GiftCard Partners Blog

In a Pivotal Year for Prepaid Rewards, Digital Takes the Lead—Without Leaving Physical Behind

The prepaid industry is entering a defining moment. While gift cards remain a staple of consumer and incentive programs, new research shows that prepaid products are evolving beyond one-time gifting into flexible, digital-first assets that support ongoing engagement, self-use, and long-term value.

A great post from Prepaid Expo; they outline some interesting financial prepaid stats, usages, mobile stats  and more. Interesting information about the decline in use of cash; this is a fact that employers can keep in mind when planning employee incentives and rewards. Prepaid and gift cards aren’t just as good as cash…they ARE cash and loaded on mobile devices, they are the cash of the future! Here are the tidbits most interesting to us, click below for the whole shebang: - $82 billion. That's the amount expected to be loaded onto Prepaid cards in 2012. - Consumers are using prepaid cards as a way to access wages, direct deposits increased by nearly 70% in 2011. - Mobile POS payments is expected to grow from $362.6 million in 2011 to $1.4 billion in 2017. - The use of cash is predicted to decline 3% a year until 2015, through 2015, the use of cash will decline by nearly $200 billion. - Cash point-of-sale purchases is expected to drop to 23% by 2017.
More interesting stats from Prepaid Expo

Thank you to the Prepaid Expo for bringing us this interesting infographic, which was commissioned by CoreCard®. The History of Prepaid Infographic highlights the progression of Prepaid, starting in the 1970’s and heading into predictions for 2013. The future of prepaid is not just about spending and consumerism; prepaid will thrive in government and healthcare sectors via benefit payment programs.

For many brands, gift cards are still treated as a one-time transaction: a customer buys a card, it gets redeemed, and the interaction ends. But across the prepaid and stored-value industry, that model is changing. More consumers are not just redeeming gift cards — they are reloading them and using them repeatedly, turning what was once a simple gift into an ongoing payment and loyalty tool.

In less than 2 weeks, GCP’s own Ed Shulkin and Deb Merkin will attend the Prepaid industry's biggest event. They’ll take in host keynotes, sponsors & exhibitions, and info sessions about the latest products and solutions in prepaid technologies and we’ll report the highlights back to you on this blog. Here are some helpful Prepaid Expo links: -        
Download the agenda -        
Check out the executive sessions -        
Prepaid Keynotes -        
What’s in store Check back next week to check out our Prepaid Expo round up.