Gift Cards and Loyalty Programs: A Gift or Liability?
Webinar | 04.29.15, 10:00 AM EDT - 11:00 AM EDT
Gift cards, rewards points, and other loyalty programs have improved the way retailers, consumer brands, entertainment companies, restaurants, and other merchants connect with their consumers. However, with these innovative programs comes risk and compliance concerns. Specifically, stringent federal and state consumer protection laws that are sometimes in conflict make compliance associated with these programs tricky and expensive. At the same time, arcane escheat laws subject companies to potential liabilities in the millions for unclaimed property obligations. The risks to companies holding unredeemed account balances has increased as cash-strapped states have ramped-up their enforcement efforts, including Delaware’s recent challenge of third party gift card service provider models and separate issuer entities.
During this one-hour webinar, we will help you navigate the fine line by addressing the following topics:
- Overview of Product Offerings
- Federal and State Gift Card Laws
- Unclaimed Property Implications of Gift Cards and Rewards Programs
- Holder’s Rights: NJ Case Study
- Recent State Challenges to Gift Card Issuers: Delaware v. Card Compliant case update
- Current Landscape and Planning Considerations for What’s to Come
Moderator
Walter Nagel | Partner | Crowell & Moring
Panelists
David Ervin | Partner | Crowell & Moring
Robert Peters | Managing Director | Duff & Phelps
Please click here for a copy of the presentation.
For more information, please visit these areas: Corporate and Transactional, Tax, State and Local Tax
Participants
Insights
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Digital Product Passports and Digital Material Passports: What You Need to Know (Part 2)
Digital Product Passports are set to transform how products are sold across Europe. For consumers, this means unprecedented access to product information. Sustainability and compliance data, alongside other key product details, will become far easier to access and compare than ever before. As a “single source of truth” for products, DPPs may also enable EU authorities to identify non-compliance more quickly and efficiently, potentially restricting or preventing non-compliant products from entering the European market.
