Pay for anything with credit card loyalty points

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Loyalty points systems are expanding rapidly, and the recent partnership between financial services company FIS and payments solutions companies Verifone and Modo provides customers with a new option when shopping. In thousands of outlets across the United States, shoppers are now able to pay for products with credit card loyalty points. There is no restriction on what can be bought with the points. Merchants that use Verifone credit card terminals can set up the points redemption app, which will then ask customers how they would like to pay. Modo’s chief executive says that nearly USD 16 billion worth of loyalty…

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