back Back

Blackhawk Network and SKUx partner to empower retail promotional incentives

By Pavithra R

December 18, 2020

  • Blackhawk Network
  • USA
Share

Blackhawk Network and SKUx partner to empower retail promotional incentives

Global branded payments provider Blackhawk Network has announced partnering with rising FinTech company SKUx, to power the future of retail promotional incentives.

The partnership enables Blackhawk’s global network of more than 280,000 retail distribution points with solutions for seamless distribution, reconciliation, redemption, and settlement of promotional incentives and enhanced loyalty promotions.

“As we look forward towards the future of the traditional offer industry and retailer consumer loyalty programs, we recognize the overwhelming demand for increased transparency, traceability, and proof of ROI, specifically in the digital realm. The logical evolution of this space is rapidly moving towards the FinTech rails as the next-generation of commerce offerings, and SKU-level incentive capabilities become available. We see an immediate opportunity to empower our partners with incremental revenue solutions utilizing the platform technology that SKUx has developed, and continue to improve both the in-store and eCommerce consumer shopping journey,” said Bill Warshauer, vice president Sales, Blackhawk Network.

SKUx is a FinTech startup utilizing smart, patent-pending, one-time-use digital incentives known as the Smart Incentive, to drive incremental revenue and sales for brands, retailers, and marketing agencies. Customers can utilise the company’s Platform as a Service (PaaS) to engage any audience form of their choosing and provide an intuitive, seamless, frictionless consumer experience. Its platform provides a 360-degree solution set from incentive issuance through redemption, giving clients a real-time view into offer traceability and settlement, while leveraging the latest advancements in FinTech, AI and Blockchain for enhanced security and analytics.

“We are proud to be working with a retail industry leader like Blackhawk Network to provide new opportunities for retailers and brands to increase sales and drive consumer loyalty. Over the past year of collaboration with the Blackhawk Network team, we’ve realized how aligned we are from a technology and culture perspective. Now more than ever, companies are in need of solutions that can be implemented quickly and do not require heavy lifts or extensive integrations. Our partnership with Blackhawk Network further extends our abilities to offer dynamic, plug-and-play solutions to clients that can immediately impact their bottom line. It’s an exciting time,” said SKUx co-founder and executive vice president, Kenneth Douglas.

Blackhawk Network delivers branded payment programs to help meet challenging business objectives. The FinTech provides its solutions through prepaid products, technologies and network that connects brands and people. The firm was acquired in 2018 by Silver Lake and P2 Capital Partners and is being held as a private company. It has presence in over 26 countries.

Previous Article

December 18, 2020

Billhop, Visa Finland and OmaSp to boost working capital for Finnish businesses

Read More
Next Article

December 18, 2020

4 Indian personal finance apps to check out this Christmas for direct MFs

Read More








IBSi Daily News Analysis

Complaints Fraud

May 22, 2024

Blackhawk Network

UK SMEs lack fraud protection, facing significant financial risks, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Vietnam’s PVcomBank selects Temenos Digital on AWS to enable mobile banking

Read More

May 21, 2024

Cuckoo renews relationship with GoCardless for direct debits

Read More

May 21, 2024

Bank Muamalat & Backbase to drive next-gen digital Islamic banking in Malaysia

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023