Remove 2021 Remove Point of Sale Remove Purchasing
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Restaurant Payments Go from Cash to Credit to Contactless – to Cryptocurrency 

Modern Restaurant Management

The value of the cryptocurrency market almost tripled in 2021 , with digital currencies having the potential to achieve returns higher than the stock market. For instance, Landry’s Chairman and CEO Tilman Fertitta announced in 2021 many of its restaurants would accept bitcoin and other digital currencies. Why the Crypto Craze?

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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

consumers, 33 percent of these consumers used a credit card for their most recent restaurant food purchase. merchants in 2021, up from 75.9 A point of sale (POS) system which combines payment processing with restaurant management software can help make restaurant operations run smoother and more efficiently.

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Blurring the Lines Between QSR and Retail

Modern Restaurant Management

The pandemic massively accelerated the widespread adoption of a variety of paths to purchase, including buy-online-pick-up-in-store (BOPIS), delivery and app-based ordering. The first job of retail and QSR associates is to help customers and eliminate friction along the path to purchase. Now, it’s the same with QSRs.

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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. What about 2021? Placer.ai’s experts do think that breakfast sales will increase next year.

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Going Mobile with Contactless ID for the Post-COVID Restaurant Experience

Modern Restaurant Management

state to announce plans to make mobile driver’s licenses publicly available in 2021. Once adoption of mobile driver’s license technology has become more widespread, integration with the restaurant’s point-of-sale system will be the most efficient and legally compliant method of mDL verification.

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Payment Security: Does the Hospitality Industry Need to Improve Customer Data Measures?

Modern Restaurant Management

Customers are able to purchase a coffee, beer, or wine at the point of sale in mere milliseconds – seamlessly, and with just the flick of a wrist. How do payments at the point of sale work – and how safe are they, really? In short, card payments in the hospitality industry are secure – to a point.

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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

In the coming year, it will be important for restaurants to have an interoperable point-of-sale platform that integrates everything, allows for dynamic adjustments and operates at optimal efficiency. According to Tech Jury , the data analytics market is expected to reach $103 billion by 2021. Further, 97.2%