As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report...
Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant Group’s Alipay+ and other major international card organizations — have extended the International Consumer Friendly Zones program to the major...
At a growing number of tourist destinations in Europe, getting an Uber may mean hopping onboard a boat. The ride-hailing firm is rolling out several Uber Boat options this summer, Uber said in a Tuesday (July 2) press release. In Ibiza, the company will launch...
Uber is inviting consumers to give up their personal car for five weeks and adopt a “car-light lifestyle.” The ride-hailing company will select up to 175 people in seven cities across the United States and Canada to participate in its One Less Car trial, Uber...
Southwest Airlines is experiencing reduced pricing power because airlines have added flights and seats. The company said in a Wednesday (June 26) filing with the Securities and Exchange Commission (SEC) that it has changed its outlook for revenue per available seat mile (RASM) in the...
Hospitality company Accor has selected financial infrastructure platform Stripe as its primary payments partner globally. After using multiple payment gateways with different providers, Accor is now working with Stripe to implement a single centralized system across all its hospitality properties for online bookings, the companies...
As we recently reported, despite steady signs of inflation, about half of U.S. consumers are planning to take summer vacations in the weeks to come — and many even anticipate spending even more this summer than last. But, as PYMNTS Intelligence recently revealed in its...
There are summer vacations. Then there are high-end summer vacations. And then there’s Inspirato. Bringing an innovative subscription and membership model to its affluent clientele, the company has just turned profitable in its 13th year of existence, leveraging a funding round of $25 million from...
Large corporations are reportedly catching up with small and medium-sized businesses (SMBs) in returning to business travel. While SMBs led the post-pandemic rebound in business travel, corporations are increasingly booking travel as well, Reuters reported Tuesday (June 4). Hotel CEOs attending the NYU International Hospitality...