Point Payments (acquired by Blade Payments)

Point Payments is a processing platform company that connects loyalty reward programs to merchants so consumers can pay at checkout with their frequent flyer miles and credit card loyalty points. By enabling consumers to pay with points at merchant checkout, reward programs increase the value of their points and miles. This greater ease of use drives redemption which improves engagement and reduces contingent liabilities. Participating merchants, meanwhile, experience bigger basket sizes and lower abandon rates.