In the beginning, loyalty programs were pretty simple – a customer buys something, that customer earns points; that customer burns those points to get something. But this simple “earn and burn” type loyalty program rewards everyone equally for their business. Sure, there may be “tiers” that allow for a higher discount, or better rewards, but overall, every customer was treated the same, regardless of their potential value to the company. A great example of this is the My....

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