Combining loyalty and payments on a single card is a boon for consumers and airlines
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The air miles rewards market is set to take off, as the melding of airline customer loyalty and payment features on a single, multi-function payment card becomes a reality.
With 23.8 trillion air miles going unredeemed globally and 80% of US airline rewards program members inactive, an innovative solution combining airline loyalty with sophisticated payments features on a single multi-function card is set to significantly elevate airline frequent flyer programs.
By taking an incremental innovation approach using a “sandbox” methodology where issuers have the tools to compose and perfect new ideas, payments providers can innovate the right solution at any moment in the future.