Tech Daily

News | Analysis | Comment | Features | Reviews

Boots combines loyalty and credit cards

Boots has unveiled a combined loyalty card and credit card in partnership with Egg, the internet banking arm of Prudential.

John Leyden, vnunet.com 25 Sep 2000

Boots has unveiled a combined loyalty card and credit card in partnership with Egg, the internet banking arm of Prudential.

The Advantage Card, powered by Egg, will be the first of its kind in Europe, with smart chip technology managing both the Advantage card loyalty scheme, and Europay, Mastercard and Visa credit payment simultaneously.

For Boots, the combined card will create new opportunities for electronic marketing through in-store kiosks and online servicing of accounts via bootsadvantage.com. Customers will get Egg's standard credit card service and interest rates.

An Egg spokeswoman said the card would allow customers to build up more advantage points and enjoy the convenience of having only one card instead of two.

Boot's Advantage card scheme has 12.3 million cardholders, and more than 40 per cent of the transactions in stores are linked to the card.

Up to 300 jobs could be created at the Egg call centre in Derby at a result of the project. To support this and other initiatives, Egg is developing an additional call centre with a total capacity of 1000 on the same site.

In a separate deal, Egg has announced that its own customers will receive free antivirus and security software from Network Associates. The software, worth around £100, is designed to further instil customer confidence in online transactions, and will be downloadable from www.egg.com from November 2000.

The software offered will include antivirus software, personal firewall, intrusion detection software, email and disk encryption software.

See also:

Cost cutting is being touted as the latest panacea for dotcoms if they want to move into profitability, but research shows that such moves will only stunt their growth.  26 Oct 2000
Online bank Egg has confirmed that three people have been arrested after its anti-fraud software detected their attempts to set up bogus online bank accounts.  23 Aug 2000
VisaVisa is planning to announce 10 new rules to boost the security of online transactions carried out every day by its 21,000 members.  16 Aug 2000
Lack of consumer confidence is stifling ebusiness uptake in the UK, according to the National Consumer Council.  03 Aug 2000
Barclays has reopened its online banking service after an embarrassing security breach forced it offline yesterday afternoon.  01 Aug 2000
One in three home internet users in the UK has visited a financial services website - with internet bank Egg the most popular destination.  18 Jul 2000
The Department of Justice claims that Visa and Mastercard stifled competition in the credit and debit card market to such an extent that the US has lagged behind in the adoption of smartcard technology.  16 Jun 2000
Egg, the direct banking arm of the Prudential, has confirmed it is still planning to float this year despite the chaotic market for technology stocks.  14 Apr 2000

All Ecommerce

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

R E L A T E D   C O N T E N T