CardLinx member FIS today announced the addition of Walgreens to the growing list of merchants and retailers using Premium Payback, FIS’ 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 pay for in-store purchases. CardLinx Insight: Look for FIS to continue to...

Augeo announced today that it will acquire fellow CardLinx member Empyr. The deal terms were not disclosed. Augeo is a leading digital engagement company and card-linked technology provider to banks. Empyr powers the Yelp card-linked offer program, among other leading publisher platforms. The new company will be called Figg and will have more than 60 million linked cards and $300...

According to recent news reports, US airlines are negotiating with major card-issuers to have the banks pre-buy miles. Most airlines have been hit hard by Covid-19, grounding as many as 70% of flights—and putting the industry in desperate need of cash. Card-issuers would buy airline loyalty points and link them to card spending as an incentive to drive card use....