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eGift Cards: On the Rise, But How are They Perceived by B2B Buyers?

eGift and mobile gift cards are a popular topic as excitement grows around digital technologies. CreditCards.com reports that one half of the major gift card brands that offer eGift cards only started offering them this year. Retailers and merchants are ramping up to take advantage of growing mobile and tablet buying segments, as they are quickly becoming some of the most valuable online shoppers. Interestingly, when GCP recently surveyed B2B gift card buyers; we found that the B2B market still prefers to purchase physical plastic cards over

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GiftCard Partners Expands Client Base with 4 New Brands

Wellesley, MA – November 1, 2011 – Today
GiftCard Partners (GCP) announced the addition of four new client brands: The Limited, Burlington Coat Factory, Speedway gas, and Boston Market. GCP acts as an outsourced program management team and extension of their retailer and merchant clients’ gift card marketing teams by creating or further developing their B2B gift card programs. GCP places these brands into corporate gift card programs such as employee incentive programs, loyalty programs, workplace programs like health and wellness, fundraising, Scrip, and consumer promotions (incentive/gift with purchase).

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Mobile Banking is changing consumers' relationship with their money

The latest analytics from comScore Inc. indicate that the number of consumers using mobile online banking has increased 45% since one year ago.  This staggering number is proving the shift to mobile technology use is growing, and most importantly, that consumers are beginning to trust mobile technology more as it continues to develop. Upon the initial introduction of mobile financial applications the majority of consumers indicated through various surveys and studies that they used mobile technology, but would not do so for banking or financial purposes. Having a trusting consumer base has caused a massive growth in mobile banking, which could also mean big changes for gift card usage and receipt of employee rewards.  Imagine getting a spot reward, gift card from your boss for doing well on a big project, and having it download right to your phone. Or having your year end bonus go into your checking account and being able to move that money around on your way to buy your holiday gifts. Mobile banking is changing the way people handle their money. How will it change your financial attitudes? Do you trust mobile banking?
For more information on the latest comScore Inc. analysis click here.

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Mobile Retail: Combining in-store and online shopping

Increasing numbers of consumers are using their mobile devices while shopping.  In tough economic times, consumers are always looking for the best deal, and will do extra work and research to ensure that they get the best price.  Consumers are now looking for deals, coupons, rewards, and free gifts through their mobile devices.  63% of consumers asked in the 2011 Hipcricket Mobile Marketing Survey said that they had accessed a retailer's website from their mobile device, and 41% said they had done so from inside a retail store.  Mobile technology is revolutionizing the way consumers shop and receive coupons and special offers, it is even changing the way employers give out rewards and incentives. Imagine getting your holiday gift in a gift card form, right to your mobile device.   33% of consumers indicated that they would be interested in receiving special offers through their mobile device, which often includes quick response deals, deals only good for a few hours after receipt of the coupon. This statistic proves how engaged consumers are, and how even when consumers are on the go, or even at work, they are a captive audience for retailers looking to deliver coupons, offers, and even free gifts. Consumers are allowing retailers to access them on their mobile devices, which means a constant cycle of deals, coupons, and shopping.  This holiday season mobile engagement is going to play a big role in retailer success. If you use mobile retail sites or deals leave us a comment and let us know how you use them, and what advancements you would like to see in the future.  
For more information on the 2011 Hipcricket Mobile Marketing Survey, or mobile retail strategy click here.

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Killer Ways to Engage with Gift Cards to Build Participation

At GCP, we are constantly monitoring gift card usage… well, usage in a “bulk way”. Check out our recent favorite picks for gift card usage!

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