Toast has added a new labor management solution to its global technology platform for restaurant and retail operators, the company said in a Tuesday (Oct. 6) press release. The new Toast IQ Team includes a sales forecasting tool that helps operators plan staffing around anticipated demand, a Scheduling Agent that builds...
McDonald’s is testing placing ads from other brands on the digital menu boards in its drive-thrus and in its restaurants, Bloomberg reported Tuesday (Sept. 22). The ads are shown after customers place their orders and can be viewed while customers wait for their meals, according...
Square and restaurant tech provider OpenTable expanded their partnership to enable restaurant operators to manage reservations, payments and guest data on Square software and hardware, giving operators a more complete understanding of their guests, according to a Tuesday (Aug. 18) press release. The enhanced integration...
inKind secured another $414 million in financing for its restaurant commerce platform, the company said in a Monday (Aug. 10) press release. The company raised this in an oversubscribed second financing tranche that brings its total capital raised to more than $1.2 billion, according to...
As platforms expand the services they offer merchants, financing is emerging as a feature that can be delivered through the same software businesses use every day. The PYMNTS Intelligence report “The Embedded Finance Scale Factor: How Firm Size Shapes Strategy, Technology and Partnership Decisions” found...
Starbucks is developing in-house systems that could replace software it buys from Big Tech companies, Bloomberg News reported Thursday (July 9). The coffee chain is working on alternatives to a system from Microsoft that monitors inventory as well as a maintenance management tool from IBM,...
DoorDash has not yet announced the launch of a point-of-sale (POS) device. But such a move could pose a threat to restaurant-focused payments companies like Toast, Bloomberg News reported Tuesday (May 12), citing an analysis from investment advisor Rothschild & Co Redburn’s Dominic Ball. “While it may appear early to...
Wonder plans to offer an artificial intelligence tool that will enable people to create restaurants that will operate through Wonder’s existing infrastructure that offers meals from different restaurants within each location. Speaking at The Wall Street Journal’s Future of Everything event, Wonder founder and CEO...
PYMNTS tried ordering food through ChatGPT. Getting a pizza from Little Caesars took longer than driving to pick one up. Starbucks and Little Caesars launched apps inside ChatGPT this month. Both brands are betting consumers will order food the same way they already plan meals...