Archived from the original on 1 maint: BOT: original-url status unknown ( link ) accessed "2012 Holiday Gift Card Spending Report".
"Gift Cards with a tjmaxx rewards access Personal Touch".
Other companies have introduced virtual gift cards that users redeem on their smartphones.
Benefits include tying them to a particular phone number and ease of distribution.Further, because of the negative impact on sales that such policies can have, most merchants have adopted and even advertise a "no fee, no expiration" policy for their gift cards, whether or not state laws require.This has helped their users recoup their share of some 55 million per day that goes unredeemed in the United States every year, by turning their unused gift cards into cash.In recent years, cybercriminals have increased their efforts to take advantage of fraudulent gift cards as they are simple to exploit with automated brute-force bot attacks.Under the federal Prepaid Payment Products Regulations, effective May 1, 2014, federally regulated gift cards may only charge maintenance fees under certain conditions, and may not set an expiry date for funds on those cards.2 Closed loop gift cards are subject to rules set by different state regulations, and issuing authorities vary widely in the rules they set for the consumer.Visa and MasterCard credit cards produce generic gift cards which need not be redeemed at particular stores, and which are widely used for cashback marketing strategies."Gift Cards an 8 Billion Gift to Retailers".accessed Buchanan, Matt.A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK 1 ) is a prepaid stored-value money card usually issued by a retailer or bank to be used as an alternative to cash for purchases.11 Gift cards have been criticized for the ability of the issuer to set rules that are detrimental to the purchaser or card recipient.National retailers such as Best Buy, Target and Home Depot.
Many cards have no value until they are sold, at which time the cashier enters the amount which the customer wishes to put on the card.
Another issue regarding gift cards are the growing concerns from retailers and other businesses about what can be done to prevent gift cards from being exploited by fraudsters.
Once a gift card has been compromised, the fraudster will then check the balance through online customer portals before using the funds or reselling on the secondary gift card market.Inc., with certain services provided by Blackhawk Network California, Inc.Some gift cards can be reloaded by payment and can be used thus multiple times.In the beginning, the Blockbuster giftcard replaced gift certificates that were being counterfeited with recently introduced color copiers and color printers.The Kmart Mags Pangilinan Cash Card was the first replacement for cash returns when a shopper did not have a receipt for a gift.