Lootsie, a startup that allows advertisers target mobile-only rewards to users, announced today that it has hired its first chief operating officer, Steve Cho. Cho is a veteran of sales at IBM and comes to Lootsie via Kiip where he was the VP of business development. Kiip...
Apple’s new mobile payments system, Apple Pay, is being hailed as a game-changer — a new way to pay that will be quickly embraced by consumers and save retailers the headache and expense of break-ins into credit card-based systems. But will it? asks Retail Dive....
At Apple’s announcement of its Apple Pay mobile payments initiative on Sept. 9, something was missing: an accompanying loyalty rewards plan that some Apple observers had heard the company was developing. But despite Apple’s silence, chatter about an Apple rewards program is still growing, Yahoo...
Blackhawk Network announced that it has completed the acquisition of Dallas, Texas-based CardLab, Inc., and online provider of prepaid and rewards cards. The move comes as part of Blackhawk’s overall transition to expand their business beyond the physical retailer into B2B channels that see cards used as inentives...
Alliance Data systems has agrees to acquire Conversant for $2.3 billion. The purchase will reportedly allow Alliance to form an end-to-end marketing service, reports The Wall Street Journal. Previously known as ValueClick, Conversant specialized in targeted marketing that matches companies with their natural consumer base...
It looks like Apple might have a tougher time jumping into mobile payments than the euphoric press coverage would indicated, since the consumer population seems persistently dedicated to their total lack of enthusiasm for using their phone as a payment method. According to a new...
The Seven Need-to-Knows About Apple’s New iPhones and Mobile Payments 1. Apple will introduce NFC-enabled iPhones–the 6 and 6 Plus of sizes 4.7” and 5.5” respectively. 2. Apple Pay is the mobile payments capability. It will tokenize cardholder payment information on a secure...
Apple has reportedly negotiated deals with several leading issuers to extend card present rates to Apple for all transactions involving their cards with Apple’s new mobile payments scheme. On top of that concession, they have agreed to give Apple back part of the card present...
