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  • 12/18/2024

    Instant Financial Announces New Mobile App for Improved Employee Pay Flexibility

    instant logo
    Instant Financial, a pioneer of responsible earned wage access (EWA), electronic tips, and paycard solutions, has announced the release of its new Instant mobile app and enhanced mobile wallet functionality, providing employees with a faster, more secure app experience that gives them a greater degree of flexibility in how they receive their pay.
     
    Understanding that over 50% of Americans would likely avoid major financial pitfalls if they could instantly access a portion of their pay after every day’s work, the new Instant mobile app is narrowing this financial gap by placing financial empowerment directly into the hands of employees.
     
    The beta version of Instant’s app debuted in October at the 2023 HR Tech Conference & Expo, where event attendees were provided a sneak preview of the app’s new capabilities and functionality.
     

    Designed with accessibility and financial freedom in mind, the new Instant mobile app is released with a list of innovative new features and functionality including:

    • Faster Access to Earned Wages: Employees have access to their hard-earned wages in fewer steps, with an improved user interface (UI) and key elements surfaced more prominently within the app.
    • Modern Security Features: State-of-the-art security protocols, such as facial and fingerprint biometrics, multi-factor authentication, and encryption technologies protect user information and provide peace of mind.
    • Flexible Payment Options: Users have the freedom to choose how and when they access their wages. Whether it’s through direct deposit, the Instant card, or a mobile wallet, the new app offers a greater degree of flexibility for all employees, ensuring convenience for all.
    • Clear and Informative Design: With improvements to the user interface (UI), the app offers a user-friendly experience, empowering users to make informed choices and navigate the app confidently.
    • New Technology Framework: Underpinned by a new technology infrastructure, the new Instant mobile app is faster, more responsive, and built to allow for additional features and functionality to meet the needs of employees and how they are paid.

    “Employee demands regarding how they access their wages are constantly shifting, and our new app is meeting that head-on,” said Tal Clark, CEO of Instant Financial. “Whether it’s to cover unexpected expenses, avoid predatory loans, or simply to enjoy more control over their finances, Instant is continually revolutionizing the way people get paid.”

    By releasing this enhanced version of its mobile app experience, Instant is furthering its mission of delivering pay to employees, when they want, where they want, and how they want, all free of fees.

  • 12/17/2024

    Flexa, Nighthawk Wallet Integrate

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    Flexa has teamed up with Nighthawk Wallet, a self-custody digital wallet, to expand how digital assets are used in everyday life. Through this integration, Nighthawk Wallet users can now make instant, fraud-proof payments at over 41,000 retail locations across the United States and Canada, marking a major step forward for the usability of digital currencies. 

    Flexa Components, now embedded within the Nighthawk Wallet app, ensures that transactions are processed instantly, privately, and securely. By combining Nighthawk’s user-friendly wallet design with Flexa’s powerful payment platform, users can seamlessly spend digital asset ZEC for everyday purchases—whether at restaurants, coffee shops, or other merchants. With guaranteed settlement and zero chargebacks for merchants, this integration also simplifies payment acceptance for businesses, further driving the adoption of digital currencies.

    “Digital payments are now simpler, faster, and more secure with Flexa,” said Daniel McCabe, cofounder and CEO of Flexa. “With Flexa Components integrated into Nighthawk Wallet, we are enabling users to transform their digital assets from static holdings to tools for seamless commerce—while ensuring critical benefits like privacy and guaranteed fraud protection for our merchant partners.”

    Nighthawk founder Aditya Bharadwaj notes, “Spending with Flexa opens up more in-person retail trade and use cases for digital currencies, a pioneering use case since the early days of crypto. The Flexa team has built a scalable platform that redefines the way we think about digital payments, offering merchants and consumers a seamless and secure experience that rivals traditional credit card payments, with no predatory fees or concerns about customer data privacy. We are committed to maintaining our high standards of transparency as we bring this innovative solution to our user base.”

    This collaboration bridges the gap between digital assets and everyday commerce, making payments more efficient, private, and accessible.

  • 12/18/2024

    Square Partners with Sysco

    Square pos tablet

    Square announced a new partnership with Sysco, a leading global foodservice distributor, along with a number of new features to help food and beverage sellers run their businesses with ease.

    With new strategic partnership, Square and Sysco bring better technology to more restaurants

    For more than a decade, Square has delivered innovative products to help food and beverage operators streamline operations and grow their businesses. Now, in partnership with Sysco, Square aims to bring the company’s powerful, intuitive technology solutions to more restaurants worldwide.

    Sysco, a trusted leader in foodservice, supports and enhances their customers' success with a range of services, including top-tier technology recommendations through their Sysco Restaurant Solutions program. Now, as a Restaurant Solutions partner, Square’s technology suite will be promoted, co-marketed, and sold to Sysco’s customers.

    “Sysco is committed to helping our customers succeed through innovative solutions and technology,” said Neil Russell, Chief Administrative Officer at Sysco. “Square’s technology is comprehensive and easy-to-use for operators and workers alike, and we know that their solutions can help food and beverage businesses work smarter, operate more efficiently, and find new avenues of growth.”

    Square brings new and highly requested features to food and beverage businesses to save time, improve cash flow

    Beyond the strategic partnership with Sysco, Square also announced new features to help restaurants run their businesses easily and efficiently. These features are currently rolling out to sellers, with full availability in early 2025.

    • Restaurants and bars can now preauthorize Bar Tabs for customers paying with credit card or digital wallet, improving the guest experience by speeding up ordering and simplifying checkout while also providing businesses with a secure payments experience. This feature is especially critical for bars and breweries, allowing these sellers to streamline service and start tabs without holding onto guests’ cards, all while protecting their bottomline.

    • With Instant Payouts, restaurants using Square Checking can receive funds for orders made through third-party delivery platforms instantly and without additional fees, giving sellers immediate access to their earned revenue. Cash flow is a major pain point for restaurants, particularly as margins get tighter, and with third-party delivery platforms continuing to grow in popularity, the delay in time-to-money for the orders they fulfill – up to 11 days in some cases – can be extremely challenging. Instant Payouts addresses this challenge for sellers, helping them worry less about their liquidity and giving them the means to more quickly restock inventory, pay their teams, and get orders out the door. Instant Payouts is currently available to Square for Restaurants Plus and Premium sellers that have integrated DoorDash or Uber Eats into Square, with more third-party providers coming in 2025.

    • Sellers can now set up House Accounts for regulars or large institutional clients they know and trust, invoicing them monthly, quarterly, or whenever’s good for the business and customer.

    “Holding onto people’s credit cards at the bar – and having 20-30 people per night forget to close out their tabs – can be a nightmare, so we were eager to work with Square on testing Bar Tabs for our brewery locations,” said Eric Lurwick, General Manager at Cisco Brewers on Nantucket. “We collaborated closely with the Square team on providing feedback to help fine-tune the product, and using Bar Tabs has made the lives of Cisco employees and customers a lot better.”

  • 12/17/2024

    Visito Surpasses 2 Million Guest Interactions

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    Visito, a leading conversational AI platform for independent hotels, today announced that its comprehensive guest communication platform has facilitated over two million interactions in 2024.

    The company’s AI-powered messaging tools enable independent hotels to boost guest engagement and provide real-time assistance with minimal human intervention. Launched with the mission to streamline guest communication, the platform helps hoteliers manage high message volumes, automate repetitive responses, and overcome language barriers.

    Pormer Sarram, CEO of Visito, said: “Reaching two million guest interactions this year is a testament to the value we bring to independent hotels. Through conversational AI, we’re equipping hoteliers with fully automated tools to improve guest engagement and scale their operations. This milestone reflects both the demand for cutting-edge AI solutions in hospitality and the trust our partners have in Visito.”

    Visito empowers hotels to resolve 97% of guest messages across popular channels such as WhatsApp, Instagram, and Messenger. By reducing manual effort and operational costs, the platform delivers substantial efficiency gains while elevating guest satisfaction.

    With customers in 15+ countries, Visito now serves more than 150,000 guests globally. The platform integrates seamlessly with leading property management systems, helping hotels to minimize support costs, increase direct bookings, and enhance the overall guest experience.

  • 12/17/2024

    Hostaway Announces $365 Million Strategic Growth Investment Led by General Atlantic

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    Hostaway, an all-in-one vacation rental software and management system, announced it has secured a $365 million strategic growth investment led by General Atlantic, a leading global growth investor, with participation from existing investor PSG Equity. Hostaway plans to partner with General Atlantic and PSG Equity to further propel its growth strategy, including international expansion, product development, and AI initiatives. Upon completion of the transaction, General Atlantic and PSG Equity will both be significant minority shareholders in Hostaway, and the investment will mark the largest transaction to date in Hostaway’s market segment. 
     
    Founded in 2015 by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, Hostaway enables short-term rental owners and managers to automate and simplify property management. The company helps property managers scale and grow their businesses through one platform with hundreds of API connections and integrations. General Atlantic’s investment follows a period of significant company growth, with Hostaway benefitting from PSG Equity’s backing since 2023. Today, the company’s integrated marketplace boasts over 200 marketplace partners, curating premier vacation rental software and tools within the industry for customers with properties in over 90 countries. Hostaway’s fully remote workforce includes over 230 employees across 44 countries. 
     
    As a comprehensive vacation rental software and management system, Hostaway allows short-term rental property owners and managers to manage all aspects of their vacation rental business, including across:
     
    • Property Management: Easy-to-use property management system for vacation rentals to measure performance and manage inquiries, recurring guests, distribution channels, owners and staff in one place.
    • Channel Management: Hostaway's proprietary channel manager is the core of the platform, providing sophisticated two-way API connection to all major online travel agencies, including Airbnb, VRBO, Booking.com, Expedia, TripAdvisor, Marriott, and Google Travel.
    • AI: Powerful tools that enhance your listings and guest communications - includes AI suggested message responses, enhanced listing descriptions for SEO, and more.
    • Automation Tools: Automates repetitive tasks with automated messages, reviews, tasks and payments.
    • Analytics & Reporting: Customizable reports give property managers valuable insights into their business.
    • Communication: All the communication tools a property manager needs, with an industry-leading unified inbox with support for email, text messages, and WhatsApp.
    • Marketing: Market properties with easy booking website set up, WordPress plugin, coupon management, website builder, and direct booking tools.
    • Operations: Supports daily operations with automation and features such as guest invoicing, flexible payment processing, and task management services. 
    Hostaway became the first property management and channel management software company to earn the highest partnership designations from the three leading online travel agencies – Airbnb, VRBO and Booking.com – and it also currently has preferred relationships with Google, Expedia, and Homes & Villas by Marriott.
     
    The company has recently launched a range of tools and add-ons to further address customer needs, including Dynamic Pricing by Hostaway, an automated solution to help customers maximize revenue; Hostaway Capital, to provide flexible loans specially catered to the property management sector; Hostaway Insurance, to provide coverage for property damage during a rental period; and Smart Lock integration to further streamline the property management and guest experience. Hostaway has also integrated AI in its automation tools to support property owners and managers across guest messaging, content creation, and language translation.
     
    The short-term rental sector is a $133 billion GMV market that has grown at 12% CAGR over the last decade and currently serves over 21 million short-term rental properties globally¹. The market continues to professionalize with a growing number of property managers seeking software solutions to help expand and manage their increasingly complex businesses. Hostaway continues to capitalize on these global tailwinds and demand through geographic expansion to key markets – including building upon its presence in France, Italy, and Spain – and intends to leverage General Atlantic’s expertise in scaling companies at the intersection of vertical software, integrated payments, and the travel and hospitality sector globally. 
     
    “We are excited to partner with General Atlantic, a firm with deep global experience in our sector,” said Marcus Räder, CEO and Co-Founder of Hostaway. “This transaction is a critical milestone that will enable Hostaway to expand our commitment to delivering continued product innovation and invest further in AI-driven tools as we support our customers in growing and managing their businesses. Also, we are excited to leverage this investment to further expand our footprint across the world, especially in key markets like France, Spain, and Italy. We have identified like-minded and decisive partners in General Atlantic and PSG Equity and are thrilled to collaborate with them on the next stage of our journey.”  
     
    “Hostaway has emerged as a category leader with a differentiated product addressing the distinct needs of short-term rental property managers, a dynamic and growing industry,” said Raph Osnoss, Managing Director at General Atlantic. “We greatly admire the company’s high velocity of innovation and dedication to supporting its customers, and we look forward to working with this impressive team.” Matthew Dorr, Principal at General Atlantic, added, “We believe Hostaway is poised for continued growth, and we are thrilled to work alongside PSG to support the company across a number of value creation initiatives.”
     
    “Our journey with Marcus and the wider Hostaway team began in 2023 and we have continued to be impressed with the quality, offering and strong growth of the platform,” said Edward Hughes, Managing Director at PSG. “Hostaway has already grown three-fold since making our investment, which is a testament to the company’s deep expertise in the short-term rental property space and the strong global customer demand for its products. There is a lot to be proud of and we are excited to continue to support Hostaway in this next chapter alongside General Atlantic.” 
     
    William Blair and Cambon Partners acted as financial advisors to Hostaway.
  • 12/17/2024

    AiPMS Now Available to Boutique Hotels

    boom logo
    Boom, an AI Property Management Software (AiPMS), announced its expansion into the boutique hotels sector. 
     
    The entry marks the first time an entirely AI-powered platform has been made available to boutique hoteliers, unlocking unparalleled efficiency, cost savings, and guest experience enhancements.
     
    Combining fully integrated operational software and a completely autonomous AI workforce, Boom now enables small to medium-sized hotels to offload repetitive tasks, allowing staff to focus on delivering a best-in-class guest experience. 
     
    From an AI sales agent capable of negotiating on rates to automated room allocation; from maintenance dispatching to guest communication when something goes wrong, Boom is equipped to handle any situation faster than a human agent. 
     
    The platform's far-reaching automation also means boutique hotels are better able to compete with larger chain operators. With tools that eliminate the need for multiple third-party applications and automate labor-intensive tasks, Boom’s AiPMS allows boutique hoteliers to focus on delivering exceptional service while keeping overheads low.
     
    The capabilities of Boom’s AiPMS include:
    • Guest messaging 24 hours a day: a lifesaver for boutique hotels without a 24-hour front desk — and connected to your central PMS to create maintenance tasks, staff follow-ups, and personalization for guests.
    • AI sales agent: an AI trained on your policies and room information capable of selling to and negotiating with guests in any language, increasing occupancy at the best rates.
    • Maintenance and scheduling: removing the headaches of manually working out the best times to perform tasks.
    • AI-powered reporting: AI can process information much faster than a human, allowing hoteliers to pull out the most important data on their performance in an instant.
    • Review summaries and follow-up: Boom reads and summarizes reviews, creating follow-up tasks for the relevant staff and responding to guests.
    Boom was founded by Shahar Goldboim, an experienced property manager who draws on his experience managing a 150-strong rental portfolio to revolutionize the hospitality sector using AI. 
     
    Shahar Goldboim, CEO and founder of Boom, commented:
    “The boutique hotel industry thrives on its ability to deliver personalized, human experiences and technology should amplify that strength, not complicate it. 
     
    “An AI revolution is already underway in the short-term rental sector, which has embraced the tech with open arms. Now, boutique hoteliers have the opportunity to harness the same cutting-edge tools that have transformed operations, streamlined operations, and elevated the guest experiences in other areas of hospitality. 
     
    “Boom’s entry into the sector means we can now empower boutique hotels to focus on what they do best: creating unforgettable stays.”
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