Fiserv Adds the Amazon Shop with Points Program to its Popular choose Rewards Offering
July 27 2023 - 9:00AM
Business Wire
Cardholders at hundreds of banks and credit
unions can now use their uChoose Rewards points to shop the
hundreds of millions of items sold on Amazon.com and the Amazon
mobile app
Fiserv, Inc. (NYSE: FI), a leading global
provider of payments and financial technology solutions, announced
today that eligible debit and credit cardholders can now redeem
their uChoose Rewards® points for purchases on Amazon.com and the
Amazon mobile app. Through this partnership, cardholders at
financial institutions that are part of the uChoose Rewards program
and enrolled in the Amazon Shop with Points program can now
seamlessly redeem rewards points for all or part of their
qualifying purchases at checkout. More than 200 financial
institutions are already enrolled and by end of year cardholders at
hundreds more financial institutions will be able to redeem their
rewards on Amazon.com and the Amazon mobile app.
“Consumers love choice, and Amazon provides it,” said Rajeev
Yerukalapudi, vice president of product management at Fiserv. “The
Amazon Shop with Points program gives cardholders another option to
redeem their uChoose Rewards points for the things they really
want, driving satisfaction and building loyalty while giving them
the opportunity to reward themselves through their purchases,
whether for daily essentials or special occasions.”
The relationship between Fiserv and Amazon enables seamless
usage of uChoose Rewards points during checkout on Amazon.com and
the Amazon mobile app. To use rewards points for purchases,
customers need to link an eligible uChoose Rewards account on
Amazon. Once an account is linked, this payment option will be
available to select during checkout. Customers can use rewards to
cover all or a portion of an order, including for tax and shipping.
Any remaining balance can be paid using the same card, an
Amazon.com gift card, credit balance, or promotional coupon. There
is no fee to use uChoose Rewards points to pay for an order and
cardholders can log into their uChoose Rewards account to confirm
whether their financial institution is eligible.
“We’re always looking for ways to enhance convenience and value
for customers,” said Tyler Aldrich, director of Amazon Payment
Products. “Expanding our Shop with Points program to include
uChoose Rewards from Fiserv will provide cardholders at these
financial institutions even more value while shopping on
Amazon.”
The 2022 Expectations & Experiences study from Fiserv showed
that 71% of consumers who have multiple payment cards select the
card they will use for a purchase based on the opportunity to
accumulate rewards. In addition, the 2022 North American Payments
Insights report from Mercator Advisory Group showed 39% of
consumers indicated that an offer of redeemable points for specific
merchandise, travel, or entertainment would be a motivator for them
to use their card more frequently.
Cardholders looking to learn more about using uChoose Rewards
points to shop on Amazon can visit amazon.com/uchooserewards.
In a world that is moving faster than ever before, Fiserv helps
clients deliver solutions in step with the way people live and work
today – financial services at the speed of life.
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move
money and information in a way that moves the world. As a global
leader in payments and financial technology, the company helps
clients achieve best-in-class results through a commitment to
innovation and excellence in areas including account processing and
digital banking solutions; card issuer processing and network
services; payments; e-commerce; merchant acquiring and processing;
and the Clover® cloud-based point-of-sale and business management
platform. Fiserv is a member of the S&P 500® Index and one of
Fortune® World’s Most Admired Companies™. Visit fiserv.com and
follow on social media for more information and the latest company
news.
FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20230727672883/en/
Media Relations: Mark Jelfs Senior Manager,
Communications Fiserv, Inc. +1 262-737-8244
mark.jelfs@fiserv.com
Additional Contact: Ann S. Cave Vice President, External
Communications Fiserv, Inc. +1 678-325-9435 ann.cave@fiserv.com
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