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Cycle Show 2010 7th October 2010
Topics to be covered What’s all the fuss about? Why do your customers want them? The business case for the retailer Running a successful Prepaid Programme – Top tips Think beyond gift cards Points to consider when selecting a Gift Card Partner Questions & Answers
What is all the fuss about? Its a significant part of the market: UK Gift card and voucher marketplace worth £4bn in 2009 There were 500 programmes in place Accounts for 1.5% of all retail spend Practically all Tier 1 retailers now operate gift card programmes Gift Cards now represent 55% of all Gift Value sold Expected to peak at 90% Card and voucher sales in Q2 2010 have shown their sharpest growth ever recorded  B2B sales up by 20% Consumer sales up by 24% Leisure category up by 11% Retailers category up by 20%  Gift card malls up by 70%
Why do customers want them? 77% of recipients expressed a positive or better experience with gift cards (only 3% expressed dissatisfaction) 43% preferred cards compared to 27% the previous year (just 12% of consumers now prefer paper vouchers) 90% approve of getting gift cards from their employer (was 70%) 50% increase in the number of people preferring card rewards to cash rewards 81% of recipients spend more than face value on card 49% of gift card recipients make more visits to the store/retailer afterwards
The Business Case for the Retailer
Top UK Gift Card Schemes
Running a successful Prepaid Programme – Top Tips Make it all about the customer – understand what they want and give it to them Talk about the recipient and not about convenience Draw customers’ attention to your gift card offer – satisfy planned and impulse purchases Your brand is key – present a pretty picture Make it Christmas all year round Keep up to speed with industry prepaid trends and ideas – the US is 10 years ahead Broaden your horizon in terms of distribution and non-gift usage of cards
Think beyond Gift Cards Refund Card Savings Card Gift Card Christmas Club Gift Card Holiday Club Purchase Card Promotions Card Trade-In Card Rewards Card Loyalty Card Gift Card
Points to consider when selecting a Gift Card Partner Scalability of solution on offer Simple Point of Sales interface Quality of card and carriers Sales and service channels supported Functionality beyond Gift – personalisation, rewards, multi-wallets User configuration and management Programme reporting Time / location analysis Transaction analysis Reconciliation process and accounting support Fraud & Risk reporting Expiry date management Bulk load activity support Customer self service support Support for programme marketing and enhancement
Q&A Tony Brennan Card Commerce tbrennan@card-commerce.com t : 0870 735 2829 (UK) t : 01 617 7980 (Ire)

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Card Commerce - Gift Cards for Cycle Shops

  • 1. Cycle Show 2010 7th October 2010
  • 2. Topics to be covered What’s all the fuss about? Why do your customers want them? The business case for the retailer Running a successful Prepaid Programme – Top tips Think beyond gift cards Points to consider when selecting a Gift Card Partner Questions & Answers
  • 3. What is all the fuss about? Its a significant part of the market: UK Gift card and voucher marketplace worth £4bn in 2009 There were 500 programmes in place Accounts for 1.5% of all retail spend Practically all Tier 1 retailers now operate gift card programmes Gift Cards now represent 55% of all Gift Value sold Expected to peak at 90% Card and voucher sales in Q2 2010 have shown their sharpest growth ever recorded B2B sales up by 20% Consumer sales up by 24% Leisure category up by 11% Retailers category up by 20% Gift card malls up by 70%
  • 4. Why do customers want them? 77% of recipients expressed a positive or better experience with gift cards (only 3% expressed dissatisfaction) 43% preferred cards compared to 27% the previous year (just 12% of consumers now prefer paper vouchers) 90% approve of getting gift cards from their employer (was 70%) 50% increase in the number of people preferring card rewards to cash rewards 81% of recipients spend more than face value on card 49% of gift card recipients make more visits to the store/retailer afterwards
  • 5. The Business Case for the Retailer
  • 6. Top UK Gift Card Schemes
  • 7. Running a successful Prepaid Programme – Top Tips Make it all about the customer – understand what they want and give it to them Talk about the recipient and not about convenience Draw customers’ attention to your gift card offer – satisfy planned and impulse purchases Your brand is key – present a pretty picture Make it Christmas all year round Keep up to speed with industry prepaid trends and ideas – the US is 10 years ahead Broaden your horizon in terms of distribution and non-gift usage of cards
  • 8. Think beyond Gift Cards Refund Card Savings Card Gift Card Christmas Club Gift Card Holiday Club Purchase Card Promotions Card Trade-In Card Rewards Card Loyalty Card Gift Card
  • 9. Points to consider when selecting a Gift Card Partner Scalability of solution on offer Simple Point of Sales interface Quality of card and carriers Sales and service channels supported Functionality beyond Gift – personalisation, rewards, multi-wallets User configuration and management Programme reporting Time / location analysis Transaction analysis Reconciliation process and accounting support Fraud & Risk reporting Expiry date management Bulk load activity support Customer self service support Support for programme marketing and enhancement
  • 10. Q&A Tony Brennan Card Commerce tbrennan@card-commerce.com t : 0870 735 2829 (UK) t : 01 617 7980 (Ire)