uChoose Rewards Members Can Now Pay with Points at the Pump at bp and Amoco Stations
22 1월 2024 - 10:30PM
Business Wire
Credit and debit cardholders whose financial
institutions offer rewards via the popular program from Fiserv can
apply points to save money on fuel at thousands of locations
Nearly four million consumers with credit or debit cards issued
by financial institutions participating in the uChoose Rewards®
program from Fiserv, Inc. (NYSE: FI), a leading global provider of
payments and financial technology solutions, can now use their card
rewards balances towards the purchase of fuel at approximately
7,000 bp and Amoco locations.
Through an integration with Engage People, the only loyalty
network that enables program members to pay with points directly at
checkout, and their partnership with Velocity Logic, a leader in
fuel rewards technology, uChoose Rewards members will have the
option to redeem points on their fuel purchase at the pump, saving
50 cents per gallon, up to 20 gallons.
“Expanding our rewards redemption options to include uChoose
Rewards gives our consumers different ways to save on their fuel
purchases, and more reasons to choose our bp and Amoco brands,”
said Mukta Tandon, vice president, US Mobility Marketing, bp. “The
ability to redeem rewards points directly at the pump is an added
convenience when people are on the go.”
“Consumers value convenience, and enabling rewards program
members to pay with points directly at the point of sale enhances
their overall experience,” said Jonathan Silver, CEO of Engage
People. “Our partnership with Velocity Logic and integration with
uChoose Rewards creates connections that empower consumers to make
the most of their loyalty.”
Paying with points is a practical way for consumers to save on
an everyday purchase, and the ability to accumulate and pay with
points enables financial institutions to enhance the value of their
card offerings and drive card usage. According to recent
Expectations & Experiences research from Fiserv, 69% of people
who have and use multiple cards say rewards are the primary
influencer when it comes to deciding what card to use for a
purchase.
“Today’s consumer expects to be rewarded for loyalty, and they
appreciate the ability to redeem rewards in a variety of ways, at
places they already visit,” said Rajeev Yerukalapudi, vice
president of Product Management at Fiserv. “Fuel is a regular
purchase for the majority of households, and diversifying uChoose
Rewards to enable redemption of points at the pump allows financial
institutions to broaden the appeal of their card rewards
programs.”
The integration of uChoose Rewards with Engage People’s platform
allows a seamless transaction experience for the cardholder. When
an eligible cardholder swipes their card at any participating bp
and Amoco pump, the user will be automatically prompted with an
offer to utilize their points. This creates a superior experience
for the cardholder, while requiring no additional work from
financial institutions.
uChoose Rewards is a flexible loyalty program that boosts
activation and use of credit or debit cards by enabling cardholders
to earn points and redeem them for items of value, including gift
cards, travel, cash back, merchandise and more. The highly
customizable solution enables financial institutions to implement a
rewards program that best suits its objectives and cardholder
base.
In a world that is moving faster than ever before, Fiserv helps
clients deliver solutions in step with the way people live and work
today – financial services at the speed of life.
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move
money and information in a way that moves the world. As a global
leader in payments and financial technology, the company helps
clients achieve best-in-class results through a commitment to
innovation and excellence in areas including account processing and
digital banking solutions; card issuer processing and network
services; payments; e-commerce; merchant acquiring and processing;
and the Clover® cloud-based point-of-sale and business management
platform. Fiserv is a member of the S&P 500® Index and one of
Fortune® World’s Most Admired Companies™. Visit fiserv.com and
follow on social media for more information and the latest company
news.
About Engage People
Engage People is the only loyalty network that enables program
members to pay with points directly at checkout. The global
technology provider connects loyalty programs with global payment
systems and online retailers, and covers 100% of the top purchase
categories in North America. Leading banks and retailers around the
world rely on Engage People for its first-of-its-kind loyalty
network and pay-with-points capabilities. Engage People is
headquartered in Toronto, Ontario, Canada and has offices in the
U.S., Canada and Italy. For more information visit:
www.engagepeople.com.
About Velocity Logic
Velocity Logic is a leader in bringing innovative reward
solutions to the fuel and convenience store industry. Velocity's
cloud-based solutions are built to provide flexibility and customer
engagement for retailers. Velocity is the only company that can
provide modular or a full turnkey software platform with a suite of
reward technologies including its patented loyalty switch
technology, c-store rewards, credit card enrollment, and the
partner redemption platform. Each is uniquely designed to give
retailers a competitive advantage. Velocity Logic is headquartered
in Binghamton, NY and has offices in the US, Canada, and India. For
more information visit: www.velocitylogicgroup.com.
FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20240122394781/en/
Media Relations: Mark Jelfs Senior Manager,
Communications Fiserv, Inc. +1 262-737-8244
mark.jelfs@fiserv.com
Additional Contact: Ann S. Cave Vice President, External
Communications Fiserv, Inc. +1 678-325-9435 ann.cave@fiserv.com
Fiserv (NYSE:FI)
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부터 4월(4) 2024 으로 5월(5) 2024
Fiserv (NYSE:FI)
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