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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

The COVID-19 crisis is shaking up the food industry as the pandemic and customers’ fears force more such businesses to get into emerging areas, such as “contactless” food delivery. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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Mobile Order-Ahead Sector Goes All-In On AI

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To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. He said that AI processes data faster, “allowing restaurants to better tailor their mobile and in-person marketing efforts toward individuals’ tastes.

Mobile 289
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As Bill Payments Go Digital, The Rental Industry Still Lags

PYMNTS

That growth came, in part, at the expense of bill-paying sites and services operated by banks. It cites a figure from the Federal Reserve Bank of Boston that says more than 80 percent of rent payments are made via cash or paper checks. The rental industry could well be the next market to undergo that shift.

Industry 105
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Simon Property Group Looks To Raise $300 Million For Shell Company

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The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Simon owns such properties as the upscale Copley Place in Boston. The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

Groups 139
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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

PYMNTS

Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 But the firm said it cannot predict how a global economic downturn would impact consumer spending or how badly it could hurt its operations. “I

Boston 141
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Hilton Times Square Closure Bruises NYC Tourism Rebound

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Hilton’s Times Square loss is more a reflection of how COVID-19 has bruised the Big Apple’s remarkable tourism industry than it is a commentary on individual hospitality operators. And while properties in “certain urban markets” including Boston, Chicago and New Orleans saw upticks in July, a COVID resurgence cooled the trend.

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Shared Kitchens Help Restaurants Capture Growth Of The Food Delivery Market

PYMNTS

Restaurants may want to reach more delivery customers by expanding into new markets, especially as the market for food delivery could grow to $17 billion by 2020. Introduced in 2014 alongside a handful of other experimental services, Uber Eats operates worldwide in 29 countries. Target Market.

Marketing 134