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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.
Le Fantome is a new Riverdale, Washington D.C. food hall that opened on August 22nd. It has three consumer-facing stalls, a bar, and seven ghost kitchens, which are not accessible to the public. Ghost kitchens are food businesses that only offer delivery and pickup options through third-party apps such as […]
Segment players may need brand awareness and expanded access points to thrive after a year of dashed expansion plans, closures, and high-profile regulatory infractions. Ghost kitchens, delivery-only restaurants, gained popularity in 2020 and 2021 with significant company funding. However, issues such as low unit volumes, operational difficulties, and permitting problems […]
Inter-city version’s average order value is over Rs 950 – around 2.5 times that of intra-city food deliveries. Currently, 30 percent of the users ordering daily are repeat customers. Zomato plans to expand its inter-city food delivery feature to about 5-10 cities over the next few months but not without […]
PITTSBURGH, Sept. 26, 2022 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC’s digital resources and […]
Kiosks eliminate the need to roster more staff or hire temp workers during rush hours. With stalls, QSRs will see a sizable contraction in labor costs. Inflation is a rise in prices and a decrease in the purchasing value of money. According to the Federal Reserve, a healthy inflation rate […]
There are several trends in the software development industry at present: Looking to the future, it is likely that these trends will continue to shape the software development industry. In addition, there may be an increased emphasis on sustainability and ethical considerations in software development, quantum computing, and other emerging […]
Economists define a recession as two consecutive quarters of decline in the gross domestic product (GDP). The media defines it as anything that has tragic newsworthiness. Politicians only see recession when the other party is in power. Restating an old joke is a slowdown when your neighbor loses his job. […]
As some restaurants consider shutting down due to staffing shortages, the social experience of going out to eat may become harder to come by. Despite fears of a slowing economy driven by rising inflation and interest rates, the War for Talent still rages in the U.S. There are more than […]
The company’s latest multi-restaurant delivery hub is a new take on the format. DoorDash is continuing to tinker with ghost kitchens. Its latest effort is a delivery-centric Brooklyn food hall that offers seating and the ability to order from multiple restaurants simultaneously. It’s the company’s third DoorDash Kitchens location and […]
Digitization of the city is heralded as the bottom-up empowerment of its citizens. But who defines citizenship as digital technology infiltrating everything from personalized experience to the unimagined potential of networked urban space? Mark Dean unpacks recent academic literature that questions citizens’ rights in the hyper-connected city. Improving the smart city for […]