MARKETING/SOCIAL MEDIA

Coupons.com adds ability to load digital coupons to payment cards

BY Dan Berthiaume

Mountain View, Calif. — Coupons.com Inc. has released updates to the Coupons.com website and the Coupons.com mobile apps with a service that lets consumers add coupons directly to payment cards. Using the Coupons.com website or Coupons.com mobile apps for iOS and Android, shoppers can add digital coupons to their credit or debit cards from Visa, MasterCard or American Express for automatic redemption at checkout.

Offers are available for restaurants and specialty retailers such as Gap, Old Navy, The Body Shop, Tilly’s and Travelocity. The service incorporates technology from the company’s recent acquisition of Yub Inc. that links offers to payment cards.

"We always look to innovate in ways that help consumers save money," said Bruce Sattley, senior VP of product management at Coupons.com. "So we are really pleased to unveil our card linked service, which sets itself apart with ease of use, great offers and support for Visa, MasterCard and American Express cards. This combination delivers a best-in-class service for consumers and merchants wanting to take advantage of this emerging medium of digital coupons for saving on card purchases, primarily for in-store transactions, which still make up more than 90 percent of U.S. purchases."

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FINANCE

Report: Prepaid debit card fees vary widely

BY Dan Berthiaume

New York – While a majority of the most popular prepaid debit cards charge monthly fees, specific fee structures vary widely. According to a study of 30 of the most widely held prepaid debit cards conducted by Bankrate.com, 83% of the prepaid cards surveyed charge monthly fees, but 33% will waive them, typically based upon the amount loaded onto the card.

Altogether, half of the cards either have no monthly fee or will waive it (down from 67% last year). In addition, more than half (53%) have an activation fee ranging from $2.95 to $9.95, depending on where the card is purchased. Ten percent do not charge an activation fee if the card is purchased online or via the phone.

Other findings include:

• Of the cards that are affiliated with an ATM network, 64% do not charge for in-network withdrawals. The range is $1 to $2.50 among those that do.

• Predictably, all 30 cards assess a fee (ranging from $1.95 to $3) for going outside the ATM network.

• Checking the card balance at an ATM will typically cost you; 77% of the cards charge a fee between $0.45 and $3.

• Ten percent do not charge for balance inquiries at any ATMs, while 7% only charge at out-of-network ATMs.

• Only 17% charge a fee for PIN-based transactions (ranging from $0.95 to $2), although an additional 7% don’t permit PIN transactions.

• Only 7% charge a fee ($1) for signature-based transactions.

• Fifty-three percent charge for receiving account statements by mail, with fees ranging from $1 to $5.95.

• Thirty-seven percent don’t charge to receive paper statements in the mail, while 10% don’t even offer mailed statements.

• Only 10% of cards offer paper statements at ATMs, and all charge either $1 or $2.50.

• Twenty-seven percent charge for customer service calls, up from 17% last year.

• More than three in four (77%) do not charge for declined transactions under any circumstances, while 10% charge either $1 or $2 for transactions declined at an ATM.

• The remaining 13% charge between $0.40 and $1.50 for all declined transactions.

• Inactivity fees are only charged by 17% of the cards that Bankrate.com surveyed (down from 29% last year).

• Among those that charge, the monthly inactivity fees range from $1.95 to $5.95.

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SUPPLY CHAIN

Casey’s streamlines DC throughput to support growth

BY Dan Berthiaume

Ankeny, Iowa — Casey’s General Stores has selected Softeon’s warehouse managements ystem (WMS), as well as its load planning, yard management, and labor management applications, to improve efficiency and accuracy of its DC operations and drive additional throughput from existing DCs to enable them to support addition of new retail stores in the same physical footprint.

“The Softeon WMS solution will streamline the entire supply chain from receipt of product at the distribution center through delivery to the stores,” said Bill Walljasper, senior VP and CFO, Casey’s. “Increasing visibility into real-time inventory will allow us to better plan picking of store orders from a range of food, beverages, tobacco products, health and beauty aids, automotive products, and other nonfood items. In addition, the solution will automate processes to improve truck load planning for weekly store replenishments that are currently in excess of 350 stores on an average of 47 routes per day.”

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