Articles tagged “payments”

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Dan Peltier, Skift

High upfront costs remain a barrier to many travelers who can't make a large purchase all at once. Affirm is trying to remove that obstacle and other travel brands are warming up to the monthly payments model in the process.

4 months ago

Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales

Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales

Sean O'Neill, Skift

Care to buy a plane ticket without needing a credit card? Soon a few airlines will test enabling air travelers to pay for their tickets by taking payments directly from consumer accounts. Three cheers for testing innovations.

4 months ago

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Sean O'Neill, Skift

No word on yet on what activist hedge fund investor Paul Singer of Elliott Management might try to pressure Travelport do this year. But research analysts expect that, at the very least, the travel technology company will be pressed to spin off its fast-growing eNett payments business.

5 months ago

Alipay Steps Up Push to Cater to Chinese Travelers in the U.S.

Alipay Steps Up Push to Cater to Chinese Travelers in the U.S.

Sean O'Neill, Skift

The phrase "cash is king" is fast becoming outdated as Chinese travelers popularize mobile payment methods like Alipay and Weixin Pay.

6 months ago

Travelport Is Diversifying With Strong Growth in Payments Tech

Travelport Is Diversifying With Strong Growth in Payments Tech

Andrew Sheivachman, Skift

How is Travelport competing against much bigger companies like Sabre and Amadeus? By creating technology solutions its clients actually want to use while expanding in the world's fastest-growing regions for travel.

7 months ago

Airbnb Follows HomeAway’s Lead By Not Requiring Full Payments in Advance

Airbnb Follows HomeAway’s Lead By Not Requiring Full Payments in Advance

Deanna Ting, Skift

As the professionalization of homesharing progresses, adding a payments feature such as this makes a lot of sense.

8 months ago

Business Travelers Rarely Use Virtual Payments In Another Sign of Companies’ Slow Adoption

Business Travelers Rarely Use Virtual Payments In Another Sign of Companies’ Slow Adoption

Andrew Sheivachman, Skift

Most companies still give their business travelers corporate cards or ask them to pay upfront for later reimbursement. Given the rapid development of mobile and virtual payment methods for consumers, corporate travel is lagging behind yet again.

11 months ago

KLM Becomes Among the First Non-Chinese Airlines to Accept WeChat Pay

KLM Becomes Among the First Non-Chinese Airlines to Accept WeChat Pay

Brian Sumers, Skift

KLM is a little less reliant on Chinese customers than other major airlines, but it's good to see the Dutch carrier taking the chance on a new way of accepting payments. We're betting it'll work out well for KLM. And we suspect other airlines will follow.

1 year ago

Travel Payments Sees $10.4 Billion Merger That Makes Worldpay a Stronger Competitor

Travel Payments Sees $10.4 Billion Merger That Makes Worldpay a Stronger Competitor

Sean O'Neill, Skift

Vantiv's $10.4 billion acquisition of Worldpay creates a payments-processing powerhouse with a huge hand in helping travel businesses boost online and mobile purchases. Due to competition from new rivals, fees are unlikely to spike yet.

1 year ago

Transport for London’s Adoption of Contactless Payments Really Worked

Transport for London’s Adoption of Contactless Payments Really Worked

Dave Montali, Skift

Identifying payment trends among consumers not only improves the customer experience but also allows businesses to create new operating models built around the improved speed and ease of transacting.

1 year ago

Kayak and Amazon Echo Now Offer Voice-Powered Hotel Booking

Kayak and Amazon Echo Now Offer Voice-Powered Hotel Booking

Sean O'Neill, Skift

Kayak is the first online travel player to let shoppers book hotels via Amazon's smart speakers. While the concept has promise, its price comparison process still has to improve before it becomes useful to the average traveler.

1 year ago

New Skift Research Report: The State of Consumer Payments in Travel 2017

New Skift Research Report: The State of Consumer Payments in Travel 2017

Dave Montali, Skift

Consumer adoption of new payment methods and devices for settling purchases is the main driver of adoption by companies. Yet travel companies can gain a valuable competitive advantage by predicting trends in payments and making payments as easy as possible for everyone.

1 year ago