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Nos. 5 & 6 In the Top 10 Countdown; iWallet’s Voice-Based AI Ordering
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iWallet’s Voice-Based AI Ordering and other Digital Transactions News briefs from 12/30/24
A startup called iWallet announced technology it says supports voice-based ordering using artificial intelligence, while also being compliant with the Payment Card Industry data-security standard. Bitget Wallet, a cryptocurrency platform, said it has surpassed 60 million users globally, achieving a 300% growth rate in user count for 2024. Janover Inc., a commercial …
Read More »Eye on POS: Olo Adds AI-Based Voice Ordering, And an International Restaurant Group Taps Lightspeed
Unceasing competition for restaurant payments revenue has spurred two developments among point-of-sale system makers catering to the segment. Santa Clara, Calif.-based SoundHound AI Inc. says Olo, a New York City-based hospitality specialist, will make SoundHound’s voice-ordering service, which relies on artificial intelligence, available to its approximately 77,000 merchant locations. When …
Read More »Checkers Adding Presto Voice Ordering System; The ETA’s 2022 Priorities; Prepaid Card Volume Forecast
Restaurant Chain Checkers Rolls Out an AI-based Voice Ordering System
As part of its drive to increase operating efficiency, Checkers Drive-In Restaurants Inc. is rolling out an artificial intelligence-based voice-automated ordering system. The system will enable consumers to place orders at the drive-thru lane of corporate-owned Checkers and Rally’s restaurants without the assistance of a restaurant employee. Checkers, which specializes …
Read More »Square’s Latest Release Marks Food and Beverage Updates Along with AI and Bitcoin Changes
Six months after fully revising its point-of-sale app and adding modes to enable merchants to tailor it to their needs, the acquirer is out now with what it says is its largest update to its food and beverage platform. Square, a unit of Block Inc., also released updates to Square …
Read More »Red Lobster Is the Latest Restaurant to Add an AI Phone-Ordering System
SoundHound AI Inc., a provider of artificial intelligence-based voice technology, said Red Lobster Hospitality LLC will roll out SoundHound’s AI-powered phone-ordering system across the restaurant chain’s more than 500 locations. The system will enable SoundHound to field all incoming calls for takeout orders, provide answers to common customer questions, such …
Read More »Eye on POS: ParTech’s 44% Revenue Bump; SoundHound AI’s Three-Fold Growth
Separate efforts by Par Technology Corp. and SoundHound AI Inc. to boost their wins, especially among restaurant clients, appear to be paying off, if their latest earnings are indicators. ParTech, based in New Hartford, N.Y., is coming off its $132-million acquisition in January of Delaget LLC, a platform providing analytics …
Read More »AI Commerce Gets a Boost From Visa, PayPal, and Mastercard
Visa Inc. late Wednesday introduced Visa Intelligent Commerce, an artificial intelligence-based shopping service that enables AI agents to shop and make purchases for consumers. AI agents are software programs that use artificial intelligence to gather information and take actions to achieve clearly defined goals with a minimum of human intervention. The …
Read More »Toast Adds Applebee’s to Its Growing List of Restaurant Chains
Toast Inc. has signed an agreement with the restaurant-chain operator Dine Brands Global to install its point-of-sale and restaurant-management technology in 1,500 Applebee’s locations nationwide. In addition to Applebee’s Dine Brands operates such restaurant chains as IHOP, Neighborhood Grill + Bar, and Fuzzy’s Taco Shop. Applebee’s will install Toast’s POS terminals, …
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