Citigroup to use rewards to turn credit card customers into digital bank account holders

Citigroup won’t use high deposit rates to win digital accounts: executive — Reuters — “Citigroup Inc does not plan to use high deposit rates to attract customers to its new digital bank accounts when it begins marketing this fall, the chief of its global consumer bank said on Tuesday… Instead, the bank will market the accounts nationally to its credit card customers, such as holders of its Double Cash card and cards it issues for American Airlines Group, and Costco Wholesale Corp and Home Depot Inc… Bird said, for example, that offering additional American Airlines mileage credits will attract stable deposits to the bank.”


AmEx to personalize rewards to specific members and products

On the Money: Credit cards to perfect targeting program — The Associated Press — “American Express is piloting a program that will allow merchants to reward customers for purchasing specific items at their stores, starting with online merchant Boxed… Beyond promoting specific items, the change will also let American Express and its merchant customers target promotions to very specific customers.”


Maybank teams up with GrabPay for mobile payments in Malaysia

Grab partners Maybank to promote GrabPay in Malaysia — The Straits Times — “The tie-up brings the GrabPay mobile wallet to its second country after Singapore. Grab has plans to roll out the GrabPay service across all eight countries in South-east Asia this year… Maybank’s Malaysia customers will be able to use the GrabPay mobile wallet to conduct both payments at Maybank’s key merchants, and to top-up their mobile wallet directly from their bank accounts. Maybank customers who use GrabPay to pay for rides and other services on Grab will enjoy exclusive benefits and rewards.”




Barclays signs digital and mobile payments deal with PayPal

Barclays and PayPal announce industry leading partnership — Barclays — “Consumers are expected to benefit from a raft of new features that will make it even easier to manage their PayPal account in Barclays digital channels, and to use their Barclays products in their PayPal digital wallet… PayPal and Barclays will explore unique ways to connect Pingit and PayPal to improve how customers can move and manage their money. The partnership will also explore opportunities for US consumers to redeem Barclays reward points at businesses that accept PayPal worldwide.”


Samsung Pay rolls out its rewards program in India

Samsung Rewards now rolling out to Samsung Pay users in India — Financial Express — “Samsung India on Thursday rolled out Samsung Rewards for the users of its mobile payments service Samsung Pay in India where they can collect and redeem ‘points’ to purchase the company’s devices. The programme is already available for Samsung Pay users in other global markets, including South Korea, the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand and Malaysia.”


Dutch retailers sign up for OK mobile payments and rewards app

OK app conquers the Netherlands — OK (translation) — “Major players who will soon offer OK are the Superunie members in food retail like Coop, Deen, Dirk, Spar and DekaMarkt. Food and hospitality services include Febo and Van der Valk, as well as online players such as FonQ and deonlinedrogist.nl. Other partners include GrandVision (Eyewish, Pearle, zonnebrillen.com), Sundays, Verbunt Wines, Jamin, Karwei, Praxis, Vitaminstore and FrieslandCampina.”


Macy’s brings mobile self-checkout to department stores

Macy’s to add mobile checkout to all stores by year’s end — CNBC — “The platform allows shoppers to scan barcodes on items (apparel, home goods, etc) with their phones, as they add merchandise to their baskets in stores. Relevant discounts and rewards will also be applied, via a shopper’s loyalty account, throughout. When customers are finished shopping, they will head to a special counter for mobile checkout, where an associate will remove security tags and make sure the number of items scanned adds up to those paid for. Then, they’re ready to go.”


UK supermarket rolls out in-aisle checkout and rewards

Convenient future in store as Co-op dials-up pay in aisle technology — Co-op — “The innovative move, which harnesses the latest technology, allows customers to scan products on their own device as they walk around the store — known as a ‘frictionless shopping experience’. When they have finished shopping, the amount they owe will then be deducted from their account with a single click… The technology also links information from a customer’s Co-op Membership account — telling shoppers how much they have saved and, how much the Co-op will donate to local good causes following the transaction.”


E-ZPass lets drivers use their toll pass to make purchases from their car

Verdeva’s PayByCar makes in-vehicle payment simple with unprecedented E-ZPass deal — Verdeva — “Anybody who has an E-ZPass transponder in their car can enroll in PayByCar and be able to drive up and pay without ever reaching for their wallet… When a member drives up to a participating retailer, PayByCar recognizes the toll transponder on the car and the presence of the driver’s cell phone. It authorizes and automates payment using the member’s chosen method for Verdeva non-tolling transactions, which is on file with PayByCar, and offers personalized rewards.”


Singapore Airlines to issue blockchain wallet that lets frequent flyers redeem loyalty points in stores

KrisFlyer to launch world’s first blockchain-based airline loyalty digital wallet — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme is to launch a world-first blockchain-based airline loyalty digital wallet capability that will help unlock the value of KrisFlyer miles to enable everyday spending at retail partners… It will allow the extensive KrisFlyer membership base to use ‘digital KrisFlyer miles’ for point-of-sale transactions at participating retail merchants.”


Dunkin’ Donuts offers faster pickups to customers who order via mobile

Dunkin’ Donuts unveils next generation concept store in Quincy, MA — Dunkin’ Donuts — “An exclusive On-the-Go drive-thru lane lets DD Perks members who order ahead via Dunkin’s mobile app bypass the ordering lane and merge straight into the line for the pickup window… Dunkin’ Donuts has also introduced an area dedicated to mobile pickups, so that members of the DD Perks Rewards program who order ahead via Dunkin’s mobile app can get in and out of the restaurant faster than ever before.”


LA Metro to offer incentives to NFC mobile ticketing users

Metro plans to roll out new smartphone payment app later this year — Curbed — “The system is expected to be ready for testing this summer, with a full rollout planned for the fall, says Metro spokesperson Rick Jager… Promotions will be available for frequent riders. Jager says these might include incentives for users choosing to ride public transit on smoggy days or a system by which riders could earn points or ‘medallions’ when paying for trips.”


Chase offers 5% cash back on payments made with mobile wallets

Chase Freedom adds new mobile wallets category to 5% cash back rewards for first quarter — Chase — “Cardmembers can earn 5% cash back on up to $1,500 in combined purchases in quarterly categories during the first three months of 2018, including purchases they make with the card in four mobile wallets. For the first time ever, cardmembers will earn the extra rewards through this new offer when using the following mobile wallets: Chase Pay, Apple Pay, Android Pay, Samsung Pay.”



Alipay pushes into Hong Kong, India, Thailand and the Philippines with Christmas shopping festival

Alipay to hold online 24-hour Christmas shopping festival as part of expansion push — South China Morning Post — “The event will take place in Hong Kong, India, Thailand and the Philippines with Alipay partners in each location: Hutchison in Hong Kong, Paytm in India, Truemoney in Thailand and GCash in the Philippines… As part of the December event, the AlipayHK joint venture has partnered with more than 8,000 bricks-and-mortar stores to offer exclusive gifts, discounts and rewards.”


Target adds mobile payments, coupons and rewards to mobile app

Target launches Wallet in the Target app: A faster, easier way to pay and save — Target — “With Wallet, guests can pay using their Target REDcard and save with Cartwheel — all in a single scan of their phones at checkout… Wallet combines digital savings — Cartwheel offers and Weekly Ad coupons — with the 5% REDcard discount. And, coming soon, guests also will be able to store and redeem Target GiftCards with Wallet.”


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