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A payment system is any system used to settle financial transactions by transferring monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make exchange possible.

Scammers Extorted Restaurants with One-Star Google Reviews. Is this the New Normal?

Scammers Extorted Restaurants with One-Star Google Reviews. Is this the New Normal?

In a disturbing trend, independent restaurants across the United States, including Beverly Kim’s Parachute in Chicago, have been targeted by a scam involving coordinated one-star reviews on their Google business profiles. The scammers, claiming to be from India and in desperate circumstances, demanded small cash payments in the form of […]

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Ghost Kitchens: The Invisible Culinary Revolution

Ghost Kitchens: The Invisible Culinary Revolution

The article from USA Today delves into the burgeoning world of ghost kitchens. This phenomenon has seen rapid growth alongside the rise of food delivery services, particularly during the COVID-19 pandemic. Ghost kitchens, also known as dark or cloud kitchens, are commercial cooking spaces that produce food solely for delivery, […]

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Jerry Mai Takes the Helm at St Cloud Eating House with a Fusion of Vietnamese and Cambodian Flavors

Jerry Mai Takes the Helm at St Cloud Eating House with a Fusion of Vietnamese and Cambodian Flavors

Jerry Mai, a renowned chef celebrated for her ventures such as Pho Nom and Bia Hoi, has embarked on a new culinary journey as the consultant chef at St Cloud Eating House in Hawthorn East, Melbourne. Known for her vibrant Vietnamese cuisine, Mai is set to infuse the menu with […]

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5 Key Features of Machine Learning

5 Key Features of Machine Learning

Machine learning, a subfield of artificial intelligence (AI), is revolutionizing various industries with its ability to learn from data without explicit programming. This article from Cointelegraph delves into the five key features that make machine learning a powerful tool for various applications, from image and speech recognition to recommendation systems […]

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What is the difference between Bitcoin and blockchain?

What is the difference between Bitcoin and blockchain?

In the rapidly evolving world of digital technology, two terms often emerge as buzzwords: Bitcoin and blockchain. While they are closely related, they are not the same. Understanding the distinction between Bitcoin and blockchain is crucial for anyone interested in the digital economy, cryptocurrencies, or the future of finance. What […]

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Providoor’s Plight: $4.4 Million in Gift Cards Rendered Worthless as Company Collapses

Providoor's Plight: $4.4 Million in Gift Cards Rendered Worthless as Company Collapses

In a disheartening turn of events, the gourmet meal delivery business Providoor, which celebrity chef Shane Delia founded during the COVID-19 lockdowns, has collapsed into liquidation. This unfortunate development has left thousands of customers holding nearly $4.4 million in now-worthless gift cards. The liquidation of Providoor reveals the company’s debts […]

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From Lockdown Lifeline to Liquidation: Providoor’s Culinary Journey Ends

From Lockdown Lifeline to Liquidation: Providoor's Culinary Journey Ends

Providoor, the upscale food delivery service that became a beacon of hope for restaurant-quality meal deliveries during the pandemic’s darkest days, has announced its closure and subsequent liquidation. The company’s founder, celebrity chef Shane Delia, expressed a mix of pride for the venture’s achievements and sorrow over its end. Providoor […]

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Amazon’s Fresh Endeavor: Closing Chapters and New Beginnings

Amazon's Fresh Endeavor: Closing Chapters and New Beginnings

The E-Commerce Titan’s Physical Footprint Amazon, the e-commerce behemoth, ventured into the physical retail space with its Fresh stores. However, change is on the horizon as three of these stores prepare to close their doors. Amazon has decided to shutter three of its Fresh stores. The most notable among these […]

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Pricing and Profitability in the Ghost Kitchen Industry

Pricing and Profitability in the Ghost Kitchen Industry

How to Set Profitable Prices and Increase Your Bottom Line Ghost kitchens are a new trend in the restaurant industry. They are essentially restaurants that do not have a physical storefront. Instead, they operate solely through delivery and takeout. This model has several advantages, including lower overhead costs and reaching […]

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Strategies for Maximizing Profitability and Minimizing Risk in a Ghost Kitchen

Strategies for Maximizing Profitability and Minimizing Risk in a Ghost Kitchen

Ghost kitchens are a new trend in the restaurant industry. They are essentially restaurants that do not have a physical storefront. Instead, they operate solely through delivery and takeout. This model has several advantages, including lower overhead costs and reaching a broader customer base. However, there are also some challenges […]

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