STOCK TITAN

RDE, Inc. Upgrades to New Payment Processor

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Already Led to Substantial Improvements in Key Performance Indicators

ATLANTA, GA, May 25, 2023 (GLOBE NEWSWIRE) -- RDE, Inc. (OTCQB: RSTN) (the “Company”), the owner and operator of Restaurant.com, the nation’s largest restaurant-focused digital deals brand, today announced an upgrade to a new payment processor, which significantly upgrades its payment processing capabilities, offering an enhanced, seamless, and secure checkout experience for its customers. 

The new partnership is with a globally renowned payment processor, known for its industry-leading technology, commitment to security, user-friendly interface, and their extensive experience in optimizing transaction processes. Through these improvements, Restaurant.com has greatly advanced its risk management capabilities, leading to a marked reduction in fraudulent transactions while ensuring the safety and security of the personal and payment information of its customers. 

The updated payment processing capabilities are already active, with Restaurant.com customers enjoying a smoother and more secure checkout experience. The new payment processing capabilities have led to substantial improvements in key performance indicators, whereby Restaurant.com has already seen an increase in conversion rates and a significant reduction in chargebacks, benefiting both customers and restaurant partners. 

"In the age of digital-first experiences, we understand the importance of a smooth and safe transaction process," said Balazs Wellisch, CTO of Restaurant.com. "We aim to bring a superior checkout experience to our customers while making our entire ecosystem more secure and performant. Our users will benefit from a number of exciting improvements to our platform in the coming months." 

By focusing on continuous improvements and leveraging advanced technology, Restaurant.com is dedicated to its mission of offering a superior dining experience for its users. This upgrade is a part of the company’s ongoing commitment to delivering the best value to its restaurant partners and millions of customers across the nation. 

"We're excited about the significant improvements in our payment processing. This not only optimizes the purchase experience for our customers, but also sets the stage for the introduction of exciting new capabilities for our company," added Ketan Thakker, CEO. 

About RDE, Inc.

RDE, Inc. (OTCQB: RSTN) (Restaurant, Dining and Entertainment) is a pioneer in the restaurant deal space and the nation’s largest restaurant-focused digital deals brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks.

For more information, visit: www.rdeholdings.com and https://www.restaurant.com.

Forward-Looking Statements

Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although RDE, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, RDE, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Investors Contacts:
ClearThink
nyc@clearthink.capital


RDE, Inc.

NASDAQ:RSTN

RSTN Rankings

RSTN Latest News

RSTN Stock Data

84.21M
25.91M
31.95%
10.43%
0.01%
Internet Content & Information
Retail-catalog & Mail-order Houses
Link
United States of America
NORCROSS