Content about Federal Reserve Board

June 20, 2011

The growth of gift cards has been nothing less than phenomenal. But while gift cards have come to provide a critical source of earnings, they also face an intensifying regulatory environment, including tax and financial reporting for gift cards, that has become increasingly complex.


March 24, 2011

By Giles Sutton, J.D., LL.M, Grant Thornton LLP

By Giles Sutton, J.D., LL.M, giles.sutton@us.gt.com

Gift-card sales have surged in recent years. With electronic or virtual gift cards and mobile applications that allow consumers to purchase and redeem gift cards from their mobile/smartphones, sales only continue to grow. While consumers flock to them for their flexibility, businesses have embraced them as a means to increase sales. Not only are buyers spurred into making new purchases, but they often spend more than the gift-card amount.

August 26, 2010

As a previous Chain Store Age guest commentary from May 7, 2010 outlined, the Federal...

By David S. Almeida, dsalmeida@michaelbest.com

As a previous Chain Store Age guest commentary from May 7, 2010 outlined (available here), the Federal Reserve Board recently issued new federal regulations governing the provision of retail gift cards.

December 31, 2007

The Federal Reserve Board and the U.S. Treasury announced the newly designed $5 bill...