Digital Rewards Providers
Kudos® is an employee engagement and recognition platform, that harnesses peer-to-peer recognition, casual rewards, values reinforcement, and open communication to help organizations boost employee engagement, reduce turnover, improve culture, and drive productivity and performance.…
Giftbit is a rewards platform that lets users buy, send & track digital gift cards. With its web application and API, dedicated customer support, and stats on user behavior and delivery - Giftbit is designed to make it easier to fulfill and manage reward and incentive programs.…
Guusto is a Recognition and Rewards platform that is presented as simple, impactful and free. Guusto states they help HR Leaders build Employee Recognition programs that augment company culture, inspire great performance, drive productivity and boost retention. They also aim to…
Tango Card provides digital rewards and incentives. Users can access a global catalog that includes popular e-gift cards, digital Visa and Mastercard rewards, non-profit donations and bitcoin e-gift cards. Tango Card backs their catalog with easy-to-use technology and expert support.…
Tremendous, in San Francisco, offers a global rewards & incentives platform designed to make it simple for businesses to distribute gift cards, prepaid cards and money. They boast working with companies across industries and use cases: market research, health & wellness, employee…
Xoxoday Plum is a rewards, incentives, benefits & payouts infrastructure that helps businesses to simplify their rewards program while making the gratification experience delightful for end-users. Xoxoday Plum's native integration with some of the popular HRMS, HRIS, CRM, Survey,…
Rybbon is a digital rewards platform from the company of the same name in McLean, allowing users to reward research participants for completion of surveys and polls, create customer loyalty programs, or to support employee engagement, via various integrations.
All Digital Rewards is an incentive processing and payment technology provider.
Group O is an end-to-end business process outsourcing provider specializing in innovative, technologically driven marketing, supply chain, and packaging solutions.
EonX is a financial technology company powering the next generation of eWallet.
Vouchermatic™ is a web-based incentive & gamification platform used to design campaigns that drive customer engagement & improve business outcomes. It offers multiple modules to implement extrinsic rewards and intrinsic feedback mechanics to appeal to customers core drives.…
Whistle Payments offers companies a fair and transparent system to send monetary rewards to employees, wherever they are and however they prefer, through a mobile experience. Its administrative tools aim to provide the smart controls, reporting and accountability to make administration…
Recognize is an employee engagement platform. It is integrated into existing business tools, such as Microsoft Teams, Outlook, and Azure. Customizations allow companies to make their program as unique as them. Recognize is grounded in psychology principles to build intrinsic motivation…
qiibee offers a blockchain-based B2B Rewards Marketplace with access to brands, rewards, crypto, NFTs and boasts millions of new members. Loyalty programs connecting with the marketplace gain one click partner integration and zero reconciliation costs with the goal of boosting customer…
Bakkt is a financial services company focused on digital assets like rewards and loyalty points, gift cards, and cryptocurrency. Bakkt's solution enables consumers to realize the value of digital assets, merchants to engage customers through payments, and institutions to access & leverage…
The Digital Rewards Plaform from Wallet Factory enables financial businesses like banks, wallet operators, telecoms, and large retailers to leverage untapped digital opportunities as new additional revenue streams. Once integrated with existing infrastructure or implemented as a…
GOintegro offers a web and mobile App that integrates internal communications, recognitions and well-being into a single experience, through a wallet that digitalizes the delivery of benefits and awards. The vendor states more than 500 clients, from startups to large global organizations,…
What are Digital Rewards Providers?
Digital rewards providers offer platforms where businesses can give digital rewards to their customers and employees. These types of platforms may also be called incentive platforms, gifting platforms, or rewards and incentives software.
These rewards take the form of digital prepaid cards, e-gift cards, e-vouchers, e-rebate cards, or points. They can be redeemed for products, services, travel, dining, and entertainment or used to make charitable donations.
Digital rewards providers help to expedite the launch of rewards programs. The providers assist with the design, build, and launch of consumer, channel partner, and employee incentive and rewards programs. They support the management, sourcing, fulfillment, tracking, and reporting of these programs. These platforms often offer APIs that can integrate reward fulfillment into a client’s app or website.
Digital rewards are used by businesses as marketing incentives to increase customer loyalty and engagement and to incentivize, recognize, and reward their employees. Thus, digital rewards platforms may be used by HR departments, Sales teams, and Marketing teams. Digital rewards are immediately available for use by the recipient.
Digital Rewards Providers Features
Digital rewards providers will offer many of the following features:
- Provides sourcing and fulfillment of digital rewards
- Digital reward offerings - prepaid cards, e-gift cards, e-vouchers, e-rebate cards, points
- Program management
- Custom solutions
- Participant portals
- Consumer incentive management
- Employee incentive management
- Sales incentive management
- Channel partner incentive management
- Rebate management
- Fraud protection, reward validation, and processing
- Electronic distribution, email, SMS
- Redemption tracking, customer behavior analytics, and reporting
- API’s for integrating reward fulfillment into client apps and websites
Digital Rewards Providers Comparison
Consider the following when engaging a digital rewards provider:
- Use Case: Are you in the market for a digital rewards program for your customers, channel partners, or employees? Some providers offer health, wellness, workplace safety employee incentive award programs in addition to more traditional sales incentive programs. What platform features are provided to facilitate aligning customer behavior, partner, and employee outcomes to the granting of rewards?
- Customization and Rewards Options: How much customization will your program require? Does the provider offer a range of reward choices that best suit your customers, partners, and employees?
Some vendors provide a custom price quote based on your incentive and rewards goals. Providers offer pay-as-you-go options based upon a percentage of the reward value, the number of awards granted, or the number of team members. Others offer yearly flat-rate pricing based upon the features and volumes supported, ranging from $2,000 to over $10,000. Free trials are available.
Frequently Asked Questions
- Quickly launch incentive and rewards programs
- Rewards are instantaneously available to the recipient
- Promotes customer loyalty, engagement, and sales
- Boosts employee motivation and loyalty, increasing employee productivity and retention
- Strengthens relationship with channel partners