Latest news with #FreedomPay
Yahoo
4 days ago
- Business
- Yahoo
Deliverect Partners with FreedomPay to Transform Payment Operations for Restaurant Chains
Strategic partnership provides multi-location QSRs and enterprise restaurants with flexible payment technology to enhance omnichannel capabilities and simplify operations Philadelphia, PA, July 28, 2025 (GLOBE NEWSWIRE) -- Deliverect, a leading global food tech SaaS company, announces a strategic worldwide partnership with FreedomPay, an innovative leader in Next Level Commerce™. The new partnership will provide white-labeled payment orchestration capabilities to the Deliverect ecosystem, enabling multiple payment providers across various channels and locations with ease, a problem which many restaurant operators face today. By integrating FreedomPay's industry-leading gateway technology, Deliverect will offer restaurants a white-labeled solution that enhances both e-commerce and in-store payments, helping multi-location Quick Service Restaurants (QSRs) and enterprise restaurant chains worldwide streamline their payment systems through a single, unified platform. Transforming Payment Operations for Restaurant Chains The partnership simplifies reconciliation, reporting, and managing refunds across multiple processors. Restaurant operators can now access valuable insights into guest purchasing history, shaping loyalty programs and cross-channel marketing promotions through better data consistency and visibility. "Our partnership with FreedomPay represents a significant evolution in how enterprise restaurant chains can approach payment processing," said Justin Falciola, President of the Americas at Deliverect. "By bringing payment orchestration directly into our ecosystem, we're enabling our customers to leverage a single global platform that accepts all payment types while maintaining the flexibility to work with their preferred providers. This delivers operational simplicity, improved customer experiences, and substantial cost efficiencies that set a new industry benchmark." 'The integration with FreedomPay gives Deliverect the ability to unify siloed systems across their entire estate,' added Chris Kronenthal, President of FreedomPay. 'We're excited to revolutionize payment operations for the multi-location QSRs and enterprise restaurants in the Deliverect network and to future-proof their business, driving scale and growth.' This collaboration, coupled with the recent launch of Deliverect Resolve—an AI-powered solution that protects up to 70% of revenue loss from fraudulent refund claims—demonstrates Deliverect's comprehensive approach to helping restaurant operators not only streamline payment operations but also actively recoup and protect revenue across their entire digital ecosystem. Additional benefits for restaurant operators include: Provider Flexibility: Maintains the ability for restaurants to choose and work with their preferred payment processors (Fiserv, WorldPay, Chase, Elavon, Global Payments, Heartland, Amex, Tsys, Stripe, and more) Cost Optimization: Enables access to competitively negotiated payment rates while reducing operational overhead Expanding the Deliverect Ecosystem This partnership reinforces Deliverect's commitment to providing comprehensive digital sales solutions that adapt to the evolving needs of restaurant operators. With this expanded payment ecosystem, Deliverect continues to support enterprise merchants globally while offering the "bring your own payment provider" flexibility that modern restaurant chains demand. The integrated FreedomPay solution is available to Deliverect customers in the United States, United Kingdom, European Union, Mexico, and Canada. For more information, visit ABOUT DELIVERECT Deliverect is a global ecosystem of on and off-premise solutions for digital sales. Its API-first software helps enterprises of all sizes to sell anywhere and deliver everywhere across 52+ global markets. Currently, Deliverect powers 65,000+ establishments, including renowned chains like Taco Bell, Burger King UK, Little Caesars, and Pret A Manger. To find out more information, visit ABOUT FREEDOMPAY FreedomPay is the global leader in Next Level Commerce™—transforming the way businesses power payments and experiences across the world. More than a payment solution, FreedomPay is a world-class independent payment gateway engineered to simplify complexity, break down the barriers of legacy systems, and revolutionize every point of interaction—whether in-store, online, or mobile. Chosen by the leading brands across retail, hospitality, sports and entertainment, food service, healthcare and higher education, FreedomPay delivers technology strength, integration breadth, and deep expertise in global payments innovation. As one of the first solutions in North America validated by the PCI Security Standards Council for P2PE, FreedomPay sets the gold standard for payment security, trust, and performance. With a unified technology stack, lightning-fast APIs, and integrated solutions across payments, FreedomPay gives businesses total peace of mind plus the freedom to choose any hardware provider. Move faster, act smarter, and lead markets—not chase them. CONTACT: Jennifer Tayebi Burson for FreedomPay +1 734 395 0780 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Star
4 days ago
- Business
- Toronto Star
Deliverect Partners with FreedomPay to Transform Payment Operations for Restaurant Chains
Philadelphia, PA, July 28, 2025 (GLOBE NEWSWIRE) — Deliverect, a leading global food tech SaaS company, announces a strategic worldwide partnership with FreedomPay, an innovative leader in Next Level Commerce™. The new partnership will provide white-labeled payment orchestration capabilities to the Deliverect ecosystem, enabling multiple payment providers across various channels and locations with ease, a problem which many restaurant operators face today. By integrating FreedomPay's industry-leading gateway technology, Deliverect will offer restaurants a white-labeled solution that enhances both e-commerce and in-store payments, helping multi-location Quick Service Restaurants (QSRs) and enterprise restaurant chains worldwide streamline their payment systems through a single, unified platform.
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Deliverect Partners with FreedomPay to Transform Payment Operations for Restaurant Chains
Philadelphia, PA, July 28, 2025 (GLOBE NEWSWIRE) — Deliverect , a leading global food tech SaaS company, announces a strategic worldwide partnership with FreedomPay , an innovative leader in Next Level Commerce™. The new partnership will provide white-labeled payment orchestration capabilities to the Deliverect ecosystem, enabling multiple payment providers across various channels and locations with ease, a problem which many restaurant operators face today. By integrating FreedomPay's industry-leading gateway technology, Deliverect will offer restaurants a white-labeled solution that enhances both e-commerce and in-store payments, helping multi-location Quick Service Restaurants (QSRs) and enterprise restaurant chains worldwide streamline their payment systems through a single, unified platform. Transforming Payment Operations for Restaurant Chains The partnership simplifies reconciliation, reporting, and managing refunds across multiple processors. Restaurant operators can now access valuable insights into guest purchasing history, shaping loyalty programs and cross-channel marketing promotions through better data consistency and visibility. 'Our partnership with FreedomPay represents a significant evolution in how enterprise restaurant chains can approach payment processing,' said Justin Falciola, President of the Americas at Deliverect. 'By bringing payment orchestration directly into our ecosystem, we're enabling our customers to leverage a single global platform that accepts all payment types while maintaining the flexibility to work with their preferred providers. This delivers operational simplicity, improved customer experiences, and substantial cost efficiencies that set a new industry benchmark.' 'The integration with FreedomPay gives Deliverect the ability to unify siloed systems across their entire estate,' added Chris Kronenthal, President of FreedomPay. 'We're excited to revolutionize payment operations for the multi-location QSRs and enterprise restaurants in the Deliverect network and to future-proof their business, driving scale and growth.' This collaboration, coupled with the recent launch of Deliverect Resolve —an AI-powered solution that protects up to 70% of revenue loss from fraudulent refund claims—demonstrates Deliverect's comprehensive approach to helping restaurant operators not only streamline payment operations but also actively recoup and protect revenue across their entire digital ecosystem. Additional benefits for restaurant operators include: Expanding the Deliverect Ecosystem This partnership reinforces Deliverect's commitment to providing comprehensive digital sales solutions that adapt to the evolving needs of restaurant operators. With this expanded payment ecosystem, Deliverect continues to support enterprise merchants globally while offering the 'bring your own payment provider' flexibility that modern restaurant chains demand. The integrated FreedomPay solution is available to Deliverect customers in the United States, United Kingdom, European Union, Mexico, and Canada. For more information, visit . ABOUT DELIVERECT Deliverect is a global ecosystem of on and off-premise solutions for digital sales. Its API-first software helps enterprises of all sizes to sell anywhere and deliver everywhere across 52+ global markets. Currently, Deliverect powers 65,000+ establishments, including renowned chains like Taco Bell, Burger King UK, Little Caesars, and Pret A Manger. To find out more information, visit . ABOUT FREEDOMPAY FreedomPay is the global leader in Next Level Commerce™—transforming the way businesses power payments and experiences across the world. More than a payment solution, FreedomPay is a world-class independent payment gateway engineered to simplify complexity, break down the barriers of legacy systems, and revolutionize every point of interaction—whether in-store, online, or mobile. Chosen by the leading brands across retail, hospitality, sports and entertainment, food service, healthcare and higher education, FreedomPay delivers technology strength, integration breadth, and deep expertise in global payments innovation. As one of the first solutions in North America validated by the PCI Security Standards Council for P2PE, FreedomPay sets the gold standard for payment security, trust, and performance. With a unified technology stack, lightning-fast APIs, and integrated solutions across payments, FreedomPay gives businesses total peace of mind plus the freedom to choose any hardware provider. Move faster, act smarter, and lead markets—not chase them.
Yahoo
10-06-2025
- Business
- Yahoo
Payment Outages Threaten £1.6 Billion in UK Retail & Hospitality Sales
Research also shows UK Businesses Average Over 5 Major Outages Annually, with 61% Occurring During Critical Peak Trading Times London, UK, June 10, 2025 (GLOBE NEWSWIRE) -- A new study released today reveals the staggering cost of payment system failures to UK retail and hospitality businesses, estimating losses of £1.6 billion annually. The research, conducted by FreedomPay and Dynatrace in partnership with Retail Economics, highlights the increasing frequency and impact of these disruptions on day-to-day trading, with consumers exhibiting low tolerance for delays. Adding to the concern, the study finds that 1 in 5 retail and hospitality businesses lack a secure digital backup when systems fail, exacerbating the potential for lost revenue. The study indicates that these failures are not isolated incidents but a recurring operational challenge that disrupts service, damages customer trust, and negatively impacts revenue. UK businesses are reporting an average of over five major outages each year, with 61% occurring during peak trading periods, amplifying the financial impact. "Consumer-facing businesses are operating in increasingly unpredictable conditions," says Chris Kronenthal, President, FreedomPay. "From extreme weather and power failures to cyber-attacks and system outages, disruption is no longer the exception, it's becoming the norm. The lack of planning by businesses, coupled with the fragility of existing infrastructure, is creating a perfect storm for revenue loss and reputational damage." Key findings from the study include: Consumer tolerance: Most consumers will only tolerate up to 6 minutes of payment disruption before becoming frustrated, with 22 minutes being the absolute limit. The average outage, however, lasts 84 minutes – far exceeding consumer patience. Costly blind spots: Businesses are dangerously out of touch with consumer patience, overestimating their willingness to wait during payment disruptions (32 minutes vs. the actual 22 minutes) and failing to recognise the immediate customer attrition this misjudgement causes, leading to significant revenue loss and damaged brand reputation. Payment system downtime is costly: If a payment system goes down between minutes 7 and 11, businesses could lose an average of £73 million in sales every minute. Losses quickly add up: By minute 22 of the outage, total losses could reach £1.17 billion. That's a whopping 74% of all the revenue at risk. Reliance on mobile and card payments continues to rise: Less than 30% of consumers always carry cash when visiting shops, restaurants, or leisure venues. The average amount carried is £35, which is less than the average in-store spend of £47. Vulnerable consumers: Higher-income consumers, who tend to visit physical retail and hospitality venues more frequently and rely more heavily on digital payments, are disproportionately affected by payment disruptions. Backup gaps: 22% of businesses study having no backup payment method beyond cash, and 7% have no fallback at all. "Payment resilience isn't just an IT issue, it's a critical business capability', adds Alois Reitbauer, Chief Technology Strategist, Dynatrace. 'Outages don't just stop transactions; they break the customer journey and disrupt essential services. To stay resilient, businesses need real-time visibility, the agility to adapt in real time, and technologies that auto prevent and auto remediate disruptions. In a world where disruptions are inevitable, speed and insights are a business's most valuable safeguards." "In today's hyper-competitive landscape, seamless payment experiences are non-negotiable,' states Richard Lim, CEO, Retail Economics. 'Our research underscores the critical need for retailers and hospitality businesses to prioritise payment resilience. The financial impact of outages is significant, but the erosion of customer trust and brand loyalty can cause long term damage. Investing in robust, fail-safe payment infrastructure isn't just about mitigating risk; it's about safeguarding future growth and maintaining a competitive edge." The full study can be found here. About FreedomPay FreedomPay's Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. About Dynatrace Dynatrace is advancing observability for today's digital businesses, helping to transform the complexity of modern digital ecosystems into powerful business assets. By leveraging AI-powered insights, Dynatrace enables organizations to analyze, automate, and innovate faster to drive their business forward. Learn more at About Retail Economics Retail Economics is an independent economics research consultancy focused on B2B thought leadership in the consumer and retail industry. We analyse the complex retail economic landscape and draw out actionable insight for our clients. Leveraging our own proprietary retail data and applying rigorous economic analysis, we transform information into points of action. Our service provides unbiased research and analysis on the key economic and social drivers behind the retail sector, helping to inform critical business decisions, giving you a competitive edge through deeper insights. Contact: Freedompay: freedompayuk@ Dynatrace: dynatraceuk@ CONTACT: Jennifer Tayebi Burson for FreedomPay +1 734 395 0780
Business Upturn
03-06-2025
- Business
- Business Upturn
FreedomPay Powers Pret A Manger's Payment Experience Globally
Philadelphia, Pennsylvania, June 03, 2025 (GLOBE NEWSWIRE) — FreedomPay, an innovative leader in Next Level Commerce™ technologies, has partnered with freshly made food and organic coffee shop, Pret A Manger. This collaboration is already powering Pret in three major markets—the United Kingdom, United States and Hong Kong with further deployments planned in Europe later in 2025 —providing a seamless and resilient payment experience for customers worldwide. This partnership provides Pret with a robust and reliable platform to support its continued growth. FreedomPay's industry-leading solution ensuring payment acceptance is consistently available and operational, a critical factor for success in the fast-paced quick service restaurant (QSR) industry. The platform's store-and-forward functionality ensures uninterrupted transaction processing even during connectivity disruptions, allowing Pret to maintain business continuity and maximize revenue. Chris Matthews, Global Retail Technology Director at Pret A Manger said, 'At Pret, we are committed to providing a frictionless and enjoyable experience for our customers. Partnering with FreedomPay allows us to leverage their best-in-class technology to ensure secure and reliable payment processing, no matter where our customers are in the world. This partnership is a key ingredient in our recipe for international success, allowing us to focus on what we do best: delivering delicious, freshly made food and organic coffee.' 'We are thrilled to partner with Pret A Manger to bring our secure and innovative commerce solutions to their expanding global market,' said Chris Kronenthal, President at FreedomPay. 'This collaboration reflects our commitment to empowering QSR brands with the technology they need to thrive in today's digital landscape. We look forward to providing Pret with data-driven insights to enhance their operations and customer satisfaction through our integrated Next Level Commerce™ platform.' About FreedomPay FreedomPay's Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. About Pret A Manger Pret A Manger is a beloved sandwich and organic coffee chain commonly referred to as Pret and based in the United Kingdom. The first shop opened in London in 1986 where the company is headquartered today. Pret's sandwiches, salads and wraps are freshly handmade each day in shop kitchens using quality ingredients and all coffees, teas and hot chocolates are organic. Pret operates more than 650 shops worldwide with more than 9,500 team members in 18 markets (United Kingdom, Ireland, United States, Hong Kong, France, Dubai, Kuwait, India, Luxembourg, Switzerland, Belgium, Singapore, Germany, Canada, Italy, Spain, Qatar, Greece). For more information, please visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
