Payments News

On The Web

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Providers

Klarna launches rewards program

“Fintech startup Klarna is launching a rewards program called Vibe this summer. If you use Klarna as your payment method, you’ll start earning points for every $1 you spend. You can then redeem your points for gift cards at Starbucks, Sephora, Foot Locker and Uber. Klarna is best known for its buy now and pay […]
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On The Wires

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Deals

Augeo Acquires Empyr to Create Card-Linking Powerhouse

“Augeo, a global leader in employee, member, consumer and channel partner engagement solutions, announced today it has acquired Empyr, a San Diego based card-linking platform for national brands and digital publishers. Together, they will launch a new company called Figg, combining the financial institution card-linking business of Augeo with the extensive publisher experience of Empyr. Augeo will […]
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Companies

Blackhawk Network Selected by Rybbon to Provide Mobile Wallet-Enabled Prepaid Rewards

“Global branded payments provider Blackhawk Network announced an agreement with Rybbon, a leading digital rewards platform, to provide businesses with virtual open-loop Mastercard® reward options. Businesses can now use these rewards to engage customers digitally. Reward recipients can add these Mastercard rewards to mobile wallets from Apple Pay, Google Pay and Samsung Pay to make purchases […]
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Providers

Worth the Wait for Wine Enthusiasts Vertical Finance Launches Waitlist for Grand Reserve™ World Mastercard®

“Rewards and payments innovator Vertical Finance is throwing open the waitlist for its upcoming Grand Reserve consumer credit card designed specifically for wine enthusiasts, giving early adopters the potential to amass significant bonus reward points. Building on the success of the standalone Grand Reserve rewards program, which rewards consumers for their purchases at wineries, wine […]
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Companies

New Research From PayPal Reveals How Americans Are Spending Credit Card Rewards In A COVID-19 World

“PayPal today released new research looking at purchasing behaviors of credit card rewards holders during the COVID-19 pandemic, revealing people around the country are turning to rewards balances to help them stretch their budgets (29%) and purchase the things they need most, such as groceries. However, with 39% of credit card rewards holders unaware of their rewards balances, […]
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Providers

Paysafe’s Skrill Extends Knect Loyalty Program to U.S. Customers

“Paysafe, a leading specialized payments platform, today announced the U.S. expansion of the global Knect loyalty program for its Skrill digital wallet. U.S. Skrill customers can now earn free points redeemable for cash rewards when they make transactions using the digital wallet or the associated Skrill Visa® Prepaid Card. Following the launch of the Skrill Visa® Prepaid […]
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Providers

InComm Launches American Express® Virtual Reward Card

“InComm , a leading payments technology company, today announced the launch of the American Express® Virtual Reward Card, a flexible solution for any rewards program. The American Express Virtual Reward Card is a tool designed to assist businesses in engaging customers or rewarding employees. With this digitally delivered prepaid reward card, recipients can access their […]
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Providers

Marriott International Raises $920 Million In Cash Through Amendments To Co-Brand Credit Card Agreements With JPMorgan Chase & Co. And American Express

“Marriott International, Inc. (“Marriott” or “the company”) today announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express.  These amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American Express.”