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Foursquare Partners with Visa and MasterCard to Give Discounts When Users Shop

Author:
Cotton Delo
Source:

Looking to unlock a new revenue stream, Foursquare is announcing new partnerships with Visa and MasterCard that will let credit and debit card holders claim discounts at participating retailers.

The deal is essentially replicating what the company has had in place for going on two years with American Express, a program that enables people to "sync" their credit cards with Foursquare to claim discounts that appear as credits on their statements simply by checking in to a participating location.

Merchant participants have included Whole Foods, Nike, Sports Authority and Dunkin' Donuts. (American Express subsequently expanded the concept of syncing to both Facebook and Twitter, and card holders can ...

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