New research shows consumers relying on mobile devices or computers to store their personal data, the use of egifts—digital gift cards delivered to recipients via email, social media or text message and that are redeemable in-store, online or via mobile devices—is growing. The research by Blackhawk Network, a pioneer of prepaid gift cards, payment tools…
A new study finds retailer gift cards are one of the most popular gifts in the U.S. When a retailer goes bankrupt, however, customers holding gift cards could be told to get in line with the rest of the company’s creditors. While there are no set rules about what happens to gift cards in the…
With a possible score of 66 total points across 22 criteria, a new survey on Digital Gift Cards reveals the organizations that scored highest in this year’s evaluation: 1. Sephora (55 points); 2. Starbucks (50.5 points); 3. The Home Depot (46.5 points); 4. Dunkin’ Donuts (44.5 points) and 5. Amazon (43 points). RSR Research’s sixth…
Blackhawk Network’s German subsidiary, Retailo has teamed with Deutsche Kreditbank to enable DKB’s customers to digitally purchase gift cards for Facebook, Nintendo eShop and Spotify using their online bank accounts.
Pittsburgh-based GiftCards.com has teamed with CashStar, the digital gifting company preferred by the world’s leading brands. Under the terms of the agreement, GiftCards.com is leveraging the CashStar Exchange solution, which provides real-time access to the CashStar merchant network featuring more than 200 brands.
Digital gifting specialist, CashStar, has added new capabilities to its CashStar 5 omni-channel platform.
A benchmarking study on the retail gift card industry finds Sephora as ranking at the top. Starbucks ranked as number two and The Home Depot as number three.
Simon® announced today it will team up with prepaid and payments provider Blackhawk Network to offer an enhanced Visa Simon Giftcard® at select Simon malls, Premium Outlets® and Mills, and online at simongiftcard.com. The Simon Giftcard will also be made available outside Simon centers through Blackhawk’s participating network of grocery stores and other third-party locations.
A comprehensive report of 12,000 consumers and profiles of several campus prepaid cards including BlackboardPay, Fifth Third Mastercard Prepaid Campus Card, Heartland ECSI Acceluraid Prepaid Discover Card and U.S. Bank Contour Card all show prepaid is emerging big time on campus as opposed to easy credit cards.
i2c clients Banco do Brasil Americas and SE Giftcards were each awarded a Paybefore Award for their innovative prepaid programs. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid and emerging payments community. The companies use i2c’s global commerce and prepaid processing platform to power their programs. A judging panel comprised of prepaid industry experts selected this year’s winners from a record number of applications. Banco do Brasil Americas won in the “Better Way” category for using prepaid to achieve significant process improvements. The bank’s multi-currency scholarship disbursement card has accelerated funds availability for cardholders and simplified the process of sending and receiving scholarship disbursements globally.
Merchant-issued — or closed loop — gift cards now represent $90 billion of the U.S. economy, of which an estimated $30 billion go unredeemed. Gift card value sold on the website exceeded $10 million, an increase of 5 times over 2009 and during the 2010 holiday season, there were 6 times the gift card sales volume over the same period in 2009. These findings, according to Plastic Jungle- which served double the registered users in 4Q/10 than in the prior year- also show consumers are now using secondary gift card marketplaces more than ever to extend their purchasing power and receive extra value at merchants. Plastic Jungle ultimately helps consumers get the most value out of gift cards by allowing them to sell unredeemed gift cards for up to 92% of the gift card value, buy gift cards at their favorite stores for savings up to 30%, or donate the value of their unused cards to their favorite cause. Plastic Jungle’s innovations have also sparked an increased interest in alternative payouts, and especially in electronic payouts, with users Amazon.com Gift Card payout transactions having jumped by nearly 30% in the days before Christmas.
Transaction Wireless (TW) virtual and mobile gift cards has been granted a US patent for its digital gifting and marketing platform technology. The newly issued patent protects the process and key elements utilized by Transaction Wireless for its gift card programs and services for retailers including the purchasing, delivery, ongoing management and redemption, as well as the personalization and marketing of gift cards. The Companyâs virtual and mobile platform is already launched with clients in retail, entertainment, wellness, hospitality and business-to-business markets.