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Commerce Feed: Issue No. 4 – May 2021

By May 25, 2021No Comments

DCA Member GasBuddy Acquired by PDI

Travel and navigation app GasBuddy has been acquired by PDI, a provider of enterprise management software for convenience retailers and petroleum wholesalers. The acquisition of DCA member GasBuddy lets PCI extend capabilities in direct-to-consumer delivery of promotional offers, communication and loyalty programs.

DCA Insight

This is a strategic move for both parties. GasBuddy’s built an engaged community of more than 5 million consumers who save money at 150,000+ gas stations across North America. With PDI’s resources, GasBuddy users benefit even more from savings and peer-to-peer interactions their app’s known for. The retailers PDI serves get more value, too, to offer personalized incentives to consumers to drive sales and loyalty. Enhanced experiences for Gas Buddy users and PDI retailers are in store.

FIS Announces Bitcoin Bank Account Technology

Financial technology leader and DCA Member company FIS introduced a solution that lets banks offer customers the ability to buy, sell and hold bitcoin in their ordinary bank account. FIS is partnering with bitcoin technology and investment platform provider NYDIG.
DCA Insight
Demand for bitcoin continues to grow. Until now, consumers have had to work with unregulated entities to manage their bitcoin currency. The new FIS solution enables traditional banks to provide bitcoin services with a seamless, easy-to-use digital experience. So customers get the services they want and need from the bank they know and trust, while banks can retain existing customers and drive new business. It’s a win-win proposition.

Digital Mobile Payments Gain Momentum

Global Banking and Finance reported on key trends in the payments industry driven by advanced airtime API technology and emerging post-pandemic consumer behavior: More utility and city service payments will be made by mobile. Mobile payments will reduce barriers to cross-border trade. And social media and mobile payments will converge.

DCA Insight:

API innovations and agile start-ups are transforming the digital mobile payments space. Simplifying mundane tasks like paying electric, water, and gas bills via mobile phone is a convenient customer welcome. Removing friction (cost and efficiencies) in cross-border trade via digital payments can open new geographic markets and boost economies. And social media and messaging apps increasingly coupled with payment capabilities are enable personalized experiences consumers want.

Consumer Spending Preferences Evolve

Consumers are trending toward contactless transactions, peer-to-peer payments and mobile wallets. Many are pairing debit cards with emerging payment methods to monitor their money better and avoid credit card debt, PYMNTS.com recently reported.

DCA Insight:

Millennial and Gen Z consumers especially are drawn to frictionless debit-based mobile experiences. They’re less willing to defer payments but need the means to monitor cash on hand. These same consumers are less familiar with payment products and how to use them best. Debit issuers, merchants and FIs can strengthen relationships with these demographics by helping them navigate the space and learn financial wellness skills.

EPISODE 62: The New Digital Age of Individual Stock Ownership

This week on Commerce Code we speak with David Nelsen, Chief Executive Officer of Bumped, about the new innovations in stock investing and how owning stock is a key driver for consumer loyalty. Bumped allows consumers to earn fractional shares in the companies where they shop.
Digital Commerce Alliance members include the largest and most innovative companies in fintech, payments, retailing, e-commerce and mobile wallets. Members include Microsoft, Samsung, Rakuten, UBS, RBC, Mastercard, Discover, FIS, LVMH-24S, Hilton, Fidel, Augeo, Collinson and many more in 17 countries and 4 continents.
We bring their insights from around the world straight to you in an informative new podcast called Commerce Code. The podcast features insights, interviews and the latest news from DCA members around the world. Stay connected and subscribe to Commerce Code.

We Want to Hear From YOU!

We’d like your feedback on your membership experience; you are important to the success of the Digital Commerce Alliance! This is a chance to be completely candid and share your thoughts with us- we truly want to hear from you!
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CardLinx Forum June Webinar

Augeo/Figg: Driving the Next Transaction Through Data, Personalization and Curation

Wednesday, June 23rd | 9:00am – 10:00am PST

What’s it take to motivate shoppers to buy? The ability to deliver personalized customer experiences at scale. Targeted card-linked advertising offers powered by consumer transaction data drive revenue and loyalty. Learn more about how to connect with customers in meaningful ways.

Speakers | David Kristal, Chief Executive Officer – Augeo & Brandon Dols, President –Figg

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CardLinx Forum (a division of DCA) hosts a live, interactive webinar each month featuring speakers from some of the world’s most influential companies. They share insights on important and relevant topics for your business—including the impact of Covid-19 on consumer credit behavior, mobile wallet adoption, card-linking and lending trends. The webinar is always free to members and non-members are invited to attend at $99 per registration. Members and non-members are encouraged to register now as space is limited!

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Tuesday, June 15, 2021 | Via Zoom

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Tuesday, September 14, 2021 | Via Zoom

Mobile Wallets and CLO in 2021

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