News Briefs

  • 2/6/2024

    Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions

    Rain Logo
    Rain, a financial wellness platform that helps companies give employees greater control over their finances, announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding, Rain now has more capital to service its growing customer base, allowing it to provide employees an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement. 
     
    Traditional pay cycles can often serve as a barrier to increasing savings and achieving financial well-being, and it is estimated that Americans spend over $170 billion waiting for their next paychecks. Rain’s financial wellness platform provides them convenient access to their hard-earned wages in real-time, whenever they work instead of waiting until payday. With the new round of funding, Rain will be able to scale this offering to even more employers seeking to adopt earned wage access as a benefit. 
     
    “With this $300 million in funding from Clear Haven, we'll expand our reach and further fulfill our mission to empower all Americans to live the life that they can afford to live, protected from predatory fees and lending products,” said Fred Choquette, Chief Operating Officer at Rain. “By giving employees access to their hard-earned wages when they need them the most, we’re alleviating the reliance on financial products that further push them into debt. We’re committed to further empowering Americans on their journey to true financial freedom.”
     
    Rain’s pay-on-demand feature allows employees to get paid daily by paying a small fee with each transaction, similar to an ATM charge. This offers them greater control over their finances and helps them avoid overdraft fees and high-interest loans. Rain also adheres to the highest compliance standards and meets guidelines set by the Consumer Financial Protection Bureau, making it one of the safest EWA providers available. 
     
    Rain is the most seamless and data-minimalistic EWA provider in the market, integrating easily with timekeeping and payroll systems and requiring the least amount of data to use. It is free to use by employers who provide it to their employees as a voluntary benefit. Additionally, Rain offers financial wellness tools for employees and allows employers to limit withdrawals to no more than 50% of an employee’s gross earnings per pay period. Combined, these factors make Rain one of the easiest ways for companies to offer EWA as a benefit to their workforce. 
     
    A core tenet of EWA is helping employers increase employee retention, engagement, and productivity. In 2023, Rain’s employers saw an average of 50% improvement in retention for their employees who use the app, in addition to their employees working an average of more than 20 hours per month. Furthermore, Rain is estimated to have saved its customers’ employees over $51 million by avoiding overdraft fees and the interest associated with payday loans, thereby meeting its commitment to promoting employees’ financial wellness. 
     
    "Clear Haven is proud to commit $300 million in funding to Rain as part of its dedication to empowering both employers and employees to thrive in challenging economic circumstances and embark on a more resilient financial wellness journey,” said Mark Simmer, Managing Partner at Clear Haven Capital Management. “Rain's unwavering mission to transform the financial wellness landscape by granting employees access to their earned wages perfectly aligns with Clear Haven's vision for a more inclusive and equitable financial future. We are excited to collaborate with Rain, working together to empower employees and redefine traditional concepts of financial wellness." 
  • 2/6/2024

    MustHaveMenus Introduces Displays

    colored cogs hands on a table

    MustHaveMenus, the all-in-one platform for restaurant marketing, launches  MustHaveMenus Display, a digital display management system that seamlessly integrates with MustHaveMenus'   menu maker and design tool.

    This  addition gives restaurants a natural link between the creative process and customer touchpoints. When a restaurant makes changes to its brand, menu items or promotions they can be instantly updated on display systems across many screens and locations. Plus, the power of MustHaveMenus' custom design app creates endless potential for engaging multimedia content.

    Key features of MustHaveMenus Display include:

    • Unlimited Creativity: Display works with over 25,000 customizable templates, allowing restaurants to bring any marketing vision to life.
    • Seamless Integration: Display effortlessly integrates with the renowned MustHaveMenus menu maker and design tool.
    • Playlists: Display allows users to create unlimited playlists with custom arrangements of content, timing and transitions.
    • Instant Updates: Updates made to a design can be instantly published to display screens, eliminating unnecessary steps.
    • Custom Schedules: The Display app has advanced scheduling features so that managers can set-and-forget content on their screens.
    • Multi-Location Management: The Display app accommodates the needs of small- to medium-sized restaurant chains.

    MustHaveMenus Display simplifies the way restaurants connect with their customers, making marketing campaigns more efficient and impactful. By seamlessly integrating design capabilities with a versatile distribution system, MustHaveMenus continues to empower the restaurant industry with cutting-edge tools to drive growth and success.

    "Ever since installing the MustHaveMenus product in our Diner we've seen smiles from local clients!" reported Kevin McMillen, owner of the HandleBar Diner, of Mesa Ariz. "Our non-technical business manager at the Diner has taken charge of the entire system and navigates through it with ease. We publish a playlist that shows upcoming events, current menu items and we switch to our 'Limited Menu' during big events all with ease now.  Having this product fully integrated into our Diner's already established systems was a game changer."

    "The launch of Display marks a significant milestone for us, as we strive to provide restaurants with a one-stop-shop for all of their in-store marketing," said Jim Williams, CEO of MustHaveMenus. "We believe this addition empowers restaurants to do more with less. They can create menus and stunning visuals easily and without a graphic designer, then deliver the content to their displays without leaving the program. We want to help them save time while doing great work."

    To learn more about MustHaveMenus Display and how it can transform your restaurant's marketing efforts, please visit www.MustHaveMenus.com

  • 2/6/2024

    PAR, Grubhub Add MENU Link Integration

    integration two blue puzzle pieces integrating

    ParTech Inc. has integrated its marketplace order management system, MENU Link, with Grubhub

    Building off PAR and Grubhub’s existing partnership, MENU Link automatically syncs menu items, pricing and other order information between PAR Brink POS and Grubhub. The marketplace order management solution sends incoming orders directly to the restaurant’s kitchen without staff needing to manually enter them, reducing errors, saving time and providing restaurant managers with robust reporting on all Grubhub orders.

    MENU Link seamlessly integrates Grubhub and PAR Brink POS, PAR's cloud-based point-of-sale system. This feature allows restaurants to easily manage Grubhub delivery and pickup orders directly within PAR Brink POS, streamlining operations for kitchen and front-of-house staff.

    No More Tablets

    "How people experience food has drastically changed — especially among millennials and Gen Z — with the surge in off-premise dining and delivery services. While delivery provides diners with seamless ordering, it also creates 'tablet hell' for restaurants juggling multiple apps," commented PAR CEO, Savneet Singh. "Together with GrubHub, our MENU Link solution tackles this head-on by integrating all major delivery services into one system. This innovation provides restaurants the capabilities they need to thrive on digital demand.”

    Restaurants gain centralized control over their menus, dynamic pricing for different channels, store-level information and order data from third-party marketplaces with MENU Link. This unified approach eliminates confusion, costly errors and duplicative work that often comes with managing multiple tablets from various delivery services.

  • 2/5/2024

    Danté Restaurant Adds AI Phone Solution

    voice ai soundwaves

    Voicify, the market leader in conversational AI, today announced it has been selected as the Conversational Voice AI provider for 

    Danté Restaurant and Bar has selected Voicify AI Answering to service customers who call its New York City locations.

    High Volume Calls

    Danté's use of voice AI frees up staff to serve in-person guests and fulfill orders while extending a high-touch, high-end experience to customers who call. 

    Each Danté location fields 1,500 customer calls per month. 

    "We were named #1 World's Best Bar in 2019 and Best Bar in America for both 2019 and 2020, so we have a reputation to guard," said Linden Pride, Owner of Danté. "As a result, we're highly selective when it comes to customer-facing technologies. Among conversational AI providers, Voicify was the obvious choice because of their deep expertise and superior technology. Voicify automates aspects of our front-line service to free up human employees to focus on the personal, face-to-face guest service that has won Danté a top spot in the hearts and minds of so many New Yorkers for more than a hundred years."

    Before Voicify, these calls were answered by onsite staff or went to voicemail. Voicify is answering calls even when the venues are closed.

    Guests can ask basic questions that are answered by Voicify AI Voice Assistants. Questions include 'What hours are you open?'; 'Do you deliver?'; 'Tell me about your menu'; and 'May I place an order?'. With AI acting as a front-line automated assistant, restaurant staff spend less time on the phone and more time serving in-person guests and fulfilling orders. 

    An Intelligent Option

    Danté  is among a growing number of restaurant operators adding Voice AI to help with operations. Recently, Jersey Mike’s added Voice AI Phone Ordering.  Checkers & Rally's, Panera, CKE Restaurants and Good Times are using – or piloting the use of AI – in the drive-thru to help automate the ordering process so that staff can focus on other tasks such as customer service and food production.  

    Voicify is optimized to handle natural human speech. This means that Danté customers can speak their questions or requests without modifying their speech at all. As part of the conversational flow, Voicify AI assists phone customers using the most appropriate messaging method. For example, the AI assistant can automatically send an SMS text with a link to restaurant location directions or the restaurant's online ordering platform. Voicify assistants continually learn and improve based on customer interactions. As needed or at customer request, the AI assistant can connect the guest with human staff.

    Designed to deploy quickly and integrate directly with existing phone, POS, kiosk and other restaurant technologies, Voicify AI sets the standard for conversational AI by learning quickly and delivering intelligent and reliable performance for any situation.  

  • 2/5/2024

    RoomRaccoon Expands Global Distribution Channels Connectivity with New Reconline Integration

    RoomRaccoon and Reconline logos

     RoomRaccoon, a leading Hotel Management System for independent hotels, has announced its strategic partnership with Reconline, a renowned hotel distribution and connectivity solution. The partnership offers RoomRaccoon users a seamless connection to some of the industry's most influential Global Distribution Systems (GDS), including Sabre, Amadeus, Galileo, and Worldspan.

    The integration empowers RoomRaccoon users with a powerful yet affordable way to manage their online distribution. By establishing a real-time connection with major Global Distribution Systems (GDSs), RoomRaccoon users can reach over 450,000 travel agents all over the world and showcase their properties to a wider audience of potential guests. This, in turn, can help them to increase their revenue. 

    "As a partner, we are delighted that RoomRaccoon is leveraging our best-in-class GDS hotel distribution technology to provide its hotel customers with the opportunity to tap into new streams of revenue in this growing market segment," said Markus Maissen, Managing Director, reconline AG.

    “As we continue to expand our hotel distribution connectivity marketplace, we are excited to partner with Reconline and grant our users access to their extensive distribution network,” says Steven Reffin, Head of Partnerships at RoomRaccoon. “Thanks to enhanced distribution, our hotels can showcase their properties to a global audience, driving increased bookings and revenue.” 

    Hotels can now automate their room reservation process with the help of RoomRaccoon and Reconline. With RoomRaccoon's Channel Manager, the hotel's property management system can efficiently send real-time information to the distribution system. This ensures that travel agents have access to the most accurate data regarding room availability and rates.

    The RoomRaccoon and Reconline integration is available to hoteliers worldwide. 

  • 2/6/2024

    Nomadix Earns Patent for Enhancing Passpoint (Hotspot 2.0) with Loyalty Program Integrations

    logo, nomadix

    ​​Nomadix® Inc​. was issued U.S. Patent No. 11,855,986 by the United States Patent and Trademark Office (USPTO) on December 26, 2023. The patent, titled “Management of network intercept portals for network devices with durable and non-durable identifiers,” represents Nomadix’s ongoing innovations in networking technology and adds to its growing patent portfolio.

    The patent relates to using captive portals to securely manage network access requests under Passpoint, formerly known as Hotspot 2.0. Nomadix’s technology gives hotels and other organizations greater control and visibility over their visitor-based networks, helping drive digital engagement and deliver customized, location-based services and tiered upgrade options. For example, venues leveraging visitor-based networks can offer Passpoint through loyalty apps to offer secure connections to the network, while also enabling better engagement, upselling, tiered service offerings (i.e., events, Wi-Fi upgrades), and payment acceptance throughout the guest’s stay at the property.

    “Nomadix has a long history of innovation including the invention of the visitor-based network and creation of the first captive portal,” said Ted Helvey, chairman and CEO at Nomadix.This latest patent is of similar importance in the next generation of secure authentication and shows our team’s continued commitment to creating technology that provides personalized connectivity and digital engagement opportunities for our customers in hospitality, multi-tenant, retail and beyond.”

    The patent, part of Nomadix's growing network management portfolio, is based on an application filed in February 2020 by inventor Vadim Olshansky. For more information, visit the USPTO website.  

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