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).
Tobias Bauer, CEO & President of Rolling Stock at Siemens Mobility North America, shares insights on a $220M investment reshaping U.S. rail infrastructure.
Kory Kantenga from LinkedIn unpacks how the US added nearly 3x the expected jobs in March, and whether it can last as the Iran war reshapes the economy.
U.S. Air Force pilot Tyler Lucas beat 199 competitors on Beast Games Season 2 to win $5.1M. He joins us live to share how discipline and loyalty won the game.
Osier founder Cheree Ashley spent a decade building recovery programs & now she's channeling that mission into skincare with Selling Sunset's Sandra Vergara.
Genesis just committed to 22 new vehicles by 2030. The brand's COO joins us live to break down their luxury takeover, NY Auto Show reveals, and what's next.
Super League is redefining brand advertising, inside Roblox and Minecraft, reaching 300M gamers with results traditional ads can't touch. Here's how they do it.
