One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing FedEx as the primary air cargo provider for the United States Postal Service (USPS), air transport is now top of...
The aviation industry stands on the cusp of a significant transformation, driven by the widespread adoption of digital technologies. From booking flights to managing operations and ensuring passenger safety, digitalization can touch every facet of the sector. This shift promises to change the way airlines,...
The use of paper bills of lading, an important document in maritime trade, spans centuries. And while the document has evolved over the years, processing paper-based bills of lading, many of which may be required for a single transaction, continues to be costly and time-consuming,...
Airports, ghost towns not all that long ago, are once again bustling as the world heads into the all-important holiday season and beyond. Getting travelers hither and yon entails a complex and complicated financial supply chain — especially since travel is not confined to domestic...
February 21, 2023
The use of paper bills of lading, an important document in maritime trade, spans centuries. And while the document has evolved over the years, processing paper-based bills of lading, many of which may be required for a single transaction, continues to be costly and time-consuming, creating a friction-filled customer experience across global supply chains. These […]
November 08, 2021
Airports, ghost towns not all that long ago, are once again bustling as the world heads into the all-important holiday season and beyond. Getting travelers hither and yon entails a...
January 21, 2021
At some point, though it may seem to be far away, air travel is going to resume. It may take a while. But businesspeople will want face to face meetings...
November 04, 2021
Visa’s global payment and fraud management platform Cybersource is joining the International Air Transport Association (IATA) Financial Gateway (IFG) to help airlines streamline commerce and payment efficiencies, according to a press release emailed to PYMNTS on Thursday (Nov. 4). Cybersource and IFG will also help airlines manage fraud, maximize revenue and innovate at a faster […]
May 24, 2021
What’s next for the airline industry, which saw global passenger traffic fall by over two-thirds last year as the COVID-19 pandemic swept the world? Airlines cut flights and mothballed one-third...
April 07, 2021
The International Air Transport Association (IATA) said in a press release that the trend of low passenger traffic on airplanes continued in February with no sign of recovery. The total...
July 28, 2020
The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. Earlier forecasts from the...
