25 September 2017
Find out more

Foursquare signs Visa and MasterCard for check-in discounts

26 February 2013  |  9287 views  |  0 Woman with shopping bag

Location-based social networking outfit Foursquare has struck a deal with Visa and MasterCard that will see cardholders receive discounts for checking in at certain retailers.

The deal - which replicates an arrangement Foursquare has had in place with American Express for some time - means that users can sync their account with their debit or credit card. Then, when they check in at participating retailers, they will get a discount if they use the card for a purchase.

Foursquare gets a fee from the card firms each time an offer is redeemed, product manager Noah Weiss told AdAge, adding "this is going to be a pretty core part of our revenue model going forward".

The new service is based on First Data's OfferWise technology, enabling users to sync their card, and then swipe at check-out to receive automatic savings.

The first merchant on board is Burger King, which will give visitors to its 8000 US restaurants a $1 dollar discount on purchases over $10 if they check in.

KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Samsung to pre-load mobile devices with Visa NFC app

Samsung to pre-load mobile devices with Visa NFC app

25 February 2013  |  12796 views  |  2 comments | 18 tweets | 11 linkedin
MasterCard unveils MasterPass digital payments service

MasterCard unveils MasterPass digital payments service

25 February 2013  |  11937 views  |  1 comments | 15 tweets | 7 linkedin
BBVA ups its Game with Foursquare check-ins; Gartner plays down gamification hype

BBVA ups its Game with Foursquare check-ins; Gartner plays down gamification hype

28 November 2012  |  8651 views  |  0 comments | 17 tweets | 5 linkedin
MasterCard buys loyalty rewards specialist Truaxis

MasterCard buys loyalty rewards specialist Truaxis

07 September 2012  |  10024 views  |  0 comments
American Express syncs cards to Twitter for hashtag discounts

American Express syncs cards to Twitter for hashtag discounts

07 March 2012  |  12395 views  |  0 comments
Google Wallet gets SingleTap for coupon redemption

Google Wallet gets SingleTap for coupon redemption

18 October 2011  |  10529 views  |  0 comments
Amex partners Facebook for coupons push

Amex partners Facebook for coupons push

19 July 2011  |  10980 views  |  0 comments
American Express to offer merchant discounts via Foursquare

American Express to offer merchant discounts via Foursquare

07 March 2011  |  11825 views  |  0 comments
MasterCard launches online shopping mall

MasterCard launches online shopping mall

09 April 2010  |  10503 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13762 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10538 views comments | 14 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8736 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8704 views comments | 19 tweets | 27 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8455 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job