The Hill: The Feds Are Coming for Your Credit Card Rewards

Just as debit card reforms harmed consumers, so too will credit card reforms. The biggest casualty of this new legislation will be co-branded credit cards, more commonly known as rewards credit cards, which will cease to exist. For the sake of consumers and merchants, Congress must put a stop to such hazardous proposals as the unintended consequences […]

Controlling Breakage

Breakage is a term merchants use to describe the unredeemed value that consumers hold in gift cards, store credits, transit fare cards, airline miles and other “rewards” schemes.  In 2009, $87 billion worth of gift cards was purchased.  Also in 2009, there was an accumulated $30 billion of unredeemed gift cards in consumer’s hands.  The […]