Block Inc (SQ)

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Square to manage concessions payments, POS at Indy 500
May 24, 2019
Square is now the Indianapolis Motor Speedway's payment and point-of-sale provider where it will process concessions purchase for more than 300,000 fans of the Indianapolis 500, according to a company press release.

The agreement would allow fans to pay with all major credit cards, as well as the Apple Pay and Google Pay mobile wallets. The venue, which has about 500 concessions stands, previous were cash only at most of the locations.



"Square is excited to be working closely with the Indianapolis Motor Speedway team to eliminate long lines and 'cash only' signs,"Jesse Doroguser, head of hardware at Square said the release. "Square will help their concessions sellers more than double their ability to accept credit cards, while giving valuable time back to their spectators.”

Under the agreement, hawkers at the race will now be able to accept card payments for the first time. The agreement marks the second sports stadium deal by Square this year, following an agreement announced in March with the Washington Nationals to accept in-seat ordering and order-ahead concessions.

https://www.qsrweb.com/news/square-to-manage-concessions-payments-pos-at-indy-500/