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It may be hard to imagine early settlers and pioneers collecting their own version of box tops, but the history of loyalty programs dates back further than many people realize.

In this segment from Industry Focus: Consumer Goods, Motley Fool analyst Vincent Shen and senior Fool.com contributor Asit Sharma delve into the fascinating history of these programs and discuss the two-way street they present for the companies that create them and the customers who sign up.

A full transcript follows the video.

Asit Sharma has no position in any stocks mentioned. Vincent Shen has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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