PYMNTS-MonitorEdge-May-2024

loyalty rewards

Loyalty programs offer rewards, discounts, or other special incentives and are designed as a reward for a customer's repeat business. Some rewards are earned and others are unlocked when signing up or referring a friend.

Card Interchange Fee Debate Confuses Costs With Who Pays Them
Card Interchange Fee Debate Confuses Costs With Who Pays Them
December 21, 2023  |  Credit Cards

Card interchange fees have fierce defenders and heated detractors. Turn on the financial news, and commentary might touch on whether cards are “free” — and...

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15% of Cardholders Cite Rewards for Increased Credit Card Spending
15% of Cardholders Cite Rewards for Increased Credit Card Spending
December 19, 2023  |  Loyalty & Rewards

Bank-issued credit cards, owned by nearly 200 million individuals in the United States, have become an essential financial tool amid inflation and rising costs, providing...

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Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
December 15, 2023  |  Loyalty & Rewards

Chase is targeting consumers’ demand for food deals with new cash-back offers, a move that comes as consumers seek card-linked offers from grocers. The banking company...

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Lolli Raises $8 Million to Grow Bitcoin Rewards Program
Lolli Raises $8 Million to Grow Bitcoin Rewards Program
December 14, 2023  |  Investments

Lolli has raised $8 million to expand its bitcoin/cashback rewards program. Co-founder and CEO Alex Adelman told TechCrunch Thursday (Dec. 14) that the new financing —...

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2023 Was the Year of Restaurant Loyalty Relaunches
2023 Was the Year of Restaurant Loyalty Relaunches
December 14, 2023  |  Loyalty & Rewards

As ongoing financial challenges have continued to constrain consumers’ budgets throughout the year, restaurants have taken the opportunity to rethink the financial incentives they offer,...

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Shoppers Want Grocery Store Loyalty Programs the Most
Shoppers Want Grocery Store Loyalty Programs the Most
December 04, 2023  |  Loyalty & Rewards

Merchants and brands can foster the use of their store and co-branded credit cards by offering consumers rewards programs, special benefits and card-linked offers. Consumers...

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Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
Preferred Payment Methods and Rewards Among Most In-Demand Digital Shopping Features in UAE
November 23, 2023  |  eCommerce

Shoppers in the United Arab Emirates (UAE) have a strong inclination toward digital features in their shopping journeys. Ninety-four percent of consumers in the Middle...

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Restaurant Subscriptions on the Rise as New Loyalty Models Emerge
Restaurant Subscriptions on the Rise as New Loyalty Models Emerge
November 22, 2023  |  Subscriptions

Increasingly, restaurants are finding ways to create recurring payment models to drive customer loyalty outside the typical points-per-dollar rewards program model. According to financial services...

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Taco Bell CDO: Short-Term Subscriptions Drive Long-Term Loyalty
Taco Bell CDO: Short-Term Subscriptions Drive Long-Term Loyalty
November 21, 2023  |  Subscriptions

As restaurants tinker with ways that they can use subscriptions to boost customer loyalty, Taco Bell is finding that offering short-term menu item “passes” can...

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