JPMorgan to buy credit card reward business in bet travel will rebound

over 3 years in NY Post

JPMorgan Chase said Monday it would buy the global loyalty division of cxLoyalty Group Holdings, a third-party credit-card loyalty program service provider. The transaction, whose financial terms were not disclosed, will see the Wall Street bank integrate cxLoyalty’s technology platforms, full-service travel agency, gift card, merchandise, and points bank businesses into its Chase cards program...

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