News & Views - Savantor

Gift cards to make their mark?

Monday, 01 December 2008

With Christmas on the horizon and retailers worrying about the impact of the recession it may be that Gift cards will make more of an impact in the UK market this year. Well accepted in the US where the market is worth over $80bn, the UK market is less than 10% of this value but growing. Gift card ‘malls’ are more frequently seen in stores and are proving highly profitable for UK printers, plastics decorators and card manufacturers that pursue gift card business. The capital investments needed to enter the market are relatively modest, especially for businesses that already have some of the printing and finishing equipment used in card manufacture.

Visa is looking to cash in on the festive season with the launch of the UK's first Internet shopping pre-paid gift card. The £25 3V Visa Internet Shopping Gift Card can be bought over the counter at high street retailers including the Co-operative, Martin's Newsagent, Martin McColl's and Borders. Cards are activated online and the recipient is issued with a unique number and three-digit security code, which are entered at the check-out.

Woolworths and MFI may not be the gift card of choice at the moment but other retailers are doing their best to appeal. Best Buy is introducing a holiday gift card that is actually a small pair of speakers for an MP3 player, turning the gift card into a gift itself. Target WOW gift cards double as working digital cameras with 40 free prints, miniature juke boxes that play three songs, or a house that lights up and plays music. Amazon launched digital gift cards for the holiday season that can be personalised with 3D animation, personal photos, text and music. The quality of these ‘add-ons’ may be questionable but the novelty factor will probably win over people who feel guilty about just giving loved ones a piece of plastic.

Savantor Services

Savantor Services

Savantor services are tailored to Client needs based on our core service areas

Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Savantor Services

Job Opportunities

Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe

View more
Savantor Services

Savantor Views

Find out more from our Savantor brochures, MarketEye back copies and Industry opinion

Collateral Market Eye News & Views Sign Up to receive MarketEye

Client Quotes

Commercial Card Migration

"Execution at its best. We're delighted that this project has been truly outstanding and received an award from 'The Banker'. Savantor provided crucial expertise that helped us keep all our promises in terms of delivery. The scheduling, planning and control regime throughout was excellent."

Chris Mason, Director - Commercial Cards EMEA - Citi - UK

Business and Platform Strategy

"Savantor successfully advised Rabobank during preparing of the platform migration for cards. Savantor demonstrated thorough knowledge of business processes and market players combined with a practical approach."

Evert Fekkes, Business Information Manager - Rabobank - Nederland

Acquirer Risk Assessment

"The expertise provided by Savantor has greatly helped us evaluate our risk position and to take the right steps in managing our future risks. Strong, disciplined planning and an ongoing willingness to work closely with our staff played an enormous part in making this a very successful well-delivered project which will greatly help us in achieving our business goals."

Mark Healy, Chief Risk Officer - NEOVIA Financial - UK

Platform Selection & RFP Management

"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."

Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland

Acquiring market insight and strategy review

"Savantor brought an independent perspective and valuable insight that enabled Rabobank to ratify options for delivery and future growth and make informed business decisions in support of our target business model. Having used Savantor on a number of strategic projects, we have no hesitation in recommending their services to others."

Evert R Fekkes, SVP Payment & Savings Services - Rabobank - Nederland

Complex Multi-Country Migration

"This complex migration, undertaken simultaneously in Spain and Portugal, has been a complete success. Savantor has provided us with excellent support for over 3 years, both in the original business transformation programme and now this double migration. We value their open and honest approach to business, and of course the expertise that they bring."

Ricardo Gomez, Director, Operations & Technology - WiZink Bank – Spain & Portugal

Card Processing Migration

"Disciplined methodology and effective teamwork, guided by Savantor's migration expertise and operational knowledge, were the hallmarks that led to the resounding success of this project, enabling us to maintain and develop our business capability."

Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland

Moneris Solutions

"Savantor did an outstanding job of the review and I received nothing but positive feedback on the interaction with our management team."

Jeff Guthri, COO - Moneris Solutions - Canada

Clients - Request Support

Send us a support request and one of our specialists will be in contact to assist you.

Consultants – Upload your CV

Register your CV with us and gain access to a range of job opportunities through our online job search portal.