Starbucks Coffee Co. yesterday began offering free wireless Internet access in its stores to customers who load at least $5 onto a Starbucks prepaid gift card and register it on the Starbucks Web site, Alisa Martinez, a company spokesperson, tells CardLine. Seattle-based Starbucks also is offering a free beverage to customers who register their cards through July 14. Providing free wireless Internet access and a free beverage to customers who register their gift cards represent the latest perks Starbucks started offering this year as part of a "Tranformation Agenda" to build customer loyalty, Martinez tells CardLine. Earlier this year, Starbucks began giving registered cardholders complimentary flavor syrups and milk alternatives in their drinks, complimentary tall beverages when they buy a pound of whole-bean coffee, and free refills of brewed coffee on the same visit (CardLine, 3/25). Customers must use their Starbucks card to get the benefits, according to the company. Starbucks plans to add other rewards to the cards, Martinez says.
-
Most big banks saw modest reductions in their requirements following this year's stress tests. The results come as the Fed prepares to smooth year-to-year swings with a new averaging rule.
9h ago -
The D.C. District Court held a hearing this morning and defendants filed briefs in a case to determine whether Federal Reserve Gov. Lisa Cook will remain on the Federal Reserve Board after her ostensible firing by President Trump earlier this week. No ruling was issued, but one is expected before the FOMC votes in mid-September.
9h ago -
Buy now/pay later lender Affirm hit profitability goals for its fiscal year 2025 and set aggressive guidance for fiscal 2026 ahead of Wall Street's estimates. Its stock soared more than 10% Friday.
August 29 -
The proposed Berkshire Hills-Brookline merger is expected to finalize on Sept. 1; Flagstar Financial has scheduled a special shareholders' meeting to simplify the bank's regulatory structure; former Credit Suisse executives agreed to settle a suit filed by shareholders claiming they failed to maintain adequate risk management; and more in this week's banking news roundup.
August 29 -
Housing regulator Bill Pulte lodged more fraud allegations against Fed Governor Lisa Cook as she filed a temporary restraining order regarding attempts to remove her.
August 29 -
Online lenders are urging the Office of the Comptroller of the Currency to force banks to disclose all account closures to the agency, following an executive order earlier this month.
August 29