SINGAPORE, Nov. 14, 2018 /PRNewswire/ -- Ascenda, a leading
global innovator in loyalty technology and services, and Capital
One (NYSE:COF), a financial services company headquartered in
McLean, Virginia, USA, have
launched a partnership connecting Capital One's credit card rewards
program to major frequent traveller rewards programs worldwide.
Starting in December 2018,
Ascenda's global loyalty currency network, TransferConnect, will
enable Capital One to offer its Venture®,
VentureOne®, Spark® Miles and
Spark® Miles Select cardholders the flexibility to
seamlessly transfer their Capital One miles to 13 frequent
traveller programs with new program additions coming in 2019.
The partnership reinforces Ascenda's global footprint with an
expanded presence in North
America, and delivers on its mandate to enable the world's
leading financial services brands to deploy compelling premium
rewards and benefits. With a broad selection of frequent traveller
programs, real-time transfers and the ability to readily activate
new transfer partners going forward, Ascenda enables Capital One to
deliver greater choice and value to holders of its rewards
cards.
"We are excited to partner with Ascenda to give our Venture and
Spark cardholders the flexibility to transfer their Capital One
miles to leading travel programs," said Manan Mahadevia, Managing Vice President of
Rewards and Spend Strategy at Capital One. "This complements and
builds on our growing suite of travel rewards cards and travel
benefits, which make our products even more valuable and flexible.
We also look forward to working with Ascenda to add more travel
partners in the future."
"We are delighted to partner with Capital One to elevate its
market-leading travel rewards offerings," said Kyle Armstrong, CEO of Ascenda. "We share common
values around leveraging technology to craft beautifully simple,
flexible and valuable customer propositions."
TransferConnect, operated by Ascenda, is the world's leading
loyalty currency network dedicated to connecting major rewards
programs globally.
About Ascenda
Ascenda (formerly Kaligo Solutions) is a global provider of
innovative loyalty solutions and operates premium rewards
propositions for major financial services and travel brands
worldwide.
With a mandate to make loyalty simple, Ascenda's solutions are
easy to manage, fast to deploy and designed to deliver exceptional
customer value. From end-to-end loyalty management to modular
solutions such as the TransferConnect currency network, redemption
capabilities and loyalty marketing, Ascenda supercharges the
world's leading loyalty programs to build enduring customer
relationships.
For more information, please visit www.ascendaloyalty.com.
Contact: Valerie Perridon,
valerie.perridon@ascendaloyalty.com