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.

BNPL Users Want to Be Rewarded for Their Purchases
BNPL Users Want to Be Rewarded for Their Purchases
June 10, 2024  |  Buy Now Pay Later

More consumers would use buy now, pay later (BNPL) for larger purchases if they could be sufficiently rewarded for doing so. By the Numbers The...

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Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
June 07, 2024  |  Earnings

Victoria’s Secret is taking a more intimate approach to shopper loyalty, aiming to keep budget-conscious shoppers spending with more personalized messaging as they tighten their...

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Insomnia Cookies Moves From Indulgence to Repeat Treats With Data-Driven Loyalty
Insomnia Cookies Moves From Indulgence to Repeat Treats With Data-Driven Loyalty
June 07, 2024  |  Loyalty & Rewards

Cookies might seem like the ideal business. They seem insulated from the vagaries of inflation and economic headwinds. Who doesn’t crave an indulgence here or...

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Lululemon’s Omnichannel Push Drives 35% International Sales Growth
Lululemon’s Omnichannel Push Drives 35% International Sales Growth
June 05, 2024  |  Earnings

The days of Lululemon’s U.S. growth may be over, but it seems that international shoppers are now springing for the North American athleisure look. The...

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Bilt Uses Banyan Item-Level Data Capabilities to Enhance Rewards Program
Bilt Uses Banyan Item-Level Data Capabilities to Enhance Rewards Program
June 04, 2024  |  Partnerships

Bilt joined the Banyan platform to provide additional benefits to its members. “The addition of Banyan item-level data capabilities opens exciting new opportunities for Bilt...

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Payments Orchestration Can Give Platforms Competitive Advantage
Payments Orchestration Can Give Platforms Competitive Advantage
June 03, 2024  |  Payments Innovation

The “platformization” of various business verticals promises to streamline online commerce. For example, digital freight platforms, such as Uber Freight, Convoy and Transfix, have transformed...

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70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
May 29, 2024  |  Faster Payments

While instant payments might seem like an innovation that only big companies would embrace, these types of expenditures are gaining traction with many mom-and-pop eateries....

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PYMNTS Data Shows Co-Branded Store Cards Poised for Growth
PYMNTS Data Shows Co-Branded Store Cards Poised for Growth
May 23, 2024  |  Credit Cards

About 1 in 4 consumers in the United States own at least one co-branded or store-specific credit card. However, their popularity doesn’t come close to...

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Experian Takes Stake in Customer Engagement Firm Reward
Experian Takes Stake in Customer Engagement Firm Reward
May 22, 2024  |  Loyalty & Rewards

Experian acquired a stake in Reward, which powers bank and retail rewards programs. “The investment cements an existing commercial partnership between Reward and Experian,” the companies said...

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