Are you a company issuing gift cards that is:

• Considering setting up a giftco,

• Operating a giftco, or

• Improperly recognizing unclaimed property and hoping to avoid being audited?

If you are, then you should consider using CardFact.

One of the biggest challenges facing companies that issue gift cards is what to do with the unused value ("breakage") left on cards. These amounts are considered abandoned or unclaimed property, and are governed at the state level. In addition to the other services offered by CardFact, a key benefit of the CardFact solution is that it enables companies to manage compliance with gift card laws in every state. This makes gift card programs easier to manage, as well as more profitable. Instead of worrying about complying with escheat or consumer laws, companies can focus on selling gift cards to customers.