Payment News

First Data Corporation, based in Atlanta, Georgia and a worldwide leader in the payment processing industry released a prepaid cards services called SpendTrend Closed-Loop. They released the analysis records for users in the United States and compared redemption, activation, and reload rates by brands, spending and gift trends. Merchants that offered prepaid programs were more ...

August 22, 2010 is the day the new federal regulations over open-loop and closed-loop gift cards will take effect. Here are the difference between open-loop and closed-loop: open-loop are basically gift cards issued by the provider that can be used at more than one business (multiple merchants) and rules and regulations regarding open-loop are governed ...