Feed Items
American Airlines’ CEO is not a fan of using artificial intelligence (AI) to set air fares.
[contact-form-7]
“Consumers need to know that they can trust American,” said Robert Isom, whose comments on an earnings call Thursday (July 24) were reported by Bloomberg News. “This is not about bait and switch. This is not about tricking.”
The report noted that Isom’s criticism is in line with...
Lyft is letting riders “favorite” the drivers they appreciate, and block the ones they don’t.
[contact-form-7]
“Had an amazing ride?” Now you can mark that driver as a ‘favorite’ so we can try to match you with them again,” the ride-hailing company said in its announcement Thursday (July 24).
“After any great ride, just tap to favorite that driver. Then, for your future scheduled rides...
Mastercard has introduced a platform to help issuers create and deploy card designs.
[contact-form-7]
The company’s AI Card Design Studio, announced Thursday (July 24), aims to offer Mastercard’s design capabilities directly to its partners. According to a company news release, this lets users upload logos and product details, use artificial intelligence (AI)-assisted design features...
The Financial Technology Protection Act (H.R. 2384) was one of 12 financial services bills passed this week by the House of Representatives.
[contact-form-7]
The 12 bills came from the House Financial Services Committee, the committee said in a Wednesday (July 23) press release.
The Financial Technology Protection Act establishes an Independent Financial Technology Working Group that...
Nuvei has introduced features aimed at improving its authorization rate for merchants in North America.
[contact-form-7]
The Canadian FinTech announced Thursday (July 24) it had added PIN-less debit and least cost routing to its authorization optimization suite, inclusions designed to improve authorization rates by up to 3.5 percentage points for applicable transactions.
“These...
Business leaders evaluating artificial intelligence (AI) solutions should be cautious about assuming that larger generalist models such as OpenAI’s ChatGPT will always deliver better results than specialist models, according to an analysis published this week by Harvard Business Review.
[contact-form-7]
While large language models (LLMs) such as ChatGPT, Claude and Gemini perform well...
Through the past few months, as cryptocurrency regulations have been reshaped by the President Donald Trump administration, crypto firms have applied for national trust bank charters, which would expand the range of services they offer.
[contact-form-7]
Depending on the firm, the charters would grant the ability to settle transactions or connect directly to the Federal Reserve’s payment...
Global commerce platform WEX and energy firm bp partnered to launch a fleet card.
[contact-form-7]
The card can be used for fuel and vehicle-related products and services anywhere WEX and Mastercard are accepted, according to a Thursday (July 24) press release. It also provides fuel rebates at bp’s fuel brands, which include bp, Amoco, TravelCenters of America, TA Express and Petro....
A downturn in travel could hurt not only the tourism industry in the United States, but also its retailers.
[contact-form-7]
Nearly $20 billion in retail spending is at stake this year, Bloomberg reported Thursday (July 24).
Some travelers are avoiding the U.S. entirely, in many cases due to the President Donald Trump administration’s immigration policies, the report said. Tourists who...
Walmart is launching a line of “super agents” designed to help customers and workers.
[contact-form-7]
The retail giant says these new tools, powered by agentic artificial intelligence (AI), will soon be the chief way people interact with Walmart, Reuters reported from an event Thursday (July 24) in New York.
“Agents can help automate and simplify pretty much everything that we do,”...