The Fintech Blog
Your one-stop resource for the latest news and trends within the beverage alcohol industry
Erik Schaeffer (Manager, Regulatory Affairs) contributed to this blog. Today marks 90 years since the 21st Amendment was ratified, repealing the 18th Amendment and paving the way for the modern three-tier system and alcohol regulatory framework. The end of Prohibition allowed states to begin adopting their own laws
Efficiency in alcohol invoice payments is the cornerstone of a well-operating business in the beverage industry. As the landscape evolves, embracing streamlined payment processes becomes essential for businesses to ensure smooth operations. Utilizing electronic funds transfer (EFT) payment methods like Fintech’s PaymentSource® allows alcohol businesses to optimize accounts
Brothers Glenn and Gary Sutch opened Coco’s Crush Bar in Clearwater Beach after more than 30 years in the hospitality and entertainment industries. Home of the Orange Crush, Coco’s has made waves in the area with a fantastic seafood menu, live music, and signature-crafted cocktails. They have expanded
Bev alc suppliers are in a competitive space, fighting for every inch of shelf space across every account they can find. In today’s market, enlisting the help of various alcohol technology platforms is instrumental for success. These technologies help suppliers streamline their operations, enhance customer experiences and maintain
What were the most common themes for alcohol bills that passed in the 2023 legislative session? Drinks-to-Go Five state legislatures made drinks-to-go privileges permanent this year. Connecticut, Hawaii, Maine, Michigan, and Washington all codified the temporary to-go privileges that originated from the 2020 pandemic. The five states have
The holiday season is a busy time for the hospitality industry, with an influx of customers looking to celebrate and create lasting memories. However, as the demand for services and staff escalates, many establishments face the challenge of labor shortages. To combat understaffing and ensure a smooth operation
The partnership between Fintech and Sculpture Hospitality leverages over three decades of industry experience from both companies that support bars and restaurants in the hospitality sector. By integrating Fintech’s PaymentSource® with Sculpture’s solutions, retailers gain access to a range of benefits that simplify alcohol inventory and management. Here
The alcohol industry has come a long way from traditional bartending, pickup truck deliveries, and cash transactions. Technological advancements continue to disrupt and transform how alcohol is ordered, purchased, served, and enjoyed. These alcohol technology solutions can optimize workflows, create margin-protecting opportunities, and more. In this blog, we
There is a rising star in the convenience store alcohol market – boxed wine. As of Q3 2023, boxed wine now accounts for 10.59% of total wine spending, up from 8.53% in Q4 2022. This growth underscores its popularity among consumers. Fintech’s data insights can help convenience store
Don’t let the thought of alcohol invoices piling up ruin your Halloween! Fintech’s PaymentSource® is the perfect treat that will save you both time and money while also helping you grow and manage your alcohol business like never before. Time-Saving Sorcery Wave goodbye to tedious manual tasks and
This last week was the National Beer Wholesalers Association’s (NBWA) 86th Annual Convention & Trade Show in Las Vegas, Nevada. This meeting “provides valuable education programs for the beer industry and introduces distributors to new products, technologies, and vendors needed to run their operations.” Over 200 companies gathered
For our latest Drinking Buddies feature, we sat down with Donna Qvarnstrom, owner and operator of Cobb’s Landing and Little Jim Bait & Tackle in Fort Pierce, FL. Both are successful businesses in their own right and feature fresh seafood, craft cocktails, live entertainment, and history. Drinking Buddies
