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POS

SpotOn Raises $50 Million in Series B Funding from Former Twitter Executives

The payments and software company will increase investment in product development to continue building end-to-end vertical solutions and accelerating hiring across all functions SpotOn Transact, Inc (“SpotOn”), an innovative payments and software company, announced $50 million in Series B funding. The round includes 01 Advisors, an investment and advisory firm founded by Twitter’s former CEO Dick Costolo, former COO Adam Bain and former Corporate Development and Investor Relations executive David Rivinus, as well as…

Como and Revel Systems Announce Como Essentials Easy-to-Use Loyalty Solution

New offering allows small and midsize businesses to leverage premier customer engagement tools for retention and increased profits Revel Systems, a leading provider of a cloud-based point of sale (POS) and complete business management platform, and Como, the global leader in customer engagement and marketing solutions,  announced Como Essentials, a new, out-of-the-box engagement and loyalty solution. Tailored for small and midsize businesses (SMBs) interested in customer engagement solutions but deterred by cost and…

FreshLime Announces Public REST API to Power Thousands of Partner and Customer Integrations

FreshLime, the leading Customer Connection Platform for small businesses, announced its public REST API, a move that will enable thousands of CRM, POS, and Field Management systems to integrate directly with FreshLime. With all the tasks a small business owner juggles from day-to-day, knowing when to connect with their customers with the right message is overwhelming. The FreshLime Customer Connection Platform was specifically designed to plug directly into a small business' existing customer software—enabling these…

Banking and Payments Sector Leads Disruptive Tech Partnership Landscape Between 2016 and 2019

The advent of new technologies is rapidly disrupting the value chain of all sectors. Companies are increasingly forming partnerships with start-ups to better serve their customers. Against this backdrop, the banking and payments sector led the disruptive tech partnership landscape between 2016 and 2019, according to GlobalData, a leading data and analytics company. GlobalData’s Disruptor Database, which analyzes and showcases technology partnership activity across companies and sectors, reveals that driven by artificial…

Restaurant Management System Linga Makes Big Move to Prepare for Global Demand of its OS

US-based innovative Cloud restaurant management system Linga, announced the launch of its global brand and new flagship platform, the rOS (retail/ restaurant Operating System). The move will provide Linga the room it needs to prepare its popular cloud-based operating system for a global audience. Restaurant and retail business owners are urgently calling for a complete management solution that can stand the test of time, and Linga has answered the call. Launched in 2003, Linga provides restaurant management tools for…

Visa Acquires Payworks

Acquisition enhances Visa integrated commerce payment management capabilities for clients worldwide Visa announced it has acquired Payworks, a Munich-based provider of next-generation payment gateway software for the Point of Sale (POS). Visa will bring Payworks’ cloud-based solution for in-store payment processing together with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and acquirers. The joint offering will provide acquirers and payment…

Net Element Launches Blade, Fully-Automated, Artificial Intelligence-Powered Underwriting Solution with Predictive Scoring

Net Element’s Blade unlocks the power of artificial intelligence Net Element, Inc., a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (POS), e-commerce and mobile devices, announces that it has launched Blade, its proprietary, fully-automated, artificial intelligence (“AI”)-powered underwriting solution with predictive scoring. Blade is a software built for underwriting and on-boarding of new merchants, reducing potential…

Unique Positioning Dominates Merchant Services Marketing

In December 2018, Square declared it would re-file regulatory paperwork to run a banking business. “Square Capital is uniquely positioned to build a bridge between the financial system and the underserved,” said Jacqueline Reses, head of Square Capital. Square is not the only merchant point-of-sale (POS) company attempting to sway apothecaries and farm stands alike away from commercial banks. Companies leveraged targeted social media campaigns to build relationships with small businesses, and show they could offer more…