FIS Premium Payback Aims to Enhance Savings and Convenience for Bilt Members
FIS (NYSE: FIS) has announced that Bilt has selected its Premium Payback solution to power real-time rewards redemption for Bilt members. The partnership will enable Bilt Mastercard cardholders to instantly redeem their Bilt Points at participating merchants' point of sale, starting immediately.
The rollout will expand to all eligible Bilt Members in Q3 2025. The solution aims to streamline the rewards redemption process, eliminating the need for app sign-ups or downloads. According to the 2024 Customer Loyalty Study, 76% of Americans are willing to spend more with businesses when part of their loyalty programs.
Launched in 2021, Bilt operates as a payments and commerce network that converts housing and neighborhood spending into rewards. This partnership represents one of several recent wins for FIS' Loyalty business, strengthening its position in financial technology services.
FIS (NYSE: FIS) ha annunciato che Bilt ha scelto la sua soluzione Premium Payback per gestire il riscatto in tempo reale delle ricompense per i membri di Bilt. Questa partnership consentirà ai titolari di Bilt Mastercard di riscattare immediatamente i loro Bilt Points presso i punti vendita dei commercianti partecipanti, a partire da subito.
Il lancio si espanderà a tutti i membri Bilt idonei nel terzo trimestre del 2025. La soluzione mira a semplificare il processo di riscatto delle ricompense, eliminando la necessità di registrazioni o download di app. Secondo lo Studio sulla Fedeltà dei Clienti 2024, il 76% degli americani è disposto a spendere di più con le aziende quando fanno parte dei loro programmi di fidelizzazione.
Lanciata nel 2021, Bilt opera come una rete di pagamenti e commercio che trasforma le spese per abitazioni e quartieri in ricompense. Questa partnership rappresenta una delle numerose recenti vittorie per il business Loyalty di FIS, rafforzando la sua posizione nei servizi di tecnologia finanziaria.
FIS (NYSE: FIS) ha anunciado que Bilt ha seleccionado su solución Premium Payback para impulsar el canje de recompensas en tiempo real para los miembros de Bilt. La asociación permitirá a los titulares de Bilt Mastercard canjear instantáneamente sus Bilt Points en los puntos de venta de los comerciantes participantes, comenzando de inmediato.
El lanzamiento se expandirá a todos los miembros elegibles de Bilt en el tercer trimestre de 2025. La solución tiene como objetivo simplificar el proceso de canje de recompensas, eliminando la necesidad de registros o descargas de aplicaciones. Según el Estudio de Lealtad del Cliente 2024, el 76% de los estadounidenses están dispuestos a gastar más con las empresas cuando forman parte de sus programas de lealtad.
Lanzada en 2021, Bilt opera como una red de pagos y comercio que convierte el gasto en vivienda y vecindario en recompensas. Esta asociación representa una de varias victorias recientes para el negocio de Lealtad de FIS, fortaleciendo su posición en los servicios de tecnología financiera.
FIS (NYSE: FIS)는 Bilt가 프리미엄 페이백 솔루션을 선택하여 Bilt 회원을 위한 실시간 보상 사용을 지원한다고 발표했습니다. 이 파트너십은 Bilt Mastercard 소지자가 참여 상점의 판매 시점에서 즉시 Bilt 포인트를 사용할 수 있도록 합니다.
이 롤아웃은 2025년 3분기에 모든 자격이 있는 Bilt 회원으로 확대될 예정입니다. 이 솔루션은 보상 사용 프로세스를 간소화하여 앱 등록이나 다운로드의 필요성을 없애는 것을 목표로 합니다. 2024년 고객 충성도 연구에 따르면, 미국인의 76%가 충성도 프로그램에 참여할 때 기업에 더 많이 지출할 의향이 있다고 합니다.
2021년에 출시된 Bilt는 주택 및 지역 사회 지출을 보상으로 전환하는 결제 및 상거래 네트워크로 운영됩니다. 이 파트너십은 FIS의 충성도 비즈니스에 대한 최근의 여러 승리 중 하나로, 금융 기술 서비스에서의 입지를 강화합니다.
FIS (NYSE: FIS) a annoncé que Bilt a choisi sa solution Premium Payback pour activer le rachat instantané des récompenses pour les membres de Bilt. Ce partenariat permettra aux détenteurs de Bilt Mastercard de racheter immédiatement leurs Bilt Points chez les commerçants participants, et ce, dès maintenant.
Le déploiement sera étendu à tous les membres Bilt éligibles au troisième trimestre 2025. La solution vise à simplifier le processus de rachat des récompenses, éliminant le besoin d'inscriptions ou de téléchargements d'applications. Selon l'Étude de Fidélité Client 2024, 76 % des Américains sont prêts à dépenser plus avec les entreprises lorsqu'ils font partie de leurs programmes de fidélité.
Lancée en 2021, Bilt fonctionne comme un réseau de paiements et de commerce qui transforme les dépenses liées au logement et au quartier en récompenses. Ce partenariat représente l'un des nombreux succès récents pour le secteur de la fidélité de FIS, renforçant sa position dans les services de technologie financière.
FIS (NYSE: FIS) hat angekündigt, dass Bilt seine Premium Payback-Lösung ausgewählt hat, um die sofortige Einlösung von Belohnungen für Bilt-Mitglieder zu ermöglichen. Die Partnerschaft wird es Inhabern der Bilt Mastercard ermöglichen, ihre Bilt Points sofort an den Verkaufsstellen teilnehmender Händler einzulösen, beginnend ab sofort.
Die Einführung wird im dritten Quartal 2025 auf alle berechtigten Bilt-Mitglieder ausgeweitet. Die Lösung zielt darauf ab, den Prozess der Belohnungseinlösung zu optimieren und die Notwendigkeit von App-Anmeldungen oder Downloads zu beseitigen. Laut der Kundenbindungsstudie 2024 sind 76 % der Amerikaner bereit, mehr bei Unternehmen auszugeben, wenn sie Teil ihrer Treueprogramme sind.
Gegründet im Jahr 2021, fungiert Bilt als Netzwerk für Zahlungen und Handel, das Ausgaben für Wohnen und Nachbarschaften in Belohnungen umwandelt. Diese Partnerschaft stellt einen der zahlreichen jüngsten Erfolge für das Loyalty-Geschäft von FIS dar und stärkt dessen Position im Bereich der Finanztechnologiedienste.
- Partnership expands FIS's loyalty business with new client acquisition
- Immediate implementation for Bilt Mastercard holders indicates operational readiness
- Solution reduces friction in payment process, potentially increasing transaction volume
- Full rollout to all eligible members delayed until Q3 2025
- to participating merchants only
Insights
FIS's partnership with Bilt represents a tactical expansion of its Premium Payback solution into the growing rewards space, though with immediate financial impact for a company of FIS's scale ($41.7B market cap).
The integration allows Bilt members to redeem points directly at checkout with participating merchants - starting with Bilt Mastercard holders now and expanding to all eligible members in Q3 2025. This addresses a key friction point in loyalty programs, where redemption complexity often hampers utilization and perceived value.
While the announcement cites that
The strategic value lies in FIS further embedding its technology within the payments ecosystem while enhancing its competitive position against rivals like Fiserv and Global Payments. The mention of "several new wins" for FIS's Loyalty business suggests momentum in this segment but provides insufficient detail to assess material financial impact.
For Bilt, whose model transforms housing expenses into rewards, this partnership potentially increases their value proposition, but for FIS shareholders, this represents standard business development rather than a needle-moving catalyst.
Key Facts
- FIS’ award-winning Premium Payback solution has been selected by Bilt to let customers directly redeem their Bilt-issued reward points at participating merchants.
- Eligible Bilt Members will be empowered to use their rewards points easily at checkout, allowing them to save money instantly when shopping.
- Starting today, Bilt Mastercard cardholders will be the first to be able to redeem Bilt Points at the point of sale, with Bilt starting to roll out the solution to all eligible Bilt Members in the third quarter of 2025.
“The current economy is significantly increasing the demand for loyalty programs that maximize the utility of money, but inadequate technology can complicate the experience cardholders have when redeeming loyalty points, hindering the efficient movement of money,” stated Mladen Vladic, head of Products and Services for Loyalty at FIS. “Credit and debit cards continue to play a leading role in the payment experience as money moves between banks, consumers, businesses and beyond in a complex, never-ending cycle. In the fight for customer loyalty, every payment card program is a vital opportunity to seize competitive advantage and drive growth. We’re proud that FIS Premium Payback can help our clients – like Bilt – accomplish these goals.”
The Premium Payback solution from FIS seeks to drive more engaged cardholder behavior for its clients by connecting participating issuers with participating merchants to allow customers to redeem their points directly at the point of purchase, which can provide immediate savings. Displaying offers at the moment of checkout can provide cardholders with an instant benefit and can eliminate the delays and hassles of app sign-ups or downloads, which reduces friction at the point of purchase.
According to the 2024 Customer Loyalty Study from gift-giving company Snappy,
“We are constantly looking for ways to give our members more ways to redeem their points,” said Brandt Smallwood, chief strategy officer at Bilt. “FIS’ Premium Payback network will allow Bilt Members to redeem their Bilt Points to save on their purchases with some of their favorite merchants in their neighborhood.”
The partnership is one of several new wins for FIS’ Loyalty business in recent months and illustrates its ability to unlock financial technology that advances how the world pays, banks and invests.
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250403884700/en/
For More Information
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
Source: Fidelity National Information Services
FAQ
When will FIS Premium Payback be available to all Bilt Members?
What are the key benefits of FIS Premium Payback for Bilt cardholders?
How does the FIS Premium Payback partnership impact Bilt's reward program?
What percentage of Americans are more likely to spend with businesses offering loyalty programs?
