Payment processing platform WePay is teaming up with TouchBistro, a point of service software for restaurants, to cook up innovation in the dining industry -- one that hasn’t really changed with the times.
“It’s only really recently that we’re seeing a lot of innovation there,” Bill Clerico, Co-founder and CEO of WePay, told Cheddar on Monday.
“The ability to order food ahead and pay at the table and see a menu on an iPad, those are some really cool things that are shaking up this old industry.”
The partnership was announced last week and, according to Clerico, it isn’t going to angle for the same slice of the market as competitors like Square.
“Square is really focused on the smaller restaurants, the smaller retailers,” explained Clerico. “Where we see TouchBistro play is sort of larger restaurants that need more sophisticated systems to manage a larger operation.”
“This market is massive and there are different competitors playing in different parts of that market.”
The partnership will roll out an instant payment processing system and an integrated mobile payment device so that customers can pay at the table.
Additionally, TouchBistro will be able to tap into the vast network of businesses that bank with Chase, which owns WePay.
For the full interview, [click here](https://cheddar.com/videos/cooking-up-innovation-in-the-restaurant-space).
If you wince at the grocery store checkout, you’re not alone. Wall Street Journal reporter Jesse Newman breaks down why prices are so high – and not going down anytime soon.
An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. (Getty Images)
Glen Smith, CIO at GDS Wealth Management, shares how investors can allocate their assets as the market broadens and why he’s eyeing June for the first potential rate cut.
After years of price increases for cars and trucks in the United States, costs are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle.
Missed out on the Nvidia wave? Oh course you did — you’re reading this article aren’t you, instead of luxuriating on a white-sand beaches of Bali. But here are at least four other promising semiconductor stocks to add to your portfolio.
Fresh off a successful funding round, co-founder of Lapse Dan Silvertown shares thoughts on regulation, privacy, and why the money for great startups is still out there.
