Chase and Tock join forces to help restaurants

chase away partners with the hospitality industry service platform Knock in an effort to help patrons of the Chase Restaurant and Hospitality recover from the pandemic, such as Press release Wednesday (July 14).

Until December 31, small business owners who run restaurants, wineries, events and pop-up shops will receive up to $ 1,200 for subscription fees when they sign up for a year with Tock and log into their Chase checking account.

Launched in 2014, Tock is designed to facilitate online reservations, table management, take out orders and events. The company works with a large network of clients, ranging from neighborhood pizzerias to Michelin-starred restaurants.

Tock claims to have processed over $ 1 billion in prepaid experiences and helped make millions of reservations. The company was acquired by Squarespace earlier this year.

According to the companies, small business owners in Chase have access to these services, as well as the Tock to Go take-out and delivery program, which allows restaurants to schedule take-out orders on their own instead of ordering. by delivery services.

Chase business banking customers who sign up for the Tock Plus plan using their business checking account will receive a free one-month subscription, along with $ 1,000 to spend on future charges. Customers who are already on Tock and have their Chase account linked will receive $ 1,200 for subscription fees.

Restaurants and hotel providers have been among the businesses hardest hit by the COVID-19 pandemic. With more and more small businesses reopening, Chase and Tock say their offering will help “remove barriers, including access to service tools” while helping businesses grow.

“In many ways reopening is more difficult than the initial shock of the pandemic,” said Nick kokonas, CEO of Tock. “Service companies can’t just flip on a switch to scale their operations. Tock and Chase want to help not only by making operations more efficient, but also by supporting them with money.

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NEW PYMNTS DATA: STUDY PUTTING LOYALTY AT THE SERVICE OF SMALL BUSINESS – UNITED KINGDOM EDITION

About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.

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