Core Insights - OpenTable and FreedomPay have announced a partnership aimed at enhancing the payment experience for hotel restaurants and groups [1][6] - The collaboration will integrate OpenTable's reservation and guest management platform with FreedomPay's commerce technologies, providing a seamless experience for diners [3][4] Company Overview - OpenTable is a global leader in restaurant technology, part of Booking Holdings, Inc., and serves over 60,000 restaurants, facilitating 1.8 billion seatings annually [9] - FreedomPay specializes in Next Level Commerce™, transforming payment systems for various industries including hospitality, retail, and healthcare [7][8] Partnership Details - The partnership allows restaurants to implement credit card holds, charge no-show fees, and accept deposits, utilizing FreedomPay's network of over 1,000 payment integrators [2] - Restaurants will benefit from secure omnichannel payments, sub one-second processing speeds, and centralized payment operations through OpenTable's tools [2][4] Benefits to Restaurants - The integration aims to reduce no-shows and optimize deposits, ultimately enhancing the dining experience and customer loyalty [4][6] - FreedomPay's technology enables quick and secure payment processing, whether at the table or through pre-pay options via the OpenTable app [5][6] Future Plans - The partnership is currently available in the US and will expand internationally through 2026 for leading hospitality brands [6]