Open loop, petroleum and in-store gift card sales were at $115 billion in 2012, according to Mercator Advisory Group, an independent organization that provides research and advisory services to the global payments and banking industries. This year, the category is expected to increase to $120 billion, then to $124 billion in 2014. And the growth…
New State Law Causes AmEx to Pull Gift Cards in N.J.
American Express Co. has become the first company to pull its gift cards from New Jersey convenience stores, pharmacies and groceries rather than attempt to comply with a new wrinkle in the state’s unclaimed property law. AmEx spokeswoman Vanessa McCutchen told the Associated Press that the company began pulling gift cards sold through third-party retailers…
7-Eleven, T-Mobile USA Partner
T-Mobile now offers prepaid device at participating 7-Eleven stores nationwide. T-Mobile USA Inc. and 7-Eleven Inc. have announced the availability of a T-Mobile prepaid, no term contract handset in the retail chain’s 7-Eleven stores. The affordable handset works with T-Mobile’s prepaid plans and services that run on its nationwide 4G network. 7-Eleven, one of the…
epay Partners With Florida’s Turnpike Enterprise
More than 2,000 new SunPass cash-reloading locations are now available in Florida. SunPass customers can now reload their accounts using cash and view their account balance at more than 2,000 epay locations in Florida. SunPass is Florida’s electronic prepaid toll program, and is accepted on all toll roads and nearly all bridges in the Sunshine…