Fashion retailer selects Postilion software for gift-card program
06 Aug 2008
NORCROSS, Ga. — Postilion, a provider of software solutions for self-service banking and payments and a division of S1 Corp., announced in a news release that Marks & Spencer has completed the implementation of a gift-card program based on Postilion solutions.
Marks & Spencer is a high-end fashion retailer with more than 600 stores located in the United Kingdom and 240 stores worldwide.
The Postilion Card Issuer solution enables retailers to manage the entire life cycle of their gift cards, including traditional paper vouchers, gift-card certificates and electronic vouchers. This comprehensive solution controls the issuing, authorization and account management for individual gift cards and batches of gift cards that can be offered as corporate incentives. Cards can be identified either by a magnetic stripe or a barcode and value is only loaded at the time of purchase. For multi-national retailers, such as Marks & Spencer, Postilion also provides the ability to issue and manage gift cards in multiple currencies, with the currency type loaded at the point of sale.
Following a successful pilot in the company's Irish stores, the Marks & Spencer gift-card program was launched in all UK stores in November 2007.
"Gift cards are proving increasingly popular with consumers in the U.K., and the project with Marks & Spencer serves to highlight this," said Grant Wyatt, general manager of Postilion Europe. "We see a growing awareness in the retail community of the benefits of running a gift card program in-house. Not only does this provide the retailer with greater control and flexibility, but as volumes of gift-card sales increase, the cost advantage of running these programs in-house becomes obvious."