Travel Payments
Most Recent
Pandemic Ripple Effects Extend To Business Events
Thursday 14th January - 5:34 pm
As the pandemic, eventually, moves to the rearview mirror — we might move from post-COVID to an era to be defined as post-convention. It’s no secret that the meetings and events ...Florida Officials Soft-Pedal Notion Of Vaccine Tourism
Thursday 14th January - 3:36 pm
Scuttlebutt is circulating that Florida — among the first states to open COVID-19 vaccines to anyone over 65 — is getting a rush of medical tourists seeking vaccinations, the Associated ...NTT DATA Teams With Conferma Pay On Virtual Payments For Lodging
Thursday 14th January - 12:56 pm
NTT DATA Hong Kong Limited (NTT DATA) has teamed with Conferma Pay to bring digital payment communications to hotels, according to an announcement emailed to PYMNTS.
“Partnering with Conferma Pay is a ...Sweep Raises $1.2 Million For Finance Management Tools
Wednesday 13th January - 8:06 pm
Sweep, which works in expense and travel management for small- to medium-sized businesses (SMBs), announced Wednesday (Jan. 13) that it hit its 2020 funding target, with around 1 million euros ...Business T&E Management Firm TravelPerk Buys NexTravel
Wednesday 13th January - 4:26 pm
International travel management company TravelPerk has unveiled its acquisition of California-based NexTravel to help with its continuing growth roadmap in the American market. The deal will encompass the latter company’s ...International Travelers Will Likely Need Negative COVID Test To Visit US
Tuesday 12th January - 5:02 pm
Travelers from abroad seeking to visit the U.S. could have to prove they had a negative test for the coronavirus before getting on a plane, The Wall Street Journal reported ...Virtual Cards Drive Consumerization Of B2B Payments
Tuesday 12th January - 4:00 am
Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows.
With employees seeking to use company cash in the same way ...Carnival Reports $2.2 Billion Q4 Loss As US Cruises Stay Docked
Monday 11th January - 10:29 pm
Cruise ship operator Carnival is looking at a loss of $2.22 billion for the fourth quarter ending Nov. 30 because of the pandemic’s shutdown of its voyages for almost a ...Crypto.com Teams Up With Booking.com On Travel Discount Deal
Monday 11th January - 1:48 pm
Crypto.com has put in an early bet that 2021 will see a rebound in the battered travel market.
The Hong Kong-based cryptocurrency and payments platform on Monday (Jan. 11) unveiled a ...TripActions Adds Integrations For Microsoft, SAP And Others
Sunday 10th January - 9:29 pmCorporate travel management platform TripActions said in a press release that its TripActions Liquid payments and expense system now integrates with leading corporate finance systems.
Among the enterprise resource planning (ERP) ...BNPL Startup Uplift Notches $68 Million To Advance Travel Payments
Thursday 7th January - 2:46 pm
Silicon Valley buy now, pay later (BNPL) startup Uplift has closed a $68 million credit line deal with Atalaya Capital Management.
“This additional financing from Atalaya solidifies Uplift’s standing as the ...Jumio Sees Vaccine Passports Intersecting With Digital ID
Thursday 7th January - 4:02 am
For the travel industry, there is light at the end of the tunnel.
Vaccines against COVID-19 are (slowly) being rolled out. And while it will take a while to return to ...How SMBs Prepare For A New Era Of Employee Expenses
Wednesday 6th January - 8:00 amWith the pandemic dramatically, and potentially permanently, altering the way business is done, the future of corporate travel remains uncertain.
Industry executives are torn on when and how business trip spending ...B2B Payments 2021: Assessing The Gaps And Digital Opportunities
Tuesday 5th January - 4:00 am
Most businesses strive to expand, but expansion can come with growing pains. It can be particularly challenging for growing businesses to manage payment flows. Having inefficient payment operations can lead ...TSA Saw 60 Pct Drop In US Passengers In 2020 Amid Pandemic
Monday 4th January - 5:33 pm
The Transportation Security Administration (TSA) saw dramatic changes in 2020 because of the pandemic, according to a Monday (Jan. 4) press release.
Between the start of 2020 and the year’s end, ...Travel Rewards Programs Make Major Pandemic-Era Changes
Monday 4th January - 4:01 pm
Travel loyalty rewards points have long been a currency unto themselves: buy travel to earn more (and better) travel. This worked like a charm, back when consumers could travel fearlessly.
With ...Airline Industry Assesses Damage From 2020; Looks Ahead To Reset
Monday 4th January - 12:35 pm
New year, same problems for the global aviation industry, as the world’s battered and beleaguered airlines struggle to recoup 20 years of passenger growth that was evaporated by just nine ...Vaccine Passports Promise Safer Travel; Privacy Issues Remain
Monday 4th January - 12:13 pm
For frequent world travelers, the concept of needing a passport is nothing new. And in fact, a “vaccination passport,” proof that a person has been immunized against an infectious disease ...US Airlines: 2020 Losses May Land Above $35 Billion
Sunday 3rd January - 7:36 pm
U.S. airlines are likely to lose more than $35 billion in 2020, CNBC reported, citing public documents and analysts’ forecasts.
Moreover, airlines aren’t expected to recover until the second half of ...J.P. Morgan Bets On Travel Rebound With Acquisition Of cxLoyalty's Rewards Division
Monday 28th December - 3:40 pm
With an eye on the future of travel, J.P. Morgan Chase has agreed to acquire the rewards division of cxLoyalty Group Holdings, the companies announced in two press releases Monday ...Air Traffic Down About 77 Percent On Christmas Day 2020
Monday 28th December - 12:21 pm
Air travel was down about 77 percent on Christmas Day from last year, with 616,469 people flying on Friday, but expected to swing back up as travelers return from their ...Navisteps Lands $1 Million For SMB Travel, Cost Management
Monday 28th December - 4:07 am
Travel and cost management company Navisteps has notched $1 million in a pre-seed round, with investment originating from angel investors, Phocuswire reported.
“While expense and travel management solutions are not new, ...Today In Retail: Past Macy’s CEO Anticipates More Store Closures, 46 Pct Of Americans Plan To Travel For December Holidays
Tuesday 22nd December - 7:35 pm
In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays ...Survey: 46 Pct Of Americans Intend To Travel For December Holidays
Tuesday 22nd December - 10:45 am
Almost half of Americans (46 percent) intend to travel for the December holidays amid the pandemic, according to press release from online automotive marketplace and solutions firm Cars.com.
The pandemic is ...New COVID Strain In UK Inspires Travel Bans
Sunday 20th December - 5:26 pm
A highly infectious new COVID-19 strain has caused some countries to ban U.K. travelers from entering, according to The Wall Street Journal (WSJ).
The new strain, according to the British government, ...Marriott Slashes Staff at NYC's Times Square Hotel
Tuesday 15th December - 11:11 am
The pandemic has hammered the hotel industry right from the start. Marriott International, for example, furloughed “tens of thousands” of workers back in March as it shuttered properties around the ...Chase, Air Canada, Mastercard Team Up For US Aeroplan Credit Card
Monday 14th December - 4:07 pm
Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S.
“Chase’s many strengths, including digital innovation, customer service excellence, and a world-class ...Expedia Asks: Why Work From Home When You Could Work From Here?
Monday 14th December - 3:02 pm
One of the world’s largest travel websites has launched a dual-pronged promo to get record numbers of people who are currently working remotely to think outside the box –and to ...NYC's FAO Schwarz Toy Store To Be Airbnb Host
Friday 11th December - 7:22 am
New York City’s famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. 21 this year, Radio.com reports.
The booking will only ...Travel Readies For Pent-Up Demand; Multi-Generational Trips On Trend
Friday 11th December - 4:02 am
After nearly a year of social distancing and staying at home, cabin fever is really starting to sink in for many consumers.
For all the ways people have digitally enhanced and ...Amadeus Teams With Conferma Pay, Booking.com On Travel Payments
Thursday 10th December - 8:41 pm
Amadeus is teaming with Conferma Pay and Booking.com on a new streamlined travel booking and payment process, according to a press release.
The idea, the release stated, came from the need ...Airbnb Shares Soar Over 110 Pct On First Trading Day
Thursday 10th December - 5:54 pm
Shares of Airbnb surged on their first day of trading Thursday (Dec. 10), soaring more than 110 percent from their initial public offering (IPO) price of $68 to finish out ...American Airlines Offers Preflight COVID Tests For US Destinations
Tuesday 8th December - 3:13 pm
American Airlines on Tuesday (Dec. 8) rolled out plans to offer preflight COVID-19 testing in the United States as battered airlines seek ways to lure back wary travelers.
In a move ...COVID Vaccine Adoption Creates New Class Of Influencer
Thursday 3rd December - 12:25 pm
Boris Johnson gets his COVID vaccine in public. Three U.S. presidents agree to do the same. The CEO of American Airlines takes his beleaguered 737 Max jet on a maiden ...OYO CEO Talks IPO, Funding As Hotel Startup Fights To Recover
Tuesday 1st December - 1:44 pm
After expansion woes and COVID-19 setbacks, Indian-based OYO – a hotel chain heavily backed by Japan’s SoftBank Group – is on its way back, the CEO says. Bloomberg News reported that Ritesh Agarwal, ...‘COVID-19 Health Passes’ Ignite New Digital ID Debate
Wednesday 25th November - 5:00 pm
The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet ...US Considers Rescinding European Travel Entry Ban
Wednesday 25th November - 2:40 pm
The White House is mulling lifting the European travel restrictions that ban non-citizens from entering the country, according to a Reuters report on Wednesday (Nov. 25), citing sources.
The Trump administration ...Accor And Ennismore Join Forces To Create Global Lifestyle Hotel Giant
Tuesday 24th November - 7:28 pm
The hotel industry may be struggling in the wake of COVID-19, but a new deal by two major global operators shows there is still lots of life left in the sector.
Upscale French ...International Retailers See Sales Drop In Destination Locales
Tuesday 24th November - 6:31 pm
The pandemic-induced lull in global tourism is taking its toll on several large retail chains, including Abercrombie & Fitch and Tiffany & Co., which are struggling to make up for ...Today In Payments Around The World: Western Union Grows Real-Time Digital Payments; Visa Wraps Up YellowPepper Acquistion
Tuesday 24th November - 12:58 pm
In today’s top payments news around the world, Western Union has expanded its real-time digital payout capabilities, while Visa has wrapped up its acquisition of YellowPepper. Plus, the eurozone economy ...Qantas CEO: Vaccines Will Be Mandatory For International Travel
Monday 23rd November - 6:38 pm
Qantas CEO Alan Joyce says international travel likely won’t be able to get back to normal without compulsory vaccinations, a report from 9Now says.
Speaking with “A Current Affair” host Tracy ...Post-COVID Battle For Business Travel Rages
Sunday 22nd November - 8:47 pm
Major airlines’ CEOs were cautiously optimistic a month ago that the COVID-ravaged travel industry was staging a slow recovery, and then markets and consumer confidence soared on reports that Pfizer ...Thanksgiving Airline Reservations Plunge As CDC Asks People To Stay Home
Friday 20th November - 1:18 pm
The airline industry is once again taking a beating as accelerating coronavirus cases prompt the Centers for Disease Control (CDC) to ask that people stay home for Thanksgiving, leading to ...CDC Advises Against Thanksgiving Travel
Thursday 19th November - 6:23 pm
The Centers for Disease Control and Prevention (CDC) has come out with a warning against Americans traveling home for the Thanksgiving holiday, The Wall Street Journal (WSJ) reports, citing concerns ...UK FinTech SumUp Acquires POS Firm Goodtill
Thursday 19th November - 11:49 am
U.K. global payments service firm SumUp has acquired point-of-sale (POS) software provider Goodtill for an undisclosed amount.
“Having worked with the Goodtill team for many years as partners, we’ve been very ...
Read More
