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IPFS News Link • Cyberspace and the New Economy

Cashless Society: Panera Bread Debuts "Frictionless" Palm Payment System

• https://www.activistpost.com, By Tyler Durden

Now Panera Bread is experimenting with Amazon's cashless payment system as the war on cash marches on.

On Wednesday, Panera Bread announced plans to roll out a "contactless payment method" to several stores with additional locations in the coming months. The bakery-cafe chain has over 2,000 locations, and its loyalty program has 52 million members.

"Panera is the first national restaurant company to use Amazon One as both a way for guests to pay and access their loyalty account with their palm," the company said.

"Our philosophy has been centered around leveraging best-in-class technology to create a better Panera experience and using that to deepen our relationship with our loyal guests. Introducing Amazon One, as a frictionless, personalized, and convenient service, is another way we're redefining the loyalty experience," Niren Chaudhary, CEO of Panera Bread and Panera Brands, stated.

At the moment, dozens of Whole Foods locations and Amazon Go stores have integrated Amazon One contactless payment.

By summer, Panera Bread might have at least two dozen stores equipped with Amazon's contactless payment system, as reported by Panera's Chief Digital Officer George Hanson in an interview with CNBC.


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