While retailers tell customers to treat gift cards as cash, the cards aren't exactly cash. Retailer gift cards, known as closed-loop cards, issued by the store, are not federally regulated, but some 36 states have enacted some type of gift card legislation that regulates the various fees and expiration dates under the cards' terms and conditions. The Tower Group, Needham, Mass., a research company for the global financial services industry, estimates that retail gift card sales in 2006 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.