Travel Technology Trends to Follow This Summer

The U.S. travel industry as a whole has been on a steady incline since recovering from the economic recession a decade ago. Companies can compete by offering unique experiences to their customers in whatever travel-related vertical that they’re in. Millennials are especially known for craving unique experiences, and 77 percent of them will use all or most of their vacation time this year. Let’s take a look at some recent technologies that are beginning to impact the way we travel, whether it’s in transportation, hospitality or restaurants:

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Why Businesses Should Care About P2P Payments

How many times have you needed to split a bill or pay back a friend but didn’t have cash? For me, it’s a regular occurrence. Just a few weeks ago, I joined six of my friends for the Game of Thrones Season 8 premiere. We ordered a few pizzas, drinks and snacks on Uber Eats and watched eagerly as (SPOILER!) Jon Snow learned he’s actually a Targaryen. When it came time to pay for my share of the order, I pulled out my phone -- not my wallet. I Venmo’d my friend $20 (description: 🍕🧟⚔).

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Biometrics Payments: Where Are We Headed?

 

Biometrics today, such as fingerprint readers and facial recognition, are making the payment experience more secure and seamless for consumers. Biometrics have been widely used in other industries including law enforcement, healthcare and voter registration for several years. In the past, authenticating a person came only in the form of either something you have (a key, a badge) or something you know (a PIN, a password). A password is more difficult to steal than a physical object, but it can still be done. Biometrics today also verify identity based on characteristics unique to the person which cannot be stolen or replicated (for the most part).

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Going Cashless: Here’s What’s Good and Bad About it

With the advent of credit cards in the early 1900s, consumers all around the world have been experiencing cashless payments. What started with these plastic cards, has now evolved into contactless and peer-to-peer (P2P) payments providing additional convenience for consumers today.

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Wallets? Where We’re Going, We Don’t Need Wallets

Have you ever wondered what it might be like to live in a world without cash? In many parts of the world, this idea of the cashless society is already taking off. Sweden is moving the fastest: only 1 in 10 citizens reported paying for something with cash last year.

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