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 be 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 comply with gift card laws in every state, without having to make escheatment payments. This makes gift card programs easier to manage, as well as more profitable. Instead of worrying about complying with escheatment laws, companies can focus on selling gift cards to customers.

Companies that use CardFact:

• Comply immediately with unclaimed property related gift card laws in every state.

• Receive the best escheatment protection possible.

• Simplify operations and reduce costs.

In summary, CardFact clients comply with the gift card related unclaimed property laws of every state and enjoy reduced regulatory burdens at the same time. And, due to the nature of the CardFact-client relationship, states cannot seize unredeemed gift cards through escheat.