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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.
Deep linking refers to using a uniform resource identifier (URI) to link directly to a specific, generally searchable or indexed, location within a mobile app rather than simply launching the app’s homepage. It acts as a bridge between the web and apps, allowing users to jump directly to a specific […]
Target has recently decided to shut down nine of its stores located in major cities. The primary reason for this move is the continuous large-scale theft occurring at these locations. This action by Target indicates the challenges retailers face in their ongoing fight against an escalating and complicated issue. Key […]
The ghost kitchen industry, which saw a surge in popularity and investment during the pandemic, seems to be facing a downturn. Between 2020 and 2022, startups in this sector attracted over $3 billion in venture capital, with companies like Reef Technology and CloudKitchens, founded by Uber’s Travis Kalanick, securing a […]
Catapult Concepts, spearheaded by Jake Schostak, is revolutionizing the virtual restaurant space by introducing a new operational model emphasizing simplicity and efficiency. Schostak, who has a rich background in the restaurant business, including roles at Chipotle and Sweetgreen, founded the company to address the challenges faced by independent restaurants, especially […]
Tray, a cloud-based point-of-sale (POS) provider that operates on legacy hardware has announced a strategic partnership with Alraedah Digital Solutions, a Saudi Arabia-based digital solutions provider. This collaboration aims to cater to the needs of small and medium-sized enterprises (SMEs) and larger clients across various industries in the MENA region, […]
The Canadian Food Innovation Network (CFIN), a non-profit organization, is at the forefront of fostering innovation in Canada’s food industry, helping to grow the economy through collaborations, investments, and connections across the food ecosystem. The organization is keen on translating insights from its Innovation Advisory Council and members into funding […]
Singapore’s Food and Beverage (F&B) sector is grappling with a significant workforce shortage exacerbated by the COVID-19 pandemic. Despite the challenges, the industry saw a net increase of nearly 1,500 new companies in 2021, the highest in the past 30 years, indicating an oversaturation and intensifying competition for the workforce. […]
Nextbite, once a thriving virtual restaurant company, has faced several setbacks, including multiple layoffs and selling its technology arm, Ordermark, to UrbanPiper, an Indian company. Recently, it was acquired by SBE CEO Sam Nazarian, the leader of its former competitor, C3, marking a significant consolidation in the virtual restaurant sector. […]
Dine Brands, the parent company of popular restaurant chains Applebee’s and IHOP, has partnered strategically with Franklin Junction. This firm facilitates restaurants to flourish as virtual brands in new international markets. This collaboration will enable Applebee and IHOP to venture into fresh markets, including Japan, the Netherlands, France, and Belgium, […]
In the bustling world of food delivery, restaurants face many challenges. From manual order entries to the chaos of “tablet hell,” the road to delivery success is paved with obstacles. But fear not; we’ve got the solutions to help you streamline your operations and thrive in the digital dining era. […]