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December 17, 2012

A report issued by CEB TowerGroup found that sales of gift cards will surpass $110 billion and spillage will drop 20% to $1.7 billion.

Boston -- A report issued Monday by CEB TowerGroup found that sales of gift cards will surpass $110 billion and spillage will drop 20% to $1.7 billion.

Propelling gift card sales past the $100 billion dollar mark is an increase in open loop gift cards purchases like those offered by American Express, Visa, Mastercard and Discover ($40 billion), restaurant gift cards ($19 billion) and merchant cards ($36 billion).

November 2, 2012

Target unveils holiday gift card assortment; includes digital option

Target Corp. unveiled its lineup of gift cards for the upcoming holiday season.

Minneapolis -- Target Corp. unveiled its lineup of gift cards for the upcoming holiday season. The expanded assortment, which include traditional gift cards with holiday and multicultural designs, and digital options, will be available in stores on Nov. 4

October 24, 2012

The Body Shop launches eGift card program from CashStar

The Body Shop launched a new earth-friendly eGift Card service powered by CashStar, a digital gifting and incentives company.

PORTLAND, Maine -- The Body Shop launched a new earth-friendly eGift Card service powered by CashStar, a digital gifting and incentives company. Customers can now purchase and send personalized eGift Cards to family and friends for redemption online or at any of the thousands of The Body Shop stores across the United States and Canada.

October 22, 2012

Giftango and Burger King partner on digital gift card program

Digital gift card provider Giftango Corp. announced a partnership with Burger King Worldwide to launch the BK digital gift card program, which will allow customers to redeem BK Crown Cards from web-enabled mobile devices, including iOS 6 and Android phones, at participating U.S. Burger King restaurants.

Portland, Ore. -- Digital gift card provider Giftango Corp. announced Monday a partnership with Burger King Worldwide to launch the BK digital gift card program, which will allow customers to redeem BK Crown Cards from web-enabled mobile devices, including iOS 6 and Android phones, at participating U.S. Burger King restaurants.

The digital gift cards – called BK eGifts – will be made available through a variety of channels including BK.com and will also be delivered through email, SMS text or Facebook wall posts.

October 9, 2012

Card spending growth slower in September

The SpendTrend analysis for September, released by First Data Corp., found that card spending in September was down from the month prior.

Atlanta -- The SpendTrend analysis for September, released Tuesday by First Data Corp., found that card spending in September was down from the month prior.

The report, which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, showed that overall dollar volume growth was 5.8%, down from August’s 7.2% growth.

September 21, 2012

Greeting Cards — and More

E-cards may be popular, but that doesn’t mean there isn’t still a market for greeting cards. Just ask Dominique Schurman, CEO of Schurman Retail Group. The privately held, Fairfield, Calif.-based company owns and operates some 400 stores in North America, including the fast-growing Papyrus brand.