Toast, the restaurant software and payments firm, hinted Tuesday that it may have a checkout-free payment concept for diners in the offing.
The new payment effort Toast is “looking at” would be tied to the company’s reservation and waitlist tool, Toast CEO Aman Narang said on a conference call with analysts, responding to a question about how the company could leverage insights from its growing network of 156,000 restaurants.
“Imagine an ability to just walk out and leave at the end of the transaction, because you’ve got a card on file,” Narang said. “There’s a huge opportunity there in terms of providing a better guest experience, both in terms of bringing diners into the restaurant and then leaving the restaurant as well.”