Modern Restaurant Management

DECEMBER 12, 2022

Restaurants (just like anywhere that accepts card payments), have always been a target. Many embraced takeaway delivery services, and had to establish new ways to process customer payments from a distance. As such, restaurants can continue to expect to see occasional swipe payments. In its wake, plenty of those changes remain.

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Modern Restaurant Management

APRIL 22, 2022

In the hospitality industry, QR codes are currently all the rage as they are practically e-commerce payments. Different innovative payment methods are being leveraged to increase food services efficiency in fast-food joints to fine dining. QR Checkout vs. Touchless Payment Solutions. Here’s what’s expected.

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Modern Restaurant Management

MAY 18, 2023

Accepting fast payments has, after all, always been crucial in hospitality businesses. Below, we’ll examine the state of payment security in the hospitality industry. How do payments at the point of sale work – and how safe are they, really? Card payments, then, aren’t just growing. And, if so…how?

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Modern Restaurant Management

OCTOBER 12, 2023

Both legacy restaurants and newer establishments can agree that the literal cost of doing business from payment processing can severely hamper revenue growth from the first sale. Restaurants must carefully choose their payment processing partners and payment methods to minimize these costs.

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Modern Restaurant Management

AUGUST 2, 2021

But for restaurants, especially those with multifaceted operating models, payments integrations with third-party service providers can lead to complex settlement and funding requirements. To make sure everyone is in sync, it’s important that restaurants have the right tools to help with payments reconciliation easy and simple.

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Modern Restaurant Management

MARCH 2, 2023

It can also be the enemy of payment processing cost efficiencies and the ability to deliver a satisfying customer experience (CX). For consumer-facing services and experience providers, the lack of a cohesive, thoughtful payments strategy can exacerbate their CX challenges and operating costs. What is your payments strategy?

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Modern Restaurant Management

SEPTEMBER 16, 2021

Another touchless feature many restaurants are adding to their operations is payment methods. Here are some of the benefits and drawbacks of implementing a touchless payment system into your operations, so you’re better able to decide if it’s right for your restaurant. Rising Popularity of Touchless Payment Methods.

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Modern Restaurant Management

MARCH 15, 2022

People use cryptocurrency for quick payments, anonymity, investments or to sidestep transaction fees charged by banks. As payments evolve, consumers adapt and restaurants must meet them there. Why the Crypto Craze? Loyalty Benefits. Cryptocurrency presents a chance to break the traditional rules around loyalty platforms.

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Modern Restaurant Management

MAY 5, 2023

In this article, we’ll look at how payments technology has evolved over the last few years and became an important ally for restaurants that want to level up their customer experience and their revenue while handling the busiest days of the year. A recent Paysafe study with 200 U.S.

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Modern Restaurant Management

NOVEMBER 8, 2021

The rise in popularity of contactless payments can mean leaner operations, happier staff, and – most importantly – happier customers. That, in turn, forced the acceleration of adoption of contactless ordering and payment options from both the consumer and the restaurant sides of the business.

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Modern Restaurant Management

JULY 21, 2021

Unfortunately, what many franchises often lack in providing is a unified payments system. The pandemic saw many quick service restaurants (QSRs), which are very often franchises, adopt a hybrid model of payments acceptance. Standardize Payments Technologies. Unify Online and Offline Experiences. A Single Onboarding Experience.

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Modern Restaurant Management

OCTOBER 12, 2020

Now more than ever, as restaurants begin to reopen it’s important for them to introduce contactless payment options to quell customers’ and employees’ fears surrounding cash exchanges and indoor dining. But what does a dining experience look like without cash? These tablets allow for bills to be paid with NFC technology.

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Modern Restaurant Management

SEPTEMBER 1, 2020

Hospitality operators are rapidly turning to contactless ordering and payment solutions to help navigate the long road back to normal from COVID-19’s impacts. According to a recent study by Mastercard , “79 percent of respondents worldwide say they are now using contactless payments, citing safety and cleanliness as key drivers.”

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Modern Restaurant Management

OCTOBER 27, 2020

For years, hospitality businesses including restaruants have faced the challenges of using a paper-reliant process for both domestic and international payments. Limit Paper Use and Multiple Payment Efforts. The “paper problem” is usually what instigates businesses to begin looking for alternative payment methods.

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Modern Restaurant Management

JUNE 1, 2021

Now, orders are still being placed via phone, but calls have been swapped out for texts, mobile apps or online, cash registers have been upgraded to more robust technology systems, and contactless payment options are all the rage. Digital Payments, More Money Faster. It’s time to retire the phrase “cash is king.”

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Goliath Consulting

MARCH 28, 2022

Since the pandemic, restaurants and other businesses have adapted to many changes throughout the years, and this includes payment methods. Since then, different ways of paying have changed to contactless payments, paying through crypto, and more. Trending Payment Methods. This is also an example of a contactless payment method.

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Focus POS

NOVEMBER 8, 2021

4 Restaurant Payment Processing Trends. Over the past two years, restaurants have seen significant changes in how customers pay, shifting away from legacy processes to online and touchless payments. While a few years ago, customers were content to pay with cash or credit cards, customers have now grown to expect more payment options.

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Open for Business

NOVEMBER 21, 2022

When it comes to payments, the more convenient and seamless the experience for guests, the better. That’s why restaurants are increasingly adopting contactless payment systems. Here’s what you need to know about contactless payment systems if you own or operate a restaurant. What are contactless payment systems?

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Lavu

OCTOBER 24, 2022

You can do that by offering frictionless payments. A survey by PYMNTS found, “97% of top performing restaurants offer digital wallet payment capabilities, while only 53% of bottom performers do the same.” Is your restaurant keeping up with this trend and offering frictionless payment options? What Are Frictionless Payments?

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Margin Edge

MAY 29, 2023

This post was written by iControl , the the only third-party payment solution in the food and beverage industry that handles alcohol payments, scan-based trading and accurate point of sale data all in one solution. iControl has been a payment processing solution in the food and beverage industry for over a decade.

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Tableo

JULY 19, 2023

Customers expect convenience and efficiency in all aspects of their dining experience, including the payment process. This article examines the development of pay-at-table technology and how it has revolutionised restaurant payments. Pay-at-table technology offers clients convenience, speed and control over the payment process.

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Foodable

APRIL 12, 2022

Bitcoin Set to Invade Restaurant Payments" on Spreaker. Mobile payment app Strike has partnered with Shopify, alternative payment provider Blackhawk Network, and point-of-sale supplier NCR to create a new US payment system that allows merchants to quickly receive payments in dollars after people pay with crypto.

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The Eat Restaurant

MAY 17, 2023

Eat App, a leading provider of restaurant reservation and management solutions is excited to announce its integration with Spades, a cutting-edge digital payment solution.

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Get Beyond

AUGUST 25, 2023

Processing and keeping track of healthcare payments can be a drain on an office’s resources. From manually onboarding new patients, tracking payments, and properly monitoring payments, the process can be tedious, if not challenging for a medical practice to keep track of.

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Lavu

OCTOBER 24, 2022

… Speed Up Service with Frictionless Payments at Your Restaurant Read More ». The post Speed Up Service with Frictionless Payments at Your Restaurant appeared first on iPad Point of Sale System for Restaurants, Bars & More.

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Focus POS

DECEMBER 8, 2020

With so many mobile payment solutions available, figuring out which option is the right fit can leave restaurant owners feeling stressed out and lost in the abyss of mobile payment options. Here are some features you should consider when determining what mobile payment solution is best for you. Touchless . Integrated .

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Modern Restaurant Management

MAY 29, 2020

With strict state guidelines in place, restaurants are quickly adapting their hospitality experience to accommodate new health and safety protocols, including the physical distancing between people, the prudent use of sanitizer and facemasks, and all things touchless – including the payment process.

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Lavu

JANUARY 27, 2020

Contactless payment systems launched in 2007 , yet they are only recently viewed as serious alternatives to cash or cards in the United States. Since more and more consumers are setting up contactless payment options though, it only makes sense that businesses start adapting them too. . The Benefits of Contactless Payment Systems .

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Lavu

FEBRUARY 24, 2020

Over recent years, restaurants have been diversifying their payment methods. Apart from accepting cash and card payments, mobile payments have grown to be the next big thing. More restaurants are now accepting digital payments like Google pay, Apple Pay, and Samsung Pay at their checkouts. . What is Mobile Payment?

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Restaurant Business

JUNE 5, 2023

Businesses might still be writing checks, sending payments out via mail and juggling paper receipts—all steps that take extra time and can lead to extra expenses. Using a credit card consistently can speed up processes and help protect businesses from fraud, since checking account numbers aren’t shared with each payment. Earn rewards.

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Cash Management Small Business 2023 Equipment 81

Modern Restaurant Management

OCTOBER 11, 2023

Consumer expectations have also changed when it comes to making payments, demanding a quick, seamless, and sometimes even invisible, experience at checkout. The good news is that restaurant owners can streamline the checkout process and increase operational efficiencies by leveraging the latest payment technology. trillion by 2025.

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Izettle

SEPTEMBER 1, 2020

However, contactless payments are continuing to play a big part in moving towards a healthier and safer future. Contactless/NFC payments and mobile wallet usage have both been on the rise for quite some time but the COVID-19 situation will likely take that to new levels, as wary customers do whatever they can to avoid exposure to the virus.

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Lavu

SEPTEMBER 6, 2022

The payment confirmation is shared directly with the server, a receipt automatically prints at the terminal, the payment is processed seamlessly and it is funded to the restaurant’s bank account. 60% of Up ‘n go’s payments are via digital wallets. 60% of Up ‘n go’s payments are via digital wallets.

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BNG Point of Sale

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks . Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. Your payment processor can assist you with PCI compliance. . Use a Secure Payment Gateway .

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BNG Point of Sale

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks . Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. Your payment processor can assist you with PCI compliance. . Use a Secure Payment Gateway .

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Online Ordering Customer Service Small Business Presentation 52

OneDine

NOVEMBER 1, 2023

The payment landscape in the modern world has undergone a significant transformation, with traditional payment methods giving way to more innovative and convenient options. In fact, a recent study found that more than 51% of Americans now utilize some form of contactless payments.

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BNG Point of Sale

FEBRUARY 4, 2022

A Guide to Wireless Credit Card Payment Processing. Once a customer's payment is read by one of these terminals it will then contact their bank in order verify if there are enough funds available for purchase before complete transaction processing. traditional credit or debit card payments.? . Wireless Credit Card Processing.

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