POS

The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.

Source: en.wikipedia.org

Toast Co-Founder Aman Narang to Take CEO Reins in January
Toast Co-Founder Aman Narang to Take CEO Reins in January
September 05, 2023  |  Personnel

Restaurant point of sale (POS) provider Toast has a new chief executive. Aman Narang, who co-founded the firm in 2011 and has served as its chief operating...

READ MORE >
Toast Says Controversial $0.99 Consumer Fee Had No Impact on Pricing, Win Rates
Toast Says Controversial $0.99 Consumer Fee Had No Impact on Pricing, Win Rates
August 08, 2023  |  Earnings

Less than a month after restaurant point of sale (POS) provider Toast rolled back its decision to add a $0.99 fee for consumers on online orders of $10...

READ MORE >
Lightspeed Focuses on ‘Unified Payments’ as Revenues Climb 20%
Lightspeed Focuses on ‘Unified Payments’ as Revenues Climb 20%
August 03, 2023  |  Earnings

With revenues on the rise, digital commerce firm Lightspeed is focused on Unified Payments. That’s the name of the combined point-of-sale (POS) and payments platform...

READ MORE >
Fiserv’s Clover Notches 23% Revenue Growth
Fiserv’s Clover Notches 23% Revenue Growth
July 26, 2023  |  Earnings

Fiserv’s latest results show that financial institutions and businesses are continuing to invest in payments modernization and digitization, boosting the company’s organic revenue growth rates....

READ MORE >
Tulip and Stripe Announce Strategic Partnership for Omnichannel Retail Payments
Tulip and Stripe Announce Strategic Partnership for Omnichannel Retail Payments
July 13, 2023  |  Partnerships

Tulip, a provider of cloud-based retail solutions, and Stripe, a financial infrastructure platform for businesses, have announced a strategic partnership. This new partnership will be a...

READ MORE >
Aptos Appoints Kristjan Johannsson to Lead LS Retail’s ‘Next Phase of Growth’
Aptos Appoints Kristjan Johannsson to Lead LS Retail’s ‘Next Phase of Growth’
June 28, 2023  |  Personnel

Aptos has appointed Kristjan Johannsson as general manager for its standalone business unit LS Retail. Johannsson has been with LS Retail since 2016, most recently serving as chief commercial...

READ MORE >
Will 99 Cents Burn Toast at the POS?
Will 99 Cents Burn Toast at the POS?
June 26, 2023  |  Platform Payments

After spending the last 20 minutes online deliberating over what you really need to round out your summer wardrobe, you’re ready to check out. You...

READ MORE >
Merchants Tap Smart Carts to Drive 30% Basket Size Increases
Merchants Tap Smart Carts to Drive 30% Basket Size Increases
June 21, 2023  |  Retail

As shoppers continue to seek eCommerce-like convenience in their brick-and-mortar journeys, self-checkout technologies such as smart carts can boost their spending and loyalty, Cust2Mate CEO...

READ MORE >
Shift4 and OpenTable Integrate Data for Restaurant Operators
Shift4 and OpenTable Integrate Data for Restaurant Operators
May 24, 2023  |  ResTech

Shift4 and OpenTable have integrated their data for restaurant operators. With this partnership, diner booking data from OpenTable’s restaurant technology can be combined with spending...

READ MORE >