On a New Intangible Reward for Card-Linked Loyalty Programs
Albert Sitek , Zbigniew Kotulski
AbstractCard-Linked Loyalty is an emerging trend observed in the market to use payment card as a unique identifier for Loyalty Programs. This approach allows to redeem goods and collect bonus points directly during a payment transaction. In this paper, we proposed additional, intangible reward, that can be used in such solutions: shorter transaction processing time. We presented a complete solution for it: Contextual Risk Management System, that can make a dynamic decision whether Cardholder Verification is necessary for the current transaction, or not. It is also able to maintain an acceptable level of risk approved by the Merchant. Additionally, we simulated the proposed solution with real-life transaction traces from payment terminals and showed what kind of information can be determined from it.
|Publication size in sheets||0.65|
|Book||Pejaś Jerzy, El-Fray Imed, Hyla Tomasz, Kacprzyk Janusz (eds.): Advances in Soft and Hard Computing, Advances in Intelligent Systems and Computing, vol. 889, 2019, Springer International Publishing, ISBN 978-3-030-03313-2, [978-3-030-03314-9], 494 p., DOI:10.1007/978-3-030-03314-9|
|Keywords in English||Card-Linked Loyalty, Context, Risk Management, Transaction security, Payment card|
|Score|| = 15.0, 17-12-2018, BookChapterSeriesAndMatConf|
= 15.0, 17-12-2018, BookChapterSeriesAndMatConf
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.