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U.S. retail gift card loads fell in 2013 for the first time in 10 years, but loads on virtual cards began to grow.
Author: Ben Jackson Published on: May 19, 2014
Mercator Advisory Group’s new Research Report, Retail Gift Card Trends in the United States: 2013 in Review, documents the dollars loaded in 2013 onto closed-loop prepaid cards or prepaid account access devices issued by retailers. In the past, the segments in this report were included in Mercator Advisory Group’s closed-loop market assessments. While this segment has shown steady growth over the past decade, 2013 saw the market decline.
Retailers took advantage of new technologies in 2013 and loads on virtual and mobile cards began to grow after three years of relative quiet. Loads onto incentives cards reveal that the declines were not felt evenly across the industry.
This year, in order to deliver data in a more timely fashion, Mercator Advisory Group is writing reports on individual segments as data becomes available. For example, government data typically becomes available later in the year, while retailers have their data earlier in the year. Retailers have asked to receive surveys and the resulting reports earlier in the year to help them with benchmarking and planning. Mercator Advisory Group plans to develop estimates for all the market segments we have consistently followed over the past 10 years.
In the past, Mercator Advisory Group published distribution information for prepaid cards as a separate report. The report released today includes distribution information along with load information for retailer-issued cards. All the charts and tables in this report represent the average reported percentage of total loads, whether the cards were issued for direct-from-consumer loads or as incentives or other business-to-business purposes.
This report contains 22 pages and 14 exhibits.
Companies mentioned in this report include: Blackhawk Network, Cardpool, Coinstar, Dunkin Brands, Gift Card Rescue, Gyft, InComm, MCX, Plastic Jungle, Starbucks Coffee Co., Wrapp
Members of Mercator Advisory Group Prepaid Advisory Group have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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Highlights of the Report include:
Commercial & Enterprise Payments
Debit & Alternative Products
North American PaymentsInsights
Small Business PaymentsInsights
Fraud Experience PaymentsInsights
News & Events
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