Restaurants and grocers leverage inflation tech

In food retail today, American Express subsidizes historic restaurants, and PYMNTS data reveals how consumers’ payment habits are changing as they begin to spend more on restaurant meals. Additionally, Larry Liu, Founder and CEO of eGrocer Weee, speaks with PYMNTS about how the company is using technology to mitigate pricing issues.

Amex donates $1 million to save historic restaurants

American Express has launched the second installment of its Backing Historic Small Restaurants grant program, which awards $1 million in grants to help preserve historic small restaurants across the country.

Consumers use credit cards for gourmet meals, debit for QSR, PYMNTS data suggests

When it comes to restaurant spending, consumers choose to use credit cards when rushing for a high-end meal, but stick to debit when it comes to small check purchases , according to data from PYMNTS.

Weee Leverages Automation to Boost Affinity Amid Grocery Inflation

“Increased warehouse automation will allow us to continue to efficiently manage and ship the vast assortment of products and maintain another of our key differentiators: affordability,” said Larry Liu, Founder and CEO of eGrocer Weee, to PYMNTS in an interview.

ResTech vendors rush to offer solutions to ease inflation and labor issues

As restaurants continue to face inflationary challenges, technology vendors have an opportunity to boost sales, offering solutions that can ease their cost concerns. More recently, software, point-of-sale (POS) and payment solutions provider SpotOn announced on Monday (March 21) the launch of several tools aimed at specifically targeting these concerns, including a profit margin calculator and a white paper containing tips to increase profits.

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NEW PYMNTS DATA: 57% OF CONSUMERS PREFER ADVANCED IDENTITY VERIFICATION AFTER TRIING IT

On:Fifty-seven percent of consumers who used advanced identity verification methods such as voice recognition when contacting customer service say they would do it again. The Consumer Authentication Experiences report surveyed nearly 3,800 US consumers to find out how delivering innovative verification experiences helps businesses deliver superior customer service across all channels.