Lightspeed Payments for Golf features new
hardware and seamless, integrated payments technology from booking
to the pro shop and hospitality services
MONTREAL, July 13,
2022 /CNW Telbec/ - Lightspeed Commerce Inc.
(NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for
merchants around the world to simplify, scale, and create
exceptional customer experiences, today announced the launch of
Lightspeed Payments for Golf. This expansion advances Lightspeed's
commitment to bring seamless, integrated payments to its customers
globally across products and industries.
"Payment processing has historically been fragmented and costly
for golf operators. Managing a business comes with a myriad of
responsibilities, and operators see value in being able to
consolidate where their services come from. Lightspeed provides a
complementary set of tools and services that alleviate these pain
points for modern golf courses and resorts," said David Hope, General Manager, Golf. "Lightspeed
Payments will help our customers streamline their online and
physical revenue centers under one integrated payments technology
while offering built-in reporting and administrative tools right in
Lightspeed Payments is an easy-to-use integrated payment
processing solution that empowers merchants with more insights
about their business and customers while providing the ease and
time savings of working with a single vendor across software with
embedded payments. The continued expansion of Lightspeed's
integrated payments solution is core to their strategy of
simplifying the customer experience.
"This expansion equips our Golf merchants with the same caliber
of payment technology available to major global enterprises from
directly within their Lightspeed commerce platform. This gives them
more data, resources, and most importantly, time back in their day
to focus on their business and their passion," said General
Manager, Payments Jona Georgiou.
Key features of Lightspeed
Payments for Golf include:
- Frictionless, faster processing at competitive rates: Save on
payment processing fees across an entire golf operation (online or
in-store, tee time bookings, pro shop, or hospitality).
- Comprehensive reporting and robust analytics that interact
directly with Lightspeed Golf: access accurate, easy-to-read
reports faster with native reporting.
- Manage your business in one place: simplify your operations
with a one-stop solution for payment processing and POS software to
improve booking and check-in for staff and golfers.
- Receive free, personalized support from one provider.
- Reduce no-shows with the option to require pre-payment
- Enhanced payment security backed by a global network: EMV,
tokenization, and end-to-end encryption. A single source for
operational support with chargebacks, fraud, and customer queries.
Flexibility with a range of localized payment options, as well as
access to Lightspeed Capital for those who qualify.
Fairways Golf saved on POS
operational costs by switching to Lightspeed Golf
For over 10 years, Fairways Golf Membership has prided itself in
being Ohio's best value option for
golfing. Offering accessibility for golfers at Mallard Creek, Pine
Brook, Briarwood, and Hinckley Hills Golf Clubs, Fairways Golf
Membership has a goal to grow the game of golf.
By signing up with Lightspeed, Fairways received a complete
commerce solution that helps them operate their restaurant and pro
shops all from a single provider. Additionally, with Lightspeed's
transparent payments pricing, Fairways was able to significantly
reduce processing costs. Neil
McGrew, Director of Sales and Marketing, knew he needed a
POS that could manage four busy golf courses from the restaurant to
the pro shop. Not only did Lightspeed cost significantly less than
their previous system, but it allowed Fairways to offer fast and
contactless transactions at every facility. "Lightspeed Payments'
new card readers are fast and easy to use—whether the card's
inserted or using the tap to pay feature," said McGrew. "This is a
benefit to help us run daily operations more efficiently to keep
the experience enjoyable for all."
As commerce becomes increasingly digital and consumer-driven,
integrated payments are a cornerstone that connects systems and
software to keep a business running smoothly. This integration
allows omnichannel merchants to process payments quickly online and
off, and streamline their business operations all from a single
commerce platform, with premium analytics, reporting,
reconciliation, and resources to win chargeback disputes and
recover lost sales at no added cost.
Visit Lightspeed's website to learn more about Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale, and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions, and connection
to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange
(NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams
across North America, Europe, and Asia
Pacific, the company serves retail, hospitality, and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com
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This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed's product offerings and planned
product roadmap. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
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Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profile
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
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SOURCE Lightspeed Commerce Inc.