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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.
Payment processing company Stripe aims to go public within a year, using either a direct listing or private market transaction. Sources familiar with the matter revealed that the start-up is exploring its options with Goldman Sachs and JPMorgan. Stripe has suffered from the economic downturn, with its internal valuation cut […]
Coca-Cola has announced that it will work with OpenAI to explore using artificial intelligence (AI) in marketing. The drinks giant has identified several potential marketing use cases for OpenAI’s technology, which includes generative AI models that can produce original content such as images and text. The company will work with […]
The decision to close eight of the Go stores is seen as part of Amazon’s broader effort to cut costs and optimize its portfolio of physical stores. The company faces slowing sales and a worsening economic outlook and has been taking steps to curtail expenses in its grocery unit and […]
Zerocater, a business catering and food services startup, has raised $15m in Series C funding to double down on its business with a broader geographical footprint and more artificial intelligence (AI) and analytics to improve its services. Led by Cleveland Avenue, the funds will be used to expand its reach […]
The launch of a new Neapolitan pizza chain, The Pizza People, in collaboration between Bigspoon, a cloud kitchen brand, and its celebrity investor, Mouni Roy. The brand is starting with 35 outlets across 15 cities, with plans to expand to 50 outlets in 25 cities. The pizza toppings and the […]
Bolt, a one-click checkout startup, recently laid off more employees, cutting its headcount by over half since last May. The company stated that it is focusing on the long-term success of its business and its customers and is restructuring its teams to strengthen its core products. According to The Information, […]
Stripe eyes exit reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe. Stripe, the payment giant, has set a deadline of 12 months to go public through a direct listing or private market transaction. The company has reportedly approached investors […]
The Georgia state legislature is considering Senate Bill 34, which aims to standardize food delivery services in the state. The bill would require delivery services to enter into a contract with the restaurant, get permission to use the restaurant’s name or logo in marketing, maintain clean food holding areas and […]
A new Taco Bell restaurant in the Las Vegas valley is changing the fast food industry with its innovative approach to the drive-thru. The location opened about a month ago and is a “grab and go” site with two drive-thru lanes, one of which is exclusively for delivery drivers. Unlike […]
Panera guests in Webster and Greece, NY, will be among the first to experience AI Ordering in Drive-Thru. Panera Bread, a popular chain of bakery cafes, has begun testing AI technology in drive-thru lanes to improve the guest experience. With support from OpenCity, select Panera locations in the greater Rochester, […]