State of New Jersey Requests the Supreme Court Review Gift Card Decision
Post by: Karen Anderson
The New Jersey Treasury Department has petitioned the U.S. Supreme Court requesting that they review and adjust the rules regarding which state may take claim to the value of unused gift cards. In Summer 2010, [...]
Gift Card Retailers and New Jersey Governor Discuss Compromise
Post by: Karen Anderson
The ongoing issue between gift card retailers and escheatment requirements being placed on these retailers by the state of New Jersey took another turn this week. It was reported that retailers and New Jersey Governor [...]
New Jersey Gift Card Changes Repeal Bill on the Move!
Post by: Karen Anderson
In 2010, the state of New Jersey enacted legislation that forced gift card distributors to collect information about the card’s purchasers. The goal of the legislation was to increase state revenues by deeming unused gift [...]
More Companies Announce Gift Card Pullout Due To NJ Law
Post by: Karen Anderson
Joining American Express which made a similar move days before, InComm and Blackhawk Network in separate announcements on April 5th indicated that they would stop distributing gift cards in New Jersey stores. The two companies supply gift cards [...]
Reacting to NJ law, Amex Pulls Gift Cards from New Jersey Stores
Post by: Karen Anderson
The only way that New Jersey residents can now buy American Express (“Amex”) gift cards is to buy them directly from American Express. Prompting this action is a New Jersey law enacted in Fall 2010 which requires [...]
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