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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.
New York-based At-Your-Service Software is updating its ReciProfity food costing software to better serve retail food service clients. The cloud-based software enables invoice scanning and input by email, saving operators up to five hours of labour per week. The software is tailored to the needs of retail food service, which […]
Have you ever heard of a “ghost kitchen”? A few are open and operating throughout Austin, so KXAN looked at how they impact the local food industry. Ghost kitchens, also known as cloud kitchens or dark kitchens, are food production units built to prepare food specifically for delivery. The concept […]
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 […]