Wallets/toast
Toast
0 standards supported
Overview
Toast is a restaurant-specialized cloud POS + payments platform that combines Android-based POS hardware, an integrated payment-processing layer, and a deep software stack for ordering, kitchen display, online ordering, loyalty and payroll [1, us-cro]. Unlike horizontal acquirers, Toast is vertically focused on restaurants and food service, monetizing both software subscriptions and payment processing.
Toast IPO'd on the NYSE (TOST) in 2021; by the mid-2020s it served ~140,000+ restaurant locations and processed a multi-tens-to-hundreds-of-billions annualized gross payment volume.
History
2012 — Toast founded in Boston by Steve Fredette, Aman Narang and Jonathan Grimm, initially as a consumer payments app before pivoting to restaurant POS [2].
2014-2020 — Restaurant POS + payments growth; the integrated hardware + software + payments bundle gained share against legacy POS vendors.
2020 — COVID pivot to online ordering, contactless and delivery integrations accelerated adoption.
2021 — NYSE IPO (TOST); subsequent expansion into the UK and Ireland.
Ownership & operator
Operating entity: Toast, Inc. (NYSE: TOST).
Founders: Steve Fredette + Aman Narang + Jonathan Grimm.
Regulators: US payments via FinCEN + state money-transmitter regimes, with card processing through banking/sponsor partners.
Technical integration
| Layer | Description |
|---|---|
| Channels | Restaurant POS terminals + handhelds + kiosks + online ordering + guest app + developer API |
| Identifiers | Card (chip + contactless) + NFC wallets (Apple Pay / Google Pay) + QR order-and-pay |
| Hardware | Ruggedized Android POS hardware built for restaurant environments |
| Software stack | Ordering, KDS, online ordering, loyalty, gift cards, payroll, capital/lending |
| Merchant focus | Restaurants + food service (vertical specialization) |
Implementations & partners
Operator: Toast, Inc.
Integrations: delivery marketplaces, accounting, reservations, and a partner/developer ecosystem.
Card networks: Visa, Mastercard, Amex, Discover + NFC wallets + QR pay-at-table.
Competitors: [[square]] (Square for Restaurants), [[clover]] (Fiserv), plus legacy restaurant POS vendors.
Regulators: FinCEN + state money-transmitter regimes (via banking partners).
Status
Active, the leading restaurant-vertical cloud POS + payments platform [1, 2]:
- Toast, Inc. (NYSE: TOST) since 2021 IPO.
- ~140,000+ restaurant locations served.
- Integrated POS hardware + software + embedded payments.
- FinCEN + state money-transmitter regulated (via partners).
Sources
- 1 Toast — official
- 2 Toast, Inc. — Wikipedia
- us-cro In-corpus: see US country report
Source
Biography extracted from toast.md. See matrix.md for standards-support matrix if present.