The article discusses how 60% of hospitality businesses are upgrading their point-of-sale systems to improve payment speed ahead of the 2025 holiday season. It highlights the growing demand for contactless payments and the need for flexible financing options as retailers prepare for increased transaction volumes.

Fiserv has acquired CardFree, a payment software platform, to enhance its Clover point-of-sale system for restaurants and hospitality. The integration will add features such as drive-through software and support for third-party services, enabling businesses to streamline their operations and improve customer experiences. Analysts predict that the acquisition's immediate financial impact will be minimal.