Payments News

On The Web

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American Express to end its Plenti frequent shopper program

“Plenti was launched in mid-2015 to great fanfare as a frequent-shopper program that would involve multiple companies and brands, similar to other programs found in Europe. American Express even launched a Plenti credit card that would give customers Plenti points for each dollar they spent on the card. While American Express was able to partner […]
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Nift raises $16.5M for a new kind of gift car

“The businesses that work with Nift (the name is short for “neighborhood gift”) can give special gift cards to their best customers. Those customers enter their codes on the Nift website, answer a few questions and can then choose from two free gifts from other local businesses.”
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Forget Airline Miles. Retailers Pile on Perks for Big Spenders.

“Retailers have spent the past few months retooling their plans to fend off competition from online retailers such as Amazon.com Inc., whose Prime membership is one of the more effective loyalty programs, as well as travel and entertainment venues, which are taking a bigger slice of consumer spending.”
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Macy’s loyalty program becomes ‘all-inclusive’

“Macy’s is extending its loyalty program to all customers — regardless of how they pay for their purchases. The department store retailer announced that it is opening up its Star Rewards loyalty program to all customers. The program was previously reserved for Macy’s cardholders.”
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Citi lets credit card customers pay Spotify subscriptions with points

“Citi has teamed up with Spotify to enable customers in Asia to use credit card points to pay their music streaming subscriptions. Citi credit card users in Malaysia, Singapore, Philippines, Hong Kong and Taiwan can use their credit card points or miles for instant redemptions on their Spotify Premium subscriptions.”
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On The Wires

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LevelUp Adds 25 New National & Regional Restaurant Brand Partners Including Smoothie King and Zaxby’s to Boost Digital Engagement

‘”As the growth engine for restaurants, it’s our job to help restaurants reach new customers and convert them into loyal guests,” said Seth Priebatsch, founder and CEO at LevelUp. “Our Broadcast product enables integrated digital ordering and rewards distribution through leading consumer channels bringing new customers in the door. And our new data-enriching capabilities help restaurants understand and […]
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Factor4 Expands Gift Card and Loyalty Apps in First Data Clover® App Market

“Factor4, LLC’s cutting edge gift card and loyalty platform, RewardOS, has expanded in First Data’s Clover® App Market. Now ISOs and merchants operating in the UK and Ireland can enhance their experience with Gift Card and Loyalty apps from Factor4 that are fully integrated into the payment flow. Both apps feature low monthly program fees and provide unlimited […]
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IKEA U.S. Launches The IKEA Visa Credit Card Making Shopping More Accessible And Affordable For The Many

“IKEA U.S. announced the launch of the IKEA Visa Credit Card, a new loyalty-driven credit card that allows customers to earn rewards on IKEA purchases and everyday spending needs such as gas, groceries and utilities. The IKEA Visa Credit Card, which will be available starting today (May 15), will allow customers to earn meaningful rewards on their […]