September 26, 2016

Has 2016 Brought a Restaurant Recession?

Recently there has been increasing chatter concerning a “Restaurant Recession”. This follows a number of negative indicators, including: A 1.5% – 2% decline in same-store restaurant comparables across all categories in Q2 2016 (Stifel Financial). Sales declines in 3 of the last 6 months through July, as reported by U.S. News Magazine. Declining sales at fast-casual restaurants for the first time since 2004, according to NPD. Creative Explanations Explanations for […]
September 19, 2016

Restaurants face a tougher environment

The restaurant business has become more challenging in recent years, especially for casual-dining. In the second quarter of this year, many chains saw flat or falling sales. Competition appears to be increasing, with many new fast-casual chains, grocery store restaurants and a larger number of independent restaurants in many markets. Stagnant incomes for many Americans makes eating out a luxury for many. Online shopping is reducing foot traffic at malls […]
September 12, 2016

Powerful Survey Capabilities of the Presto System ™

The Presto System contains a number of features that make surveys more flexible and interactive. Leveraging these tools you can delve deeper, in different directions, than historic approaches often permitted. Let’s look at three of these capabilities. First, is our ability to ask contextual questions. This means that a subsequent question can be asked, depending on what answer was given to a prior question. For example, if a survey respondent […]
August 29, 2016

EMV & Encryption. Helping Restaurants avoid Payment Fraud.

In an earlier blog post, we looked at EMV. A related topic of interest for restaurant operators is Encryption. Restaurants are one of the most common targets of payment data theft, and EMV and Encryption work together to mitigate this risk. EMV refers to the “Europay Mastercard Visa” standard. EMV contains security measures contained within the payment card itself. It is the card, and specifically the chip itself, that contains […]
August 22, 2016

The Presto System ™ provides Contextual Data

One of the great advantages of using the Presto Smart Dining System for surveys is the ability to associate questions with Contextual Data. The system already knows key variables, such as order amount, tip amount, table number, menu selections, location, payment method, time of day, day of week, server, and other key pieces of information. Many operators, harking back to the lessons learned in a marketing or statistics class, or […]
August 15, 2016

Technology and Hospitality go together like Milk and Cookies

The world has embraced consumer technology, and now it’s becoming more pervasive in restaurants. Some argue that this is negative and that hospitality will suffer. Actually, the reverse is true. Think of the challenges in providing hospitality to diners. In a perfect world, wait staff could spend all of their time with diners, attending to their every need. The reality is that wait staff spend most of their time in […]
August 8, 2016

Shorten surveys when using the Presto System ™

Response rates for surveys are often low because they have too many questions. Surveys become a grueling exercise. As a result, many respondents quit before the survey is completed. When using the Presto System make it your goal to ask just 3-5 questions. Take note of survey completion rates for your customers, as you change the number of questions over time. You’ll soon know the “right number” of questions to […]
August 1, 2016

Getting to know EMV

You’ve probably heard about EMV. But you may be wondering just exactly what it is, and how it applies to your restaurant organization. With that in mind let’s review some of the basics. EMV is an acronym that refers to “Europay Mastercard Visa”. These three payment processors created the standard in the 90s. Since then other companies have adopted the payment processing technology including American Express, Discover, JCB, and UnionPay, […]
July 25, 2016

Pokémon Illustrates Creative Ways to Drive Foot Traffic

Restaurants today face a more competitive and economically difficult environment.  In such times it becomes of great importance to be on top of consumer trends, and always thinking about ways to tackle challenges creatively. The recent introduction of Pokémon Go illustrates the point. In case you’ve been under a rock, Pokémon Go is the white-hot game (that runs on both Android and iPhone), introduced just two weeks ago, in which […]
July 18, 2016

Presto Blog To Start Regular Updates

I’m happy to share that the Presto Blog will become an even more important part of our discussions with our ecosystem of interested stakeholders, such as restaurant partners, integration partners, technology providers, team members, investors and advisors. There is an enormous number of developments in the restaurant industry surrounding new technologies.  Consequently, we believe that sharing updates on this blog will allow us to better address the volume of new […]
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