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Sparkasse Introduces Automatic Payback Points Collection with Girocard
Sparkasse customers in Germany can now enjoy a new convenience as they earn Payback points automatically when paying with their Girocard (EC-Karte) at participating retailers. This innovation marks a first among major German banks, aiming to increase customer loyalty by embedding loyalty benefits directly into everyday banking cards.
To take advantage of this feature, customers must first register and link their Girocard to their Payback account via Sparkasse's "S-Vorteilswelt" platform. This can be done through online banking or the Sparkasse app. Once linked, the Girocard will automatically collect Payback points upon payment, eliminating the need for an extra Payback card or app.
The new Girocard Bonus program is currently rolling out regionally and aims to expand to over 12,000 retailers across Germany, including well-known partners like Aral gas stations, dm drugstores, and Edeka supermarkets. Points are credited directly when customers pay with their Girocard at the checkout within these partner stores.
Data privacy is maintained by sharing only necessary information with Payback, such as the Payback number and transaction details, without exposing further personal data.
Here's how to link your Sparkasse card to your Payback account:
- Log in to the S-Vorteilswelt and select the Sparkasse card to be linked to Payback.
- Once the accounts are connected, customers can collect points when paying with their Sparkasse card.
However, it's important to note that customers of Sparkasse, Volksbank, and others may be at risk of their account being affected, as it pertains to their PIN. The specific risk to the account is not specified in the information provided.
For further warnings and precautions, Sparkasse has provided a detailed warning at this link: sparkasse.de/privatkunden/service/warnhinweise/muenzen.html
This new feature affects millions of Sparkasse customers in Germany, promising to enhance convenience and loyalty benefits in everyday banking transactions.
With the new Girocard Bonus program, Sparkasse customers can now earn Payback points automatically while conducting business transactions, thanks to the technology that enables automatic points collection. By linking their Girocard to their Payback account via the "S-Vorteilswelt" platform, they can collect points directly when paying at participating retailers such as Aral gas stations, dm drugstores, and Edeka supermarkets.
This innovation in finance is designed to boost customer loyalty by embedding loyalty benefits into everyday banking cards, demonstrating Sparkasse's commitment to blending technology with business practices to create a more seamless and rewarding experience for its customers.
