Last month, we blogged about a FreeMonee FAQ page for U.S. Bank that hinted at a partnership. Today the bank partnered with the national gift network, making this official.
Now, the cash incentives are available for U.S. Bank cardholders to take advantage of the deals (from $2 to $50) provided by the merchant network.
Here’s how it works:
“The FreeMonee Gifts are targeted to ensure they are relevant and valuable to customers. Cardholders redeem their gift by simply using their U.S. Bank Check Card when they shop at the specific retail store, website or restaurant named in their gift message. Once the purchase is completed, U.S. Bank automatically credits the cardholder’s account with the specified gift amount.”
U.S. Bank is the first financial institution to offer FreeMonee. As Clifford Cook, CMO for U.S. Bank Retail Payment Solutions states, “U.S. Bank is continually looking for ways to reward our loyal cardholders.”
The bank has not yet made the technology available to its consumers and has not announced when it will do so.
To learn more about FreeMonee, watch its FinovateFal 2011 demo.