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

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.