Tag: food service industry

Mobile payments program is expanding to New York

| August 13, 2014

OpenTable is getting ready to expand into new markets later this year

OpenTable is a mobile payments program that was first announced in early February by a company of the same name. The company has been experimenting with the program for some time, evaluating its viability as a comprehensive mobile commerce service. Thus far, OpenTable has proven to be quite useful and has received support from consumers and businesses alike. The program is designed to appeal to the food service industry, where mobile commerce is beginning to see more adoption.

Restaurants are looking for mobile-centric services

Restaurants are beginning to take steps to cater to mobile consumers. These consumers are looking for ways to use their smartphones and tablets to place orders and make payments in a way that is convenient to them. Convenience is one of the major appeals of mobile commerce and those in the food service industry are looking to provide effective services that highlight this convenience.

OpenTable plans to be available in 20 large cities by the end of the year

OpenTable - Mobile Payments New YorkOpenTable has announced that it is expanding its services to New York. A number of restaurants in the state will begin making use of the mobile payments program and the company believes that its program will be put to use in 20 large cities throughout the U.S. by the end of the year. OpenTable will facilitate mobile payments for those visiting restaurants that are using the program. In some cases, consumers will be able to make payments directly from their smartphones. Some restaurants will provide a tablet device at the table, allowing customers to pay for their meals from through that device.

OpenTable to take advantage of its large consumer base in order to compete with other programs

OpenTable will be competing in a very crowded market. Mobile commerce services are becoming more common and many of these services are beginning to cater to the needs of the food service industry. In order to effectively compete, OpenTable is leveraging its already sizeable consumer base. The OpenTable application comes pre-installed on many smartphones, making it one of the most widely available, but not necessarily widely used, apps in the mobile commerce market.

Mobile payments firm acquires gourmet food delivery service

| August 7, 2014

Square has announced its acquisition of Caviar for an estimated $90 million

Mobile payments firm Square has announced its acquisition of San Francisco-based Caviar for a speculated sum of $90 million. Caviar is a food deliver serviced focused on servicing high-end restaurants. Those using the service can have gourmet meals delivered to their homes or office, and Square believes that such a service is ideal for its mobile payments platform. As mobile commerce grows more prominent, consumers are becoming especially interested in purchasing services from their smartphones and tablets.

Square has managed to find success in the mobile commerce field where many others have failed

Square was launched in 2009 and has since become one of the largest payment firms in North America. Over the past year, the company has been launching new services to better accommodate a growing mobile consumer base and has begun entering into new markets in Japan and elsewhere. As Square continues to grow, it is seeking ways it can diversify the value of its services and products. The company has found success in the food service industry, where its Square Order app has seen a great deal of use among consumers.

Caviar finds the majority of its revenue comes from group orders

Mobile payments acquisitionCaviar may be a company that caters to a relatively small niche, but it has become somewhat popular in large cities. The service charges a $9.99 deliver fee, the entirety of which goes to its delivery staff. Caviar also charges an 18% gratuity on every order. These fees make Caviar an expensive service, but the majority of its revenue comes from group orders and the service allows multiple people to add to an order using a shared link.

Caviar may soon make use of mobile payments technology from Square

Square may soon equipped Caviar with the ability to accept mobile payments more effectively. The company may begin using Square’s payment technology in the near future and delivery staff may be able to accept payments from physical mobile devices for those that do not want to spend money online. Time will tell if Square will find success with its latest venture.