Real-Time Reward Points Payments from FIS

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Real-Time Reward Points Payments from FIS

Since 2018, FIS has been building its Premium Payback network—a consortium of US merchants linked to US credit and debit card issuers that facilitates using reward points for payments in real time whether in-store or online. Currently, 14 of the top 50 US retailers participate, including Shell, Walmart, CVS and Dollar General. Collectively, they have 110,000 retail locations. Merchants and issuers integrate with FIS using APIs. Reward points valued at $10 are the typical transaction. They can be redeemed by nearly 75 million consumers at retail locations. When consumers want to use poi...

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Nilson Report

1273

October 2024

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Real-Time Reward Points Payments from FIS

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