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Banks face off with fintech rivals in payments war

Bloomberg The humdrum business of helping companies pay suppliers and collect funds from customers has turned into a battleground between banks and technology upstarts, with $250 billion of revenue at stake, according to Oliver Wyman. Fintech firms such as TransferWise Ltd. and Revolut Ltd. are capturing market share from the banks that once had a stranglehold over the wholesale payments ...

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JetBlue sees cheap luxury seats spurring trans-Atlantic travel

Bloomberg JetBlue Airways Corp. is ready to brag about its premium offerings on potential trans-Atlantic routes, even if it hasn’t yet decided whether to start flying to Europe. If it jumps into one of the world’s busiest markets for business travel, the airline would be betting on replicating the success it’s had on cross-country US flights with its high-end Mint ...

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Gulfstream to boost output of G550 jet

Bloomberg Gulfstream will increase output of the G550 business jet next year as fliers continue to covet one of the oldest models in the company’s lineup. The G550 was the General Dynamics Corp. unit’s longest-range plane until the G650 went on sale about six years ago. Since then, Gulfstream had steadily reduced production of the older jet. “The plane continues ...

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