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).
Walmart Inc. is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders.
Despite concerns about shipping delays in the Red Sea, RSM Chief Economist Joe Brusuelas says there are still reasons to be optimistic about the state of the U.S. economy.
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities dives deeper into a report by the International Data Corporation (IDC) that Apple has ended Samsung's 12-year reign as the world's largest smartphone seller.
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
