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).
While tech employees worry about artificial intelligence taking over their jobs, Microsoft says Iran, North Korea, and more U.S. adversaries are beginning to use AI in cyber spying.
The self-proclaimed "only Post who worked at Kellogg" was a military veteran who fought in World War II before inventing everyone’s favorite fruit-filled breakfast ravioli.
Kevin Gordon, Senior Investment Research Manager at Charles Schwab, shares his thoughts on how investors can take advantage of the current bull market while keeping in mind the impacts of Fed policy and inflation.
Lab-created diamonds come with sparkling claims: that they are ethically made by machines running on renewable energy. But many don't live up to these claims or don't respond to questions about their electricity sources, and lab diamonds require a lot of electricity.
Geoff Freeman, president and CEO of the U.S. Travel association, explains why other nations are outcompeting the U.S., and the innovations that would put American back on top.
Tony Drake, founder of Drake & Associates, breaks down the latest CPI report, why ‘inflation is still trending down,’ and why the Fed doesn’t want to cut rates too soon.
