FIS Adds Walgreens to Growing Roster of Merchants and Retailers Tapping into the Power of Premium Payback
FIS has added Walgreens to its Premium Payback network, enabling customers to redeem credit card rewards in real-time for in-store purchases. The integration allows Walgreens shoppers to utilize loyalty points during transactions, enhancing customer value. This service comes amid a growing list of participating merchants, including Paypal and Shell, and is supported by over 7,000 card loyalty programs, representing approximately 37 million eligible cardholders. The initiative is designed to drive customer loyalty and shopping frequency at Walgreens.
- Expansion of the Premium Payback network with Walgreens enhances customer engagement.
- Allows real-time redemption of loyalty points, potentially increasing transaction volume.
- Over 7,000 card loyalty programs and 37 million eligible cardholders support growth.
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JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS) has announced the addition of Walgreens to its growing list of merchants and retailers using Premium Payback, the company’s real-time rewards redemption network. Starting this month, Walgreens customers with eligible payment cards will be able to tap into their credit card rewards points in real-time to help pay for in-store purchases.
Walgreens is one of a growing number of merchants to offer its customers the opportunity to take advantage of this service, joining companies like Paypal, Shell and BP who are already a part of the FIS Premium Payback ecosystem.
With FIS Premium Payback, Walgreens customers will be given the option to “pay with points” at the point-of-sale after they’ve dipped, swiped or tapped their eligible card. A prompt on the card terminal will ask the shopper if they want to apply a credit worth
“Research shows that the ability to use card loyalty points to make purchases is becoming an increasingly important factor in consumer decisions on where to shop,” said Bruce Lowthers, president of Banking and Merchant Solutions at FIS. “By integrating FIS Premium Payback into its in-store payments network, Walgreens is taking a bold step to bring new levels of savings and value to its customers and drive return shopping.”
Thousands of financial institutions representing more than 7,000 card loyalty programs are enrolled in the FIS Premium Payback ecosystem with up to 37 million eligible cardholders. For more information on FIS’ award-winning Premium Payback solution, visit loyalty as a currency solution.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are behind our company’s mission to advance the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
