Financial services

PNC Financial Services acquires point-of-sale company

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PNC Financial Services Group, a diversified financial services company, recently purchased Linga, a point-of-sale (POS) and payments solutions company.

Linga developed a cloud-based POS restaurant operating system in the early 2000s to help customers increase revenue, streamline operations, and improve customer experience. It has added features over the years, including virtual kiosks, QR code-based menus, online ordering, and payments. The company serves retailers, restaurants and the hospitality industry.

The purchase allows PNC to further expand its digital resources and better serve its customers in the hospitality industry.

“This acquisition reflects our continued commitment to expanding our enterprise payment capabilities, as well as investing in the solutions and tools our customers need to run their businesses more efficiently,” said Emma Loftus, Manager and Vice- Executive Chairman of PNC Treasury Management. “By leveraging Linga’s proprietary solutions and PNC’s competitive cash management platform, we will be able to provide our restaurant and retail customers with the tools they need to meet ever-changing consumer expectations. .”

Onur Haytac, Founder and CEO of Linga, Linga’s management team and employees based in the United States and Canada will be part of PNC’s digital solutions ecosystem.

Linga will continue to operate from Naples, Florida and Toronto.