CardEx to Deliver Cost-Free Gift Cards to its Corporate Clients

With gift card sales increasing from $83 billion in 2006 to $97 billion in 2007, CardEx Inc has announced that it would provide its clients and agent banks gift cards without any upfront costs for the actual card plastic. Gift cards typically can run upwards of $5.95, so many companies are saving money. CardEx is also waiving shipping and handling charges on bulk orders, orders of 300 gift cards or more.

The cost-free program is designed for CardEx’s generic, non customized cards, but it will still continue to offer its premium customizable cards at competitive market prices.

(Source: Press Release Newswire)

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FirstData Corporation acquires InComm

First Data Corporation, a world leader for payment processing services and electronic commerce has announced in this press release that they are acquiring InComm. InComm is known for its industry leadership in marketing, distributing and technology innovation in the store and prepaid card industry.

InComm, in 2007, had over $300 million of net revenue and $8 billion of retail sales transactions. The goal of this acquisition is for First Data Corporation to be able to offer end to end prepaid solutions for retailers and customers throughout the world.

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