In the latest episode of the Hospitality Hangout podcast, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “The Finance Guy” chat with Tom Recine, the founder of Recine Hospitality, to explore the latest innovations in point of sales tech.

“It’s not just a restaurant, it’s an experience,” says Recine. “And that’s what you have to create these days to attract attention. No one wants the same-old same-old.”

Recine was a partner and the chief operating officer for Sugar Factory for eight years. While there, he helped build the business and craft a strategy that emphasized the restaurant’s unique experience of candy, excitement, celebrities, and fun drinks. According to Recine, Sugar Factory was ranked the number one venue in the world for social media posts.

Recine recently developed a new cash register system inspired by ATMs. Called the automated till register (ATR), the register has no drawer that opens or closes. Transactions are fully automated and closed from the moment they are initiated.

“At the point you put the cash in, it’s deposited to your bank. No employee or manager will have to touch it,” adds Recine. “It’s a simple idea that’s never been done before. I truly believe cash drawers as you see them now will be replaced forever.”

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This syndicated content is brought to you by Branded Strategic Hospitality.