The Wallet vs. The Web: How Banks Are Disrupting the Travel Industry
💳 Capital One is spearheading a shift in the travel industry by integrating payment, inventory, and AI into a powerful transaction block, owning nearly $470 billion in deposits and $660 billion in assets. This move makes banks the "Merchant of Record," controlling the customer experience as global cash usage drops below 50% in transactions. AI search engines struggle with data accuracy, but Capital One's system offers a reliable solution. Google's potential entry into this space could disrupt current dynamics.
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