In the fast-paced hospitality industry, where convenience and quick access to funds are of utmost importance to workers, the popularity of instant tip payouts is on the rise. In “Generation Instant: Hospitality and Tips,” PYMNTS Intelligence draws on a survey of more than 2,600 consumers...
Restaurant team management platform 7shifts has added a Tip Payouts feature. This feature allows operators to instantly send tips directly to employees’ personal debit accounts, the company said in a Thursday (Aug. 24) press release. Instant access to tips can enhance the employee experience and help restaurants tackle the...
Tipping has reached a tipping point, so to speak, in the restaurant industry. As restaurants look to simplify their operations, tipping has become a major point of friction. There are complexities in divvying up tip payments by shift, by customer and by local regulations. There...
The pandemic ushered in a receivables revolution as disruption forced an “innovate or perish” urgency in cash management, money movement, payout options and related fraud risk. As part of PYMNTS’ monthlong series of discussions around the digital transformation of business, we invited Abhishek, global head...
October 24, 2022
Tipping has reached a tipping point, so to speak, in the restaurant industry. As restaurants look to simplify their operations, tipping has become a major point of friction. There are complexities in divvying up tip payments by shift, by customer and by local regulations. There is a consumer who tips more often — and more […]
October 11, 2022
The pandemic ushered in a receivables revolution as disruption forced an “innovate or perish” urgency in cash management, money movement, payout options and related fraud risk. As part of PYMNTS’...
October 20, 2023
In the fast-paced hospitality industry, where convenience and quick access to funds are of utmost importance to workers, the popularity of instant tip payouts is on the rise. In “Generation Instant: Hospitality and Tips,” PYMNTS Intelligence draws on a survey of more than 2,600 consumers across the United States to examine consumers’ satisfaction with the […]
August 24, 2023
Restaurant team management platform 7shifts has added a Tip Payouts feature. This feature allows operators to instantly send tips directly to employees’ personal debit accounts, the company said in a Thursday (Aug. 24) press...
