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Category Archives: Industry News

Reports Show Mobile Payments Are Catching On

    Consumers on the go are using their smartphones to pay for items they buy in a bricks-and-mortar environment, according to reports released by retailers this week. Baby apparel and toys seller Magic Beans, a 5-store chain based in the Boston area, saw that 18% of all transactions were made with mobile self-checkout in lieu of

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    Safeway’s Prepaid Card Issuer Files for IPO

      March 18, 2013 by Paul Ausick Source: Thinkstock The unit of Safeway Inc. (NYSE: SWY) that issues gift cards and other prepaid and reloadable cards this morning filed a Form S-1 with the U.S. Security and Exchange Commission (SEC) to raise up to $200 million in an initial public offering. The unit, which will be called

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      State Senate Votes to Nix Unpopular Gift Card Law

        The state has come through–well, sort of. Last night, the New Jersey Senate voted to do away withthe so-called “gift card law,” the legislation that required sending the unused balance of residents’ gift cards to the state’s coffers. The law, passed in 2010, was meant to protect consumers by forcing gift card companies to hand

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        State Tax Snapshot: Gift Cards Targeted for Escheat Enforcement

          State Tax Snapshot: Gift Cards Targeted for Escheat Enforcement
          Gift cards are exempt from unclaimed property reporting requirements in many states. In states where gift cards are subject to escheatment, a three-to-five year presumed abandonment period applies. But a growing minority of states are stepping up their efforts to subject unredeemed gift card amounts to escheatment.

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          US shoppers Love Gift Cards, which Translates to More Revenue for Retailers

            WASHINGTON D.C., July 8, 2014 – Americans love giving and receiving gift cards. They are always in demand and present retailers with significant incremental sales opportunities. This is according to new consumer research from the Retail Gift Card Association (RGCA). The Association surveyed more than 1,100 US consumers on their use of gift cards, preferences

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            Walmart Identifies Top Easter Trends: Customers Focusing on Price, Personalized Gifts and Fresh Meals this Easter

              BENTONVILLE, Ark., April 4, 2012 /PRNewswire via COMTEX/ — According to Walmart customers, when it comes to celebrating the spring’s biggest family holiday, Easter, the ability to personalize their Easter basket and including fresh ingredients in the family meal are key motivators. Walmart listened and has broadened its Easter assortment to ensure customers can purchase

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