In today’s CardFlash News Que: BANKRATE (gift cards); GEMALTO (report); CSI (award); and UPROMISE (survey).
BANKRATE – Gift card fees are on the decline and card security protections are on the rise. Bankrate.com surveyed 60 widely-used gift cards to determine which have the most consumer-friendly features.
Security protection is one of the most popular features added to gift cards this year. Half of the gift cards surveyed now offer the ability to add a security code (up from 35% in 2014), which can help protect the balance on a lost or stolen gift card. In addition, 72% of the cards have some form of loss and theft protection (up from 68% last year), though e-cards are more likely to have this protection than traditional gift cards.
GEMALTO – Gemalto announced the publication of its State of Software Monetization report. Survey results reveal that enterprise software customer demands are evolving and software vendors and intelligent device manufacturers need to adopt flexible and adaptable licensing and packaging techniques in order to meet these needs and generate more revenue opportunities.
CSI – Computer Services (CSI), a provider of end-to-end financial technology solutions, announced its Cybersecurity Risk Assessment service has been recognized as Best Consulting/Outsourcing/Training Solution in the 2015 BankNews Innovative Solutions Awards. The Innovative Solutions Awards recognize companies that have introduced or significantly enhanced products that help community banks increase efficiency, expand their capabilities and, ultimately, better serve their customers.
UPROMISE – With the holiday shopping season quickly approaching, Upromise by Sallie Mae surveyed parents to learn how they plan to buy gifts this year and what’s on their holiday wish lists. According to the survey, money for college is top of mind for parents, with two-thirds (68 percent) of all parents agreeing a contribution to their child’s college savings fund is the ideal gift. Of all parents, the survey found millennials prefer cash for their child’s college fund the most (78 percent). While parents want money for college savings, more than half (57 percent) admit they aren’t comfortable asking friends or family members to contribute money toward their child’s college savings account. Almost half (43 percent) of parents did rank spending time with their children without any distractions at the top of their wish list.