What If Retailers Had No Liability on Their Books for Redeeming Rewards?

Discussion in 'Blogstand' started by BoardingArea, Jul 3, 2015.  |  Print Topic

  1. BoardingArea

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    Frequent flyer miles are proprietary currency where the issuer offers the promise of redemptions (although airlines at least have no obligation to honor that promise). What if a retailer created their own currency but didn't promise to accept it for redemptions? That seems to me like a bad idea, but there's a company promoting just such a thing. Somehow other businesses would still accept the currency as payments for their merchandise. Continue reading What If Retailers Had No Liability on Their Books for Redeeming Rewards?...

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