CLOUD BASED POS

Lightspeed Finalizes the Acquisition of Shopkeep

Lightspeed, Shopkeep | November 27, 2020

Lightspeed POS Inc., a leading provider of cloud-based, omnichannel commerce platforms, today announced the end of the beforehand detailed acquisition of ShopKeep Inc., a leading cloud commerce platform provider based in New York City. Lightspeed finished up the acquisition for the idea of $145.2 million in genuine cash and the issuance of 7,437,397 subordinate vote based proposals in the capital of Lightspeed, subject to standard post-shutting changes.  Lightspeed has also assumed ShopKeep's investment opportunity plan, with the outstanding investment opportunities thereunder changing over into alternatives to purchase 1,254,534 subordinate democratic shares in the capital of Lightspeed.

With the finish of this acquisition, Lightspeed now serves in excess of 100,000 customer areas around the globe, producing roughly $33 billion in gross exchange volume1 every year, for each situation as of September 30, 2020.

RBC Capital Markets acted as advisor to Lightspeed on the transaction.

About Lightspeed

Lightspeed powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality and golf industries. Its product suite enables SMBs to sell across channels, manage operations, engage with consumers, accept payments and ultimately grow their business.

Headquartered in Montreal, Canada, Lightspeed is trusted by favorite local businesses worldwide, where communities go to shop and dine. Lightspeed has staff located in Canada, USA, Europe, and Australia.

Spotlight

CX leaders exemplify alignment around what good will look like for their customers and deliver on that vision across the front, middle and back of house. As I was dozing off, a stewardess gently put a very comfy blanket over me. I don’t know why but that really impressed me they are the best surely everything was just perfect.


Other News
PAYMENT SOLUTIONS

Circle Announces Acquisition of Elements to Accelerate Crypto Payments

Circle | October 03, 2022

On stage at Converge22 today, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services.The new payment offerings make it simple for merchants to integrate their existing PSP relationships with Circle's crypto payment offerings. "We are very impressed by the Elements team for their work in taking the complexity out of crypto payments,Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle's mission. Providing well-designed payment products that can facilitate seamless, efficient, frictionless and delightful customer experiences are key to empowering merchants to take advantage of these next-gen payment solutions." Nikhil Chandhok, Chief Product Officer at Circle As the issuer of both USD Coin (USDC) and Euro Coin (EUROC), Circle is uniquely positioned to promote digital payments and an always-on financial system as native features of the internet. More than $49 billion USDC is in circulation as of Sept. 28, 2022, and it has powered more than $5 trillion in on-chain transactions since its 2018 inception. Creating a payments platform that allows merchants to accept USDC and other crypto payments at the point-of-sale is a natural progression of the growing global adoption of digital currencies.Elements' mission is to put more money into the hands of merchants. With Circle, we knew the natural synergy in our business models would create an opportunity to deliver a seamless and low cost payments and settlement experience for merchants using a digital currency they can trust," said Nafis Jamal, Founder and CEO at Elements,Today's news is only the beginning of our joint mission to deliver first-class payments offerings and define the next generation of payments. Jamal and Hao Min, co-founders of Elements, joined Chandhok onstage at Circle's inaugural Converge22 conference to demo Circle's Crypto Payments API which is available in beta today as well as the one-stop checkout SDK for crypto merchants which will be available in Q4 2022. Please visit here to learn more about Circle's Crypto Payments API. About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value.

Read More

RESTAURANT POS

Givex Hong Kong Announces Launch of GivexPOS in Fine Dining Restaurant with Three Michelin Stars

Givex | July 14, 2022

Givex Information Technology Group Ltd. announced today the upcoming mid-July launch of GivexPOS in a fine dining restaurant with three Michelin stars in Hong Kong, the first in a five-unit, multi-branded restaurant group. "In the last 20 years, Givex has proven to be a global tech leader, with more than 100,000 active locations that utilize our POS, gift card, loyalty and other products, Our recent new partnerships in Hong Kong show that GivexPOS is successful in markets across the globe, and in all types of restaurants, from QSRs to fine dining establishments and everything in between. Givex delivers the technology innovation that our partners strive for, We are thrilled to be expanding our reach in Asia, and look forward to being a key partner in our clients' growth." -John Sydoruk, Givex Managing Director, AsiaGivex. Givex is a comprehensive global customer engagement and business insights platform. In addition to GivexPOS, Givex offers gift card and loyalty programs, payment systems and robust analytics to help its clients make efficient business decisions. The recent partnerships in Hong Kong mark the next step in Givex's continued international growth. About Givex- Givex (TSX: GIVX;OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 100,000+ active locations across more than 100 countries.

Read More

POS SOLUTIONS

Sionic Launching Free CODE Pay Mobile App for Local Merchants

Sionic | July 13, 2022

Sionic , a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it is launching a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers at the point of sale. “We are excited to give local merchants a fast and easy way to accept real-time payments from customers, The app works with any point of sale and also gives merchants a simple way for customers to order and pay ahead for either in-store or takeout consumption.” -Erica Burris, VP Strategy and Product for Sionic. CODE Pay uses Sionic’s new Pay-by-Bank solution enabling real-time cash deposits for merchants at checkout while bypassing expensive card swipe fees. The mobile app and service helps local merchants combat inflation by offsetting rising labor and food or merchandise costs. Sionic is also offering local merchants a bundled service for convenient processing of both bank and card payments with consolidated, instant reporting and analytics all from their mobile device using CODE Pay. About Sionic- Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. A Google Cloud service, Sionic's market-first ULink™ is bringing real-time direct deposits to the point of sale via mobile, online, in store or in vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers may receive perks for paying with their bank accounts.

Read More

POS SOLUTIONS

Cardknox Announces Integration with the Verifone M400 and e285 Payment Terminals

CARDKNOX | August 17, 2022

Cardknox, a leading developer-friendly payment solutions provider, today announced its integration with the M400 and the e285, two payment terminals developed by Verifone, a fintech leader providing valuable end-to-end payment solutions. By offering support for the broadest range of terminal options, merchants are able to keep up with the latest consumer payment preferences for card-present transactions. At the same time, software developers and ISVs benefit from Cardknox's plug-and-play payment integrations for a wide range of POS and e-commerce systems.With the growing demand for cashless and contactless payment options, these two payment terminals from Verifone bring merchants increased opportunities to capture sales while providing consumers with a frictionless payment experience. Ideal for the retail, restaurant, and hospitality industries, the M400 and e285 terminals feature high-definition touchscreen displays, superior battery life, a range of connectivity options, and support for all major payment methods — including contactless, mobile, and EMV.The M400 is the perfect countertop terminal for elevating the multilane experience. With a sleek, innovative design and a stunning multitouch display, this powerful device provides customers with all the latest payment technology. And for merchants on the go, the e285 handheld mobile point-of-sale is the perfect solution, featuring Bluetooth and WiFi connectivity and long-lasting battery life. The Verifone M400 and e285 are seamlessly integrated with the Cardknox payment gateway and offer merchants an all-in-one retail solution with the capability to: Integrate seamlessly: The M400 and e285 offer plug-and-play integration with the Cardknox payment gateway, one of the industry's leading omnichannel payment solutions that delivers fast processing at the lowest rates. Accept multiple payment types: Both devices support NFC mobile wallets, magnetic stripe, EMV chip, and contactless cards. Intuitively manage transactions: Generate reports, locate transaction history, and process sales and refunds — all in one place with the Cardknox Merchant Portal. Receive in-house technical support: Cardknox clients enjoy white-glove customer service from its U.S.-based support center. "Through our partnership with Verifone, we're excited to offer two new card-present payment processing options that can meet our merchants' needs across a wide range of industries, Mark Paley, Cardknox's Vice President of Sales. At Cardknox, we strive to provide cutting-edge hardware options so that our clients can always keep up with the latest trends." Mark Paley, Cardknox's Vice President of Sales. About Cardknox Cardknox offers a full suite of payment solutions for in-person, online, and mobile channels with support for a variety of payment methods. Merchants and developers alike choose Cardknox for its cutting-edge technology, white-glove customer service, and competitive rates. About Verifone Verifone is a FinTech leader providing valuable end-to-end payment and commerce solutions to the world's best-known retail brands, major financial institutions, and directly to more than 600,000 merchants alike. The company's global services platform is built on a four-decade history of innovation and uncompromised security and handles 10.4B+ online and in-store transactions annually, totaling more than $440B. Trusted and recognized by consumers for its growing footprint of 35 million devices in more than 150 countries, businesses choose Verifone for its global scale, local capabilities, omnichannel prowess, and solution flexibility. Learn more at Verifone.com.

Read More

Spotlight

CX leaders exemplify alignment around what good will look like for their customers and deliver on that vision across the front, middle and back of house. As I was dozing off, a stewardess gently put a very comfy blanket over me. I don’t know why but that really impressed me they are the best surely everything was just perfect.

Resources