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Artificial intelligence is rewriting the rules of the travel industry — and the CEOs of two major companies said the transformation is only beginning.
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Speaking at the Viva Technology 2025 conference in Paris, Expedia CEO Ariane Gorin and Accor CEO Sébastien Bazin described how generative and agentic AI are reshaping internal operations, customer experiences and...
Household net worth in the United States declined by 0.9% during the first quarter, according to the Federal Reserve.
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The figure decreased by $1.6 trillion, from $170.9 trillion in the fourth quarter of 2024 to $169.3 trillion, the Federal Reserve said in its “Financial Accounts of the United States” released Thursday (June 12).
This was the first decline since the...
PayPal is doubling down on artificial intelligence (AI) and data-driven personalization to maintain its competitive edge in the changing digital payments landscape, according to Diego Scotti, general manager of PayPal’s consumer group.
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“AI is changing commerce as we speak,” he said during a fireside chat at the Viva Tech 2025 conference in Paris.
Scotti discussed how...
Instacart CEO Fidji Simo sees OpenAI growing its business more than 100-fold as the synergy among its different lines of business — foundational artificial intelligence (AI) models, applications and AI devices — supercharges the company in the coming years.
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Speaking at the VivaTech 2025 conference in Paris — her first public interview since being named OpenAI’s CEO of...
Walmart and Amazon are actively exploring the issuance of their own stablecoins, a move that could upend the traditional payments ecosystem and potentially save these retail giants billions in transaction fees, according to a report from The Wall Street Journal. Sources familiar with the matter indicate that other large multinationals, including Expedia Group and major airlines, are also...
Payment processing may be the plumbing of modern commerce, but for banks and FinTechs chasing transaction volume, it is also the battlefield where customer loyalty is won — or lost. In an era when merchants expect instant onboarding, bulletproof security and actionable data, the bar for processors keeps rising.
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Lori Jones, vice president of product management and...
Recent debuts on the public markets have added to the FinTech IPO Index’s roster.
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Chime listed on Thursday, and shares soared 38% in the first day of trading.
Circle has gained more than 28% in the past five trading days.
As reported here, blockchain firm Ripple launched a partnership with Circle. The collaboration brings Circle’s USDC stablecoin to Ripple’s XRP Ledger...
Digital identity has always been a thorny challenge.
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However, in today’s world, the enigma of who is who when it comes to security-critical operations like commerce, banking and payments, has grown more complex and the challenges arguably more unimaginable.
The problem is the greatest threat to digital identity is being driven not from human fraudsters, but from bots.
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The roar of the crowd. The hum of a busy airport terminal. The gentle sway of a cruise ship. These environments, as varied as they are, now share a common thread: a new wave of smart point-of-sale (POS) technologies transforming how consumers pay, engage and experience.
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Mobile-first POS systems, self-service kiosks, digital wallets and frictionless checkout innovations...
In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers.
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The PYMNTS Intelligence report “Payment Hubs Fuel Digital Modernization for Banks,” a collaboration with FIS, revealed that for today’s consumers and businesses, fast,...