement and payments services platform dedicated to helping clients accelerate their digital transformation. Built on a flexible, cloud-native framework, Alacriti’s array of solutions allows clients to deliver the money movement experiences and payments innovation that today’s users demand while seamlessly integrating with their internal infrastructures. About Socure Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top buy now, pay later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, DraftKings, Poshmark, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

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TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

PRnewswire | May 11, 2023

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is the first solution to connect to TerraPay's network of wallet providers. The enablement of Visa Direct to TerraPay's global partner integrations of mobile wallets and bank accounts can empower seamless and fast person-to-person remittances for individuals, as well as business pay-outs for small and medium businesses (SMBs), across 108 receive countries. Global cross-border trade has seen steady growth, largely from emerging markets. By 2025, cross-border trade is expected to reach a value of US$8Tn[1]. Despite this boom and the rise of digital payments globally, cross-border business payments continue to be complex and riddled with challenges, especially for SMBs. For these businesses, the process of sending money can often come with delays, high costs, lack of standardization, and inefficiency. TerraPay and Visa's collaboration will pave the path for holistic pay-in and pay-out solutions that can enhance the usage of eligible commercial cards for SMEs, extending to include added global money-movement capabilities, including cards, accounts, and wallets. At the same time, merchants can use TerraPay's Request-to-Pay wallet solution, globally. Speaking on this announcement, Ambar Sur, Founder and CEO, TerraPay, said, "It gives me great pride to say that TerraPay's relationship with Visa is so much more than a collaboration. With Visa joining us as a key investor, this strategic alliance truly reflects a huge stride forward for global digital payments. We are thrilled to give shape to our joint vision of building a connected and empowered world of digital payments." Ruben Salazar Genovez, Global Head, Visa Direct, said, "We are thrilled that our investment in and collaboration with TerraPay is going to help further enhance the reach of Visa Direct and help spur financial inclusion. More people and SMBs, including underbanked and underserved communities around the world, will soon have access to inbound digital cross-border payment capabilities directly on their mobile devices." Ambar Sur also added, "Combining Visa's scale with our global payments infrastructure, we will be able to help Visa customers enhance their pay-out experiences and scale their businesses faster. Our collaboration also serves the larger purpose of enhancing the way of life for these individuals and businesses, enabling them with a more connected and accessible global payments ecosystem." About TerraPay Headquartered in the United Kingdom, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 27 global markets, TerraPay is one of the leading global partners to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to an extensive network of 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets, across 108 receive countries and 205 send countries, TerraPay enables its partners to become beacons of the promise of global financial inclusion.

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Lightspeed’s Newest Release of its Flagship Restaurant Platform Reimagines How US Customers Run Their Front-Of-House Operations

Globenewswire | May 19, 2023

Lightspeed Commerce Inc., the one-stop commerce platform for merchants and restaurateurs around the world announced today the release of the latest version of its powerful restaurant solution: the Next Generation of Lightspeed Restaurant. This update, now available in the United States, revolutionizes restaurant operations by offering faster ordering and payments options on smartphones and by leveraging the power of data. New functionalities include: • ‘Pay at Table’ - Uniquely designed by Lightspeed, this simplifies group dining with smart and easy check splitting • ‘Tap to Pay’ on iOS - Increases table turns by transforming every smartphone into a payment terminal • ‘Scan and Pay’ - Boosts order value by allowing guests to order or close a check themself • Self-serve Capital - Helps restaurants fund their next stage of growth • Tip Management - Builds staff loyalty with great tip management • Enhanced APIs - Gives access to data to customize the Lightspeed experience • Advanced Insights - Unlocks a previously unavailable layer of business intelligence “We are helping US restaurants reimagine the way they run their front of house operations, not only to improve efficiency but to help drive additional revenue and change the guest experience for the better,” says Peter Dougherty, GM of Hospitality at Lightspeed. “Lightspeed is on a mission to radically change the restaurant industry, empowering restaurant operators with real-time insights at their fingertips.” Streamline Ops to Serve Customers Faster Lightspeed Restaurant helps business owners optimize their time so that they can spend more of it focused on their customers. • The speed of the Lightspeed Restaurant platform means orders from the server to the back of house staff are on average 40% faster* than the competition. • Improvements to how customers order and pay thanks to the seamless experiences offered with ‘Pay at Table’, ‘Tap to Pay’, and ‘Scan and Pay’ means restaurant operators can say goodbye to unnecessary waiting as guests dine, order, and pay – all from their seat. • Tip Management means that operators can maximize server earnings with intelligent tip suggestion and reporting. • Enhanced APIs means that external systems can easily integrate into the platform allowing for real-time inventory management. • A strong offline mode ensures business continuity, even without internet connectivity. Access to Capital In the current challenging economic environment, restaurant operators are looking for more options to secure funds. Lightspeed Capital is now easier to access thanks to self-serve Capital embedded within the platform. Qualified restaurant owners can now easily get connected to Lightspeed’s merchant cash advances via in-app functionalities. Harnessing the Power of Advanced Insights Lightspeed Restaurant is an industry-leading, lightning-fast solution that offers comprehensive, data-driven insights to help businesses navigate the complex landscape of restaurant operations. Exclusive features include: • Server Performance: Empower staff with feedback that improves services and boost earnings through performance insights. • Menu Performance: Use data to discover the dishes that keep customers coming back by using a proprietary data matching algorithm to link customer preferences to their profile. • Time Optimization: Make data-backed staffing decisions to drive peak efficiency. • Logbook: Keep a finger on the pulse of restaurant operations, even when you’re not there, by automating and connecting restaurant staff together across shifts with a virtual log book. Lightspeed powers the world’s best restaurants, including: Daniel Boulud Group (NYC), Atomic Hospitality Group (Chicago), Alinea Group (Chicago), Canlis (Seattle), Big Mamma (Europe), Kei (Paris) and Maybe Sammy (Sydney), and is now available in the United States, Canada, the United Kingdom, France, Belgium, the Netherlands, Switzerland, Germany, and Australia. * Based on internal testing in August 2022 of industry peer check management and other workflows. Lightspeed Restaurant POS requires on average 40% fewer clicks for completing check splitting, discounting and other basic POS workflows than certain industry-leading POS systems in North America. Results outside such internal testing could vary depending on location and other factors About Lightspeed Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

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Alacriti Partners with Socure to Provide Instant Payments Fraud Prevention

Businesswire | April 17, 2023

Alacriti, a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments “Faster payments deliver greater convenience and instant access to funds. Yet its growing adoption brings different fraud risks as organized criminal networks look to exploit its vulnerabilities,” emphasizes Chuck Subrt, Director Fraud & AML Practice at Aite-Novarica Group. “To mitigate these risks, financial services organizations need to optimize their financial crime frameworks by integrating more real-time capabilities and richer risk intelligence. The Alacriti-Socure partnership delivers an option for the financial services community to address the needs of instant payments.” This partnership allows financial institutions to utilize end-to-end, turnkey, instant payment solutions with integrated fraud prevention. Alacriti’s Cosmos Payments Hub, which is on the Orbipay platform, enables financial institutions to deliver modern money movement experiences to their customers, reduce operating costs, and accelerate time to market. “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle. This partnership represents a huge opportunity for financial institutions, as they can now affordably access Socure’s market-leading fraud prevention solution, which is fully integrated with Alacriti’s Cosmos Payments Hub,” said Mark Majeske, SVP Faster Payments at Alacriti. Keith Gray, Vice President, Strategic Partnerships at The Clearing House added, “As more banks and credit unions leverage the RTP® network to send instant payments, having access to appropriate fraud tools becomes an important part of a real-time payments strategy. We are happy to see Alacriti and Socure working together to provide fraud monitoring tools to financial institutions in the real-time payments ecosystem.” Alacriti’s Orbipay AIQ is a cloud-based, machine learning-based fraud prevention solution designed to manage fraud and risk associated with instant payments processed through payment rails such as The Clearing House's (TCH) RTP network, the FedNowSM Service, and Visa Direct—or conventional payments such as ACH or Wires. Orbipay AIQ can be deployed to augment a financial institution’s existing fraud detection system or act as a stand-alone system. The solution is proactive, enabling it to analyze and score individual senders and receivers of transactions prior to the transaction being processed through a specific payment rail. Financial institutions can also set up customized tolerance levels to better control individual organizational preferences. Orbipay AIQ is powered by Socure’s Sigma Fraud suite, combining the industry’s most accurate third-party and synthetic identity fraud solutions with the highest auto-approval rates while minimizing fraud risk and false positives. Socure’s fraud prevention solutions analyze every dimension of consumer identity leveraging an advanced machine learning framework, and block stolen or synthetic identities from entering the payment network. “Our partnership with Alacriti protects financial institutions and their account holders from predatory fraudsters, improving their trust and confidence when making faster payments transactions. The joining of a comprehensive identity verification and fraud prevention platform with the Cosmos Payments Hub helps financial institutions safely deliver payments innovation quickly and with less risk to market,” said Evan Rabinowitz, VP of Business Development at Socure. Alacriti (booth 512) and Socure (booth 533) will be present at the Nacha Smarter Faster Payments 2023 conference and will be available to discuss the details of the partnership. Additional information can be found in the recorded webinar, Navigating Fraud in the World of Instant Payments: Strategies for Success. About Alacriti Alacriti is a leading financial technology company with a comprehensive money movement and payments services platform dedicated to helping clients accelerate their digital transformation. Built on a flexible, cloud-native framework, Alacriti’s array of solutions allows clients to deliver the money movement experiences and payments innovation that today’s users demand while seamlessly integrating with their internal infrastructures. About Socure Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top buy now, pay later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, DraftKings, Poshmark, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

Read More

POS RETAIL

TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

PRnewswire | May 11, 2023

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is the first solution to connect to TerraPay's network of wallet providers. The enablement of Visa Direct to TerraPay's global partner integrations of mobile wallets and bank accounts can empower seamless and fast person-to-person remittances for individuals, as well as business pay-outs for small and medium businesses (SMBs), across 108 receive countries. Global cross-border trade has seen steady growth, largely from emerging markets. By 2025, cross-border trade is expected to reach a value of US$8Tn[1]. Despite this boom and the rise of digital payments globally, cross-border business payments continue to be complex and riddled with challenges, especially for SMBs. For these businesses, the process of sending money can often come with delays, high costs, lack of standardization, and inefficiency. TerraPay and Visa's collaboration will pave the path for holistic pay-in and pay-out solutions that can enhance the usage of eligible commercial cards for SMEs, extending to include added global money-movement capabilities, including cards, accounts, and wallets. At the same time, merchants can use TerraPay's Request-to-Pay wallet solution, globally. Speaking on this announcement, Ambar Sur, Founder and CEO, TerraPay, said, "It gives me great pride to say that TerraPay's relationship with Visa is so much more than a collaboration. With Visa joining us as a key investor, this strategic alliance truly reflects a huge stride forward for global digital payments. We are thrilled to give shape to our joint vision of building a connected and empowered world of digital payments." Ruben Salazar Genovez, Global Head, Visa Direct, said, "We are thrilled that our investment in and collaboration with TerraPay is going to help further enhance the reach of Visa Direct and help spur financial inclusion. More people and SMBs, including underbanked and underserved communities around the world, will soon have access to inbound digital cross-border payment capabilities directly on their mobile devices." Ambar Sur also added, "Combining Visa's scale with our global payments infrastructure, we will be able to help Visa customers enhance their pay-out experiences and scale their businesses faster. Our collaboration also serves the larger purpose of enhancing the way of life for these individuals and businesses, enabling them with a more connected and accessible global payments ecosystem." About TerraPay Headquartered in the United Kingdom, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 27 global markets, TerraPay is one of the leading global partners to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to an extensive network of 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets, across 108 receive countries and 205 send countries, TerraPay enables its partners to become beacons of the promise of global financial inclusion.

Read More

POS RETAIL

Lightspeed’s Newest Release of its Flagship Restaurant Platform Reimagines How US Customers Run Their Front-Of-House Operations

Globenewswire | May 19, 2023

Lightspeed Commerce Inc., the one-stop commerce platform for merchants and restaurateurs around the world announced today the release of the latest version of its powerful restaurant solution: the Next Generation of Lightspeed Restaurant. This update, now available in the United States, revolutionizes restaurant operations by offering faster ordering and payments options on smartphones and by leveraging the power of data. New functionalities include: • ‘Pay at Table’ - Uniquely designed by Lightspeed, this simplifies group dining with smart and easy check splitting • ‘Tap to Pay’ on iOS - Increases table turns by transforming every smartphone into a payment terminal • ‘Scan and Pay’ - Boosts order value by allowing guests to order or close a check themself • Self-serve Capital - Helps restaurants fund their next stage of growth • Tip Management - Builds staff loyalty with great tip management • Enhanced APIs - Gives access to data to customize the Lightspeed experience • Advanced Insights - Unlocks a previously unavailable layer of business intelligence “We are helping US restaurants reimagine the way they run their front of house operations, not only to improve efficiency but to help drive additional revenue and change the guest experience for the better,” says Peter Dougherty, GM of Hospitality at Lightspeed. “Lightspeed is on a mission to radically change the restaurant industry, empowering restaurant operators with real-time insights at their fingertips.” Streamline Ops to Serve Customers Faster Lightspeed Restaurant helps business owners optimize their time so that they can spend more of it focused on their customers. • The speed of the Lightspeed Restaurant platform means orders from the server to the back of house staff are on average 40% faster* than the competition. • Improvements to how customers order and pay thanks to the seamless experiences offered with ‘Pay at Table’, ‘Tap to Pay’, and ‘Scan and Pay’ means restaurant operators can say goodbye to unnecessary waiting as guests dine, order, and pay – all from their seat. • Tip Management means that operators can maximize server earnings with intelligent tip suggestion and reporting. • Enhanced APIs means that external systems can easily integrate into the platform allowing for real-time inventory management. • A strong offline mode ensures business continuity, even without internet connectivity. Access to Capital In the current challenging economic environment, restaurant operators are looking for more options to secure funds. Lightspeed Capital is now easier to access thanks to self-serve Capital embedded within the platform. Qualified restaurant owners can now easily get connected to Lightspeed’s merchant cash advances via in-app functionalities. Harnessing the Power of Advanced Insights Lightspeed Restaurant is an industry-leading, lightning-fast solution that offers comprehensive, data-driven insights to help businesses navigate the complex landscape of restaurant operations. Exclusive features include: • Server Performance: Empower staff with feedback that improves services and boost earnings through performance insights. • Menu Performance: Use data to discover the dishes that keep customers coming back by using a proprietary data matching algorithm to link customer preferences to their profile. • Time Optimization: Make data-backed staffing decisions to drive peak efficiency. • Logbook: Keep a finger on the pulse of restaurant operations, even when you’re not there, by automating and connecting restaurant staff together across shifts with a virtual log book. Lightspeed powers the world’s best restaurants, including: Daniel Boulud Group (NYC), Atomic Hospitality Group (Chicago), Alinea Group (Chicago), Canlis (Seattle), Big Mamma (Europe), Kei (Paris) and Maybe Sammy (Sydney), and is now available in the United States, Canada, the United Kingdom, France, Belgium, the Netherlands, Switzerland, Germany, and Australia. * Based on internal testing in August 2022 of industry peer check management and other workflows. Lightspeed Restaurant POS requires on average 40% fewer clicks for completing check splitting, discounting and other basic POS workflows than certain industry-leading POS systems in North America. Results outside such internal testing could vary depending on location and other factors About Lightspeed Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Read More

More featured news