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MasterCard

August 28, 2020

Mastercard Partners with Accel Robotics for Cashierless Checkout Retail

Mastercard. So worldly, so welcome, and now so contact-free. The global payments company today announced its Shop Anywhere and AI Powered Drive Through tools to help retailers create low-touch shopping experiences for consumers.

Mastercard’s ShopAnywhere program is using the AI and computer vision of Accel Robotics to create cashierless checkout for stores. According to the press release, Shop Anywhere can be deployed across a variety of physical formats. Mastercard has already lined up several Shop Anywhere customers including Circle K convenience stores in U.S. and Canada; Delaware North, a global hospitality company that operates at entertainment venues, national parks, resorts and more; and at a Dunkin’ location.

Accel Robotics is based in San Diego and raised $30 million in funding at the end of last year. The company has been relatively quiet compared with its cashierless competitors like Zippin, Grabango and Trigo. But what it lacks in showiness it has made up for with a large partner like Mastercard, which can leverage its massive presence to increase adoption of the Accel’s cashierless tech.

Mastercard’s other initiative, AI Powered Drive Through, is being implemented through partnerships with SoundHound Inc. and Rekor Systems. The program promises to help QSRs “transform their drive through or drive in interactions through vehicle recognition, voice ordering, and artificial intelligence.”

Part of that vehicle recognition technology used by Rekor involves the system knowing your license plate as well as make and model of car. Knowing who you are as you pull into the drive-thru lane means that an order can be rushed out to your car faster or a digital menu could offer up a personalized set of options based on your purchase history. That is, if you don’t mind the privacy implications of a restaurant chain knowing all about the car you drive.

Mastercard’s Drive Through builds on a partnership it had with Sonic Drive-In last year, and will being doing on-location pilots at White Castle locations in October of this year. While it didn’t mention Mastercard, KFC has hinted that it could adopt this type of technology as well.

Of course, Mastercard is announcing both of these initiatives during a global pandemic. As a result, many retailers are looking for ways to reduce human-to-human contact, and the number of touchpoints in stores, including things like touchscreens and even payment terminals where consumers swipe their credit cards. In other words, we’re going to see a lot more announcements similar to this in the coming months as we establish a new normal in a coronavirus world.

April 24, 2017

MasterCard Sees Bot Applications As A Way To “Go Where Consumers Are”

We know the potential for the chatbot interface to be one of the defining stories of connected living in 2017 is there. Mike has covered the variety of ways that “social messaging chatbots” will impact the smart home and of course, the smart kitchen. MasterCard isn’t new to the smart home game – you might remember that they are the financial provider backing grocery ordering on Samsung’s FamilyHub smart fridge.

They’re clearly betting on bot applications as a way to encourage the easy use of their products on the Masterpass platform. Last week at Facebook’s developer conference, MasterCard announced a chatbot for Facebook Messenger, allowing customers to order from select retail and food vendors by chatting with the AI-powered interface. Similar to the on-fridge ordering partnership on the FamilyHub, MasterCard will work with Fresh Direct for chatbot grocery needs and also announced Cheesecake Factory and Subway for takeout food services.

MasterCard has prioritized chatbot integrations, releasing its bot API to developers earlier in the year. According to their developer site, MasterCard wants to make it easy to incorporate their “digital payment technology into conversational commerce experiences.” Beyond food ordering, the platform could be used to order from any retail partner in the future – giving Facebook an easy way to compete with online commerce giants and keeping consumers on the platform longer.

Masterpass-Enabled Bots

Facebook is increasingly interested in bot technology and sees its Messenger platform as a way for brands to reinvent customer communications and e-commerce. Facebook advertising, an increasingly popular way for brands to reach consumers by taking advantage of all the data Facebook collects on its users and serving them up personalized ads. Brands that advertise and have a large presence on the platform often use Facebook Messenger to communicate with customers, sending order and shipment information after a sale and answering questions. You can envision a future where as ad served up to someone who had recently been browsing for new shoes takes them to a chatbot that can offer custom selections and complete the sale right in the interface.

The opportunities in using natural language processing and artificial intelligence to communicate with us wherever we’re used to having conversations – whether that’s via text or in different messenger apps – are huge. Since Facebook introduced the concept, over 11,000 bots have been introduced on Messenger.

Whether it’s helping consumers cook their favorite recipe, ordering food or even communicating with their home, chatbots are definitely here to stay.

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