MasterCard and Excentus today announced an agreement in which MasterCard will become the exclusive payments partner of the Fuel Rewards Network™ (FRN) program, a rewards program that helps consumers earn valuable savings and instantly reduce the price of gasoline at the pump.
When FRN™ Members shop and dine with participating grocery stores, retailers, restaurants, Shell stations and nearly 700 online mall merchants, they can earn cents per gallon savings redeemable on their next fill-up. To date, Members have earned a national average of $.32 per gallon in savings. Members will soon be able to enroll their MasterCard cards in the program and gain additional rewards when they use these cards to pay for groceries and other purchases at participating merchants.
“We have a long history of providing our cardholders with unique experiences and added value beyond just transactions,” said Craig Vosburg, group executive of U.S. Market Development for MasterCard. “Our relationship with the Fuel Rewards Network extends this best-in-class loyalty platform to benefit issuers, merchants and cardholders. This program has real value in helping cardholders save at the pump, while increasing their loyalty to participating merchants and issuers.”
“Every day, Fuel Rewards Network Members are taking advantage of their shopping and dining activities to turn shopping power into savings power on every gallon of fuel they pump at participating Shell stations,” said Dickson Perry, founder and CEO of Excentus, parent company of the Fuel Rewards Network program. “There are roughly 200 million American drivers who have the potential to benefit from this program. We are thrilled to work with MasterCard to provide this unique benefit to both our current and prospective Members.”