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Articles tagged “payments”

Online Travel

Amadeus Taps Citibank as Partner for New Currency Exchange Tool for Travel Companies

Much of the travel industry uses currency pricing tools that haven't advanced much in a decade. The sector will welcome any new tools that can genuinely cut complexity, time, and costs during the ongoing revenue crisis. Enter Amadeus.

Amadeus Taps Citibank as Partner for New Currency Exchange Tool for Travel Companies

Online Travel

The Largest IPO in History Just Happened and It Has a Huge Travel Angle

Booking.com, Airbnb, Marriott, and every high-end retail shop on the Champs-Élysées want to see the proliferation of Alipay and other digital payment services to capture the spending of Chinese travelers. But Alipay's key cross-border payments strategy, despite a record-setting IPO, has run into major snags.

The Largest IPO in History Just Happened and It Has a Huge Travel Angle

Online Travel

Expect Hotels to Mimic the Airline Payments Playbook as They Fight to Get Paid by Agencies

Many guests pay travel agencies in advance for hotel bookings. But some agencies hold the money until weeks after a guest has checked out. Many hoteliers want to get the payments sooner. They could learn a few tricks about that from airlines, which have tamed the payments monster.

Expect Hotels to Mimic the Airline Payments Playbook as They Fight to Get Paid by Agencies

Business Travel

TripActions Expands Into Expense Management With Eye on Rivals Like Concur

What do you do when your customers stop traveling? Diversify into procurement and expense management, of course.

TripActions Expands Into Expense Management With Eye on Rivals Like Concur
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Travel Technology

New Report: Why Payments Are Key to Delivering Luxury Hospitality Experiences

Guests are returning to hotels and are more ready than ever to embrace digital and mobile technology to take control of their journeys. The challenge for hotels is balancing the right level of face-to-face interaction and contactless options to ensure a five-star experience.

New Report: Why Payments Are Key to Delivering Luxury Hospitality Experiences

Online Travel

What Trump’s WeChat Ban May Mean for the Travel Sector

Trump's ban on the Chinese superapp WeChat may turn out to be a mere annoyance for many Chinese travelers. But it could cause real harm to some U.S. travel organizations.

What Trump’s WeChat Ban May Mean for the Travel Sector

Online Travel

Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Global Blue helps luxury goods shops at airports process purchases by international travelers. Private equity firm Silver Lake's attempted sale of it looks likely soon.

Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Online Travel

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

The travel sector's slo-mo refund process has infuriated everyone. So the crisis is upending the dull business of how money is sent among travel companies, resellers, tech vendors, and financial institutions.

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

Online Travel

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It's possible another buyer may emerge, but at a price far below the $1.7 billion deal that the parties struck in a now-vaporized bygone era.

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Online Travel

Travel Megatrends 2020: Travel Payments Find Path to Painless

Global payments technology and rules are changing swiftly, led by seamless innovations in Asia that are making life easier for consumers. Travel companies of all sizes are finally taking action in order to stay competitive.

Travel Megatrends 2020: Travel Payments Find Path to Painless

Online Travel

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

With this deal, Wex now becomes a powerhouse in assisting business-to-business travel payments worldwide. The deal also gives cash to seller Travelport, which might use the money to expand its airline tech offerings.

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

Online Travel

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere

A few months ago, activist investor Elliott Management took Amadeus rival Travelport private. Elliott also happens to be the largest shareholder of Whitbread, the parent company of Premier Inn. That hotel chain has now dropped its contract with Amadeus for software services. Coincidence?

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere