GiftCard Partners Blog

Gift cards have become a versatile and appreciated choice for holiday gifting in the workplace. They provide a hassle-free way to say thank you and can cater to diverse preferences. Here are five innovative ways to use gift cards in your workplace during the holidays, benefiting employees, customers, co-workers, and even your company's philanthropic efforts.

At GiftCard Partners, we have been working hard to help gift card brands navigate the complicated eGifting technology landscape in their journey to offer eGift Cards. We've found that even though retailers accept that they will find new incremental gift card sales with early adoption, they have not rushed to do so. Forbes.com reports 70% of the retailers, recently evaluated in a CashStar study, now offer digital or “eGift cards”. This is up from 60% in 2011 and 40% in 2010. This is good news for consumers as we rely more and more on technology to organize our lives, but for retailers looking to offer eGift cards in the B2B marketplace; technology is a bit more complicated. But let’s get back to the important questions retailers ask themselves of their gift card program when preparing to go digital…”should we offer eGift cards yet?” Or “should we be early adopters or should we wait for other retailers to figure it out”? Chain Store Age online offers us their
Top 6 Misconceptions About eGift Cards and debunks them. Click to read on, the rebuttals, it will surprise you! 1. “eGift Cards will only cannibalize our existing gift card sales” 2. “Fraud in eGift Cards is too pervasive” 3. “Our IT department can build this internally” 4. “The technology is unproven” 5. “Customer adoption isn't there yet” 6. “New hardware will be required in all stores”
If you are a retailer looking to “go digital” with your gift cards, Gift Card Partners can help with our RFP  Management service. We embrace the tricky work of renegotiating existing vendor relationships, and help retailers implementing new relationships, with: card supplies, processors, payment systems providers, and more.  >>Learn more about our Services Suite designed to improve your gift card program.

According to the new Ixaris Study of Reward & Incentive Preferences, which gathered responses from over 4800 employees form 4 countries (including the U.S. and Canada) employee incentives work in keeping employees satisfied and motivated. According to the survey 28.6% of U.S. employees indicated they had been rewarded or recognized. The more staggering numbers are that 70% of respondents indicated they put in extra effort when they know they are going to be rewarded. 80% of respondents indicated that incentives make them feel valued. Rewarding employees by treating them to something special. 70% of respondents indicated that when given cash rewards they used the reward just like regular pay, but over 75% of respondents indicated that gift card incentives were used to treat themselves to something special. Allowing employees to treat themselves to something special like a meal out with their families at
The Cheesecake Factory, or a shopping spree at
The Limited, or even a bouquet of flowers for a loved one from
1-800-Flowers is a great way to show employees you care, and that their efforts are valued above and beyond their standard compensation.
For more information on the Ixaris study or the positive impact of employee incentives check out this article from Incentive Magazine.

With the holiday shopping season fast approaching retailers are preparing for big revenues and high traffic in stores. Preventing gift card fraud is a great way to ensure revenue is retained and retailers don't take a hit to their Q4 numbers because of consumer fraud. According to a recent survey by NRF 78% of retailers have been victims of gift card fraud. Here are 3 ways to prevent gift card fraud this season
1. Keep an Eye on Gift-Card Racks: Keep gift cards in an area where store clerks and floor attendants can see them. Protecting gift card numbers from view and keeping racks in plain sight will help prevent consumers from stealing cards or gift card numbers.
2. Raise a Red Flag for Zero Balance Complaints: Employees can replace customer gift cards with zero balance cards behind the register. If you receive a number of zero balance complaints from a single store it may be time to closely monitor staff.
4. Compare Number of Gift Cards Activated with the Number Sold: Doing simple comparisons of number of gift cards sold with the number activated can help you stop any issues you may have during the short 25 day shopping season. Catching a fraud issue as it's happening rather than finding out about it later is always a better strategy.
For more information on preventing gift card fraud this holiday season check out this article from Entrepreneur.com.