Payments News

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Instagram founder launches gift card site for quarantined restaurants

Coronavirus quarantines are hurting local businesses, but Instagram  co-founder Mike Krieger  wants to help them keep revenue rolling in. Krieger and his wife Kaitlyn this week launched SaveOurFaves, a directory of Bay Area restaurants selling gift certificates to offset lost income amidst “shelter in place” orders across the region. Users can search for restaurants or browse by neighborhood, and then […]
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The Gift-Card Budget

“No state has had more success with this approach than Delaware. “Delaware does have the vast majority of gift-card money,” says Michael Rato, a lawyer who works on unclaimed-property cases—a consequence of the fact that an outsize number of businesses incorporate there. Mayrack estimates that money from unused gift cards is the fourth most common […]
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On The Wires

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Tech

InComm Launches Health Plan-Sponsored First Years Wellness Card™ To Support Babies’ Well Being

“InComm, a leading prepaid product and payments technology company, today launched its First Years Wellness Card™, a health plan-sponsored program that provides new parents with a restricted-spend prepaid card and special discounts to purchase everyday items they need to keep their babies healthy and happy. Walmart, Walgreens, Duane Reade, Fred’s Pharmacy, Dollar General and Family Dollar are […]
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Tech

First Mobile-Enabled Lottery Card™ Debuts in Ohio

“The new mobile-enabled Lottery Card™, now available in select grocery and retail stores statewide, allows Ohio consumers to buy and play Powerball® and Mega Millions® in a new, convenient and fun way. Ohio is among the first states to debut this digital lottery option, which allows players to enter these draw games on their phones.”
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Tech

First Data’s 18th Annual Prepaid Consumer Insights Study Shows Growth Trends in Branded Currency

“The average consumer is spending $59 more than the original value of their gift card, up $21 from 2017, according to the 2018 Prepaid Consumer Insights Study released by First Data (NYSE: FDC) today. The report shows significant lift is being generated from gift card spend and continues to highlight a year-over-year branded currency growth trend; for […]
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Tech

Holiday Shopping Preview: Blackhawk Network Reveals Top 2018 Consumer Gift Card Preferences; Dining and Movie Categories Expected to Lead Strong Gift Card Sales

“With the reveal of its 2018 holiday shopping preview today, Blackhawk Network expects strong holiday gift card sales led by the dining, movie, sporting goods, beauty supply and specialty home goods categories. The new report* examines trends from Blackhawk’s own U.S. sales data in addition to insights from its 2018 State of Consumer Gift Card Preferences survey.”