Oracle is a sizable player in the restaurant point-of-sale market. Thousands of large and small restaurant operators globally use its software and hardware, with its restaurant technology handling about $150 billion in transactions annually, according to the Austin-based company. Chains such as Starbucks, Dunkin’ Brands, Sonic and Pret A Manger employ its Simphony POS platform.
The new service will help restaurateurs manage everything from payments to menus to profit margins. “Hidden fees and long-term contracts have long been an issue with payment processors in the food and beverage industry with many providers capitalizing at the expense of independent operators who often already run on thin margins,” Oracle’s senior vice president of food and beverage, Simon de Montfort Walker, said in the release.
