Your phone's wallet app may soon do more than hold your cards. Two companies, Wildfire Systems and Badge, are partnering to put store cashback offers inside Apple Wallet, Google Wallet and Samsung Wallet. They announced the deal at the Money20/20 USA event in Las Vegas.
What changed
Wildfire runs a rewards network of more than 50,000 merchants. Best Buy, Macy's and Ulta Beauty are among them. Badge makes technology that lets businesses add custom features to mobile wallets. Linked together, the two let merchants and rewards programs extend their offers to payment tools shoppers already use. That covers online purchases and purchases in physical stores.
How it works
A shopper adds a rewards pass to their phone wallet. The pass then shows personalized cashback and savings offers from merchants in Wildfire's network. It updates on its own as deals change. Other pieces of the system include:
- Push notifications, which are alerts that pop up on your phone, when new offers are available.
- Location-aware reminders when you are near a participating store.
- For online orders, the offer appears in the wallet app and is applied at checkout.
- In stores, the wallet you tap to pay also carries the cashback offer.
Wildfire's platform handles the tracking behind the scenes. Merchants and rewards program operators do not need to build their own system for wallet offers.
Why it matters
For shoppers, the pitch is convenience. Deals sit in the same place as the cards you already use. The tradeoff is more alerts, including ones tied to where you are. Wildfire CEO Jordan Glazier said the goal is meeting customers "where they are" to find and use offers.
What is not known yet
The announcement as reported does not give a launch date. It also does not say which rewards programs will offer these passes first, or what controls shoppers will get over alerts and location reminders. Wildfire's clients include Visa, Citi and RBC, but the material does not say which will use the wallet feature. When a pass does appear, check which notifications and location settings you allow.
The takeawayStore deals and location alerts may soon arrive in your phone wallet, so check which notifications and location settings you allow when a pass appears.