AT&T, ExxonMobil, Macy's, Nationwide, Rite Aid, Direct Energy and Hulu are joining forces with American Express to launch 'Plenti', a US-based nationwide coalition loyalty programme through which consumers can earn and redeem points on a wide range of products, regardless of the payment method used.
The programme will officially launch this spring and is expected to include more brands in additional categories. Plenti will be free to join, and consumers can earn points and discounts using any form of payment accepted by the participating brands, including cash, prepaid and any debit, charge or credit card.
Recent research suggests that nearly three-quarters (72%) of Americans say they would prefer a rewards programme that allows them to shop at many stores versus a single brand. Plenti is designed to address that need, giving consumers options to earn points and additional value through special offers and product discounts.
Benefits for Consumers Plenti offers multiple ways for consumers to earn points:
"This is a perfect time for a true coalition loyalty programme in the US, as online marketing becomes more efficient and American consumers become more accustomed to rewards programmes, special offers and discounts," explained Ed Gilligan, president for American Express. "With our experience with the Membership Rewards programme and acquisition of Loyalty Partner (operator of the Payback programme in Europe) in 2011, we are perfectly placed to operate a loyalty programme of this scale."
How it will operate
US Loyalty is a division of American Express that will serve as the operator of Plenti, and will issue the rewards and oversee the centralised marketing activities for the programme in collaboration with the founding companies. In addition, US Loyalty will be responsible for securely managing consumer data collected through Plenti.
In 2011, American Express acquired Loyalty Partner. The company operates three subsidiaries including Payback, a multi-partner loyalty programme designed to deliver value to consumers and generate additional revenue for participating companies. Today, Payback manages coalition loyalty programmes in Germany, Italy, Poland, India and Mexico and has more than 60 million active customers.
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