Connected economy: Samsung, Dish Team on 5G

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Today in the Connected Economy, Samsung strikes a deal with Dish to sell gear for its soon-to-launch US 5G network.

Additionally, restaurant software company Toast is launching a tool for hotel restaurants and Paysafe is expanding its ongoing partnership with Visa.

Samsung agrees to supply Dish Network 5G equipment

Samsung has signed a multi-year deal to sell equipment to Dish for its US 5G network, marking one of the Korean cellphone maker’s biggest radio deals since it landed a contract with Verizon in 2020.

“This is a more than $1 billion deal for Samsung Networks,” Alok Shah, vice chairman of Samsung, said in an interview with Reuters. “We will ship our first products to Dish later this year.”

Dish has yet to launch the network, but has promised regulators it will cover 20% of the US population by June and at least 70% by mid-2023.

Toast unveils a tool for hotel restaurants

Restaurant software provider Toast has launched Toast for Hotel Restaurants, an offering that integrates with hotel property management systems to help hotel restaurants run more smoothly and improve payments.

“Hotels are adding more curated dining and beverage experiences, but they often lack the ability to let guests order and pay on their own terms at hotel properties,” said Aman Narang, President and Co-Founder. of toast.

The company says many hotels and resorts are working with disconnected technology to handle crucial front office tasks such as check-in and check-out, billing, and on-site food and drink orders.

Paysafe collaborates more with Visa Direct on real-time payments

The Paysafe payment platform strengthens its relationship with Visa to continue the integration of the Visa Direct real-time push payment solution.

The company said it will offer Visa Direct to traders, exchanges, operators and other online businesses in the UK and Europe where speed of settlement is critical, such as with FX trading, cryptocurrency or online gaming. line.

ThetaRay partners with Qolo to fight financial crime

AI-based cybersecurity company ThetaRay has partnered with omnichannel B2B payments startup Qolo to uncover and prevent financial crimes through Qolo’s organized payment services.

The deal will see Qolo integrate ThetaRay’s anti-money laundering (AML) SONAR SaaS solution to monitor transactions such as worker disbursements and multi-currency business processing for new and existing customers.

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022

On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.

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