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TechBullion
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The Best POS systems For Restaurants
- POS systems are dedicated computer terminals or handheld devices that let retailers or businesses to integrate their sales to customers and consumers.
- For restaurants, noting down the orders of customers is extremely important.
- With a POS, restaurants are able to connect up and down their supply chain.
- POS offer other advantages too, such as integrating the food store and predicting sales.
- The POS systems also allow managers to keep in check the cash, sales flows, employees, and customer data.
- Today, there are a number of different POS systems available for restaurants.
- TouchBistro, Upserve, Toast, Cake POS, and Shopkeep are some of the best restaurant POS systems.
- TouchBistro is a flexible system that allows for various options for $69 per month.
- Upserve software and computers integrate all types of working and data for $99 per location.
- Toast is a cloud-based POS that also gives an option of using the system on a handheld device for $89 per month.
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Fintechnews
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Mastercard to Phase Out Passwords by 2030 with Biometrics, Tokenisation
- Mastercard plans to eliminate manual card entry and passwords for online checkout procedures by 2030.
- They aim to achieve this through tokenisation and biometric authentication like fingerprints and facial recognition.
- The system aims to address concerns about online fraud and improve the cumbersome checkout process.
- Mastercard is collaborating with various stakeholders to achieve this goal.
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TechBullion
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Redefining Eco-Investments: UltraverseNFT’s Sandalwood NFTs Merge Digital Finance with Sustainable Forestry
- UltraverseNFT introduces Sandalwood NFTs, merging blockchain and sustainable forestry.
- Each Sandalwood NFT represents ownership of a real sandalwood tree.
- Limited edition offering of 500,000 Sandalwood NFTs, offering a rare chance for eco-conscious investment.
- UltraverseNFT sets a new standard by linking NFTs to tangible assets, promoting responsible and eco-friendly investments.
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Fintechnews
2h
276
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Nuvei Gets Regulatory Green Light to Go Private
- Canadian payments firm Nuvei Corporation has received regulatory approvals to go private.
- The company will be acquired by Neon Maple Purchaser Inc., in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ.
- The transaction is valued at approximately US$6.3 billion and is expected to close on or around 15 November 2024.
- Shareholders approved the buyout, and key stakeholders will retain significant equity in the privatised company.
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Pymnts
3h
104
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Report: OpenAI Proposes US-Led Global Alliance to Build AI Infrastructure
- OpenAI proposes the formation of a US-led global alliance to build AI infrastructure.
- The proposal aims to revitalize the American Dream and compete with China's AI efforts.
- OpenAI suggests starting the collaboration with the US and neighboring countries, expanding to include allies.
- The alliance would focus on talent, financing, and supply chains needed for AI.
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Pymnts
4h
126
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Vroom Files for Bankruptcy, Says Subsidiaries Not Expected to Follow
- Automotive finance company and digital services platform Vroom has filed for Chapter 11 bankruptcy.
- Vroom plans to operate as a 'debtor-in-possession' under the jurisdiction of the bankruptcy court.
- The company's subsidiaries, including United Auto Credit Corp. and CarStory, are not expected to file for Chapter 11.
- Vroom aims to eliminate its unsecured notes and expects to emerge from the prepackaged Chapter 11 case by the end of the year or early 2025.
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Pymnts
4h
150
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OpenAI, Australia and EU Each Push Own AI Regulations
- Australia commits to strict oversight of AI, similar to European Union regulations.
- EU launches targeted consultation to develop guidelines for the AI Act.
- Australia stands firm on developing AI and social media regulations despite potential pushback from incoming Trump administration.
- OpenAI plans to present an ambitious national infrastructure blueprint in Washington to keep America competitive in the AI race.
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Pymnts
5h
137
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Coinbase Acquires Utopia Labs Team to Accelerate Onchain Payments Roadmap
- Cryptocurrency exchange Coinbase has acquired the Utopia Labs team to accelerate its onchain payments roadmap within Coinbase Wallet.
- The Utopia Labs team has been building onchain payments products for years and will join Coinbase to bring low-cost, fast, and global payments to everyone.
- Utopia Labs products will be shut down as the team focuses on accelerating onchain payments at Coinbase.
- Coinbase aims to improve user experience as stablecoins continue to grow and enhance crypto's utility within payments.
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Pymnts
5h
251
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Digital Wallet and eCommerce Growth Drive Paysafe Merchant Solution Sales
- Shares of Paysafe slumped 25% after reporting earnings that missed expectations.
- Merchant solutions volumes were up 8% to $32 billion with revenues of $241 million.
- Digital wallet volumes increased by 5% to $5.9 billion with revenues of $191 million.
- Paysafe is collaborating with Revolut to expand its e-cash service, expecting increased adoption and expansion to other markets.
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TechBullion
6h
291
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Google’s November Core Update Shakes Rankings
- Google's November Core Update, rolled out on November 11th, 2024, has caused ranking fluctuations.
- The update aims to improve search result quality and prioritize content useful to users.
- Websites should shift toward people-first content strategies and focus on high-quality, user-centric content.
- The impact of the update may take weeks to observe, but implementing these strategies can lead to long-term success.
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Fintechnews
1h
35
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‘Finfluencers’ Must Be Licensed When Providing Financial Advice, Says MAS
- The Monetary Authority of Singapore (MAS) received fewer than five complaints annually over the past five years regarding online 'finfluencers.'
- Complaints mostly concerned individuals who did not provide financial advice and were not regulated by MAS.
- Financial institutions using finfluencers for advertising must ensure clear and balanced presentation of information, including key features and risks.
- Finfluencers providing financial advice must be licensed under the Financial Advisers Act.
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TechCrunch
1h
366
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Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
- Dutch investor Prosus plans to list fintech firm PayU in 2025, with a valuation initially planned between $5 billion and $7 billion.
- PayU, which is wholly owned by Prosus, recently received approval to operate as a payment aggregator in India.
- PayU competes with Razorpay and PhonePe in India's digital payments market.
- Prosus is an investor in several Indian startups and expects more portfolio companies to go public within 18 months.
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The Fintech Times
2h
68
DCS Card Centre Forges Partnership With Dyna.Ai to Incorporate AI Capabilities Into Services
- DCS Card Centre partners with Dyna.Ai to incorporate AI capabilities into services.
- The partnership aims to enhance customer experience and operational efficiency in the financial services sector.
- DCS Card Centre plans to leverage Dyna.Ai's AI technology to 'future-proof' the financial services environment.
- The partnership will also expand Dyna.Ai's AI capabilities into marketing calls and app enhancements.
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Fintechnews
2h
46
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Crypto Confidence High Among Singapore Institutional Investors, Sygnum Survey Finds
- 57% of institutional investors in Singapore plan to increase their long-term crypto investments, higher than the global average of 47%.
- Confidence in the long-term potential of cryptocurrencies and diversification benefits drive increased allocations.
- Barriers to institutional crypto adoption in Singapore shift, with security and custody concerns surpassing regulatory clarity.
- Layer-1 solutions and Web 3.0 infrastructure are attractive investment sectors for Singapore-based investors.
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Pymnts
6h
249
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Report: Meta Plans to Add Advertising to Threads
- Meta plans to add advertising to its social media platform, Threads.
- The initiative will be led by Meta's Instagram ad unit, with a small number of advertisers allowed to publish on Threads starting in January.
- Threads, a text-based social media platform built by Meta's Instagram team, gained over 175 million monthly active users in its first year.
- In an earnings report, Meta revealed its total advertising-related revenues of $39.9 billion in Q3, with ad impressions growing 7% year over year.
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