Pittsburgh, PA October 3, 2012 – GiftCards.com, LLC, a leading online provider of gift cards, today announced that it has licensed its secondary prepaid gift account patents to Blackhawk Network, Inc. The patents licensed to Blackhawk cover fundamental aspects of fraud prevention and elimination in the secondary prepaid gift account marketplace; the biggest hindrance to this fast growing market.
“We are very happy to make this announcement today,” said Jason Wolfe, CEO of GiftCards.com “Blackhawk Network recognizes the value in the secondary prepaid gift account market, and has assembled the intellectual property assets to make this market realize its potential. We will continue to support their efforts to move the secondary gift card/account market forward.”
GiftCards.com™ is the online leader in gift cards, corporate incentives, group gifts, and discount gift cards to hundreds of today’s most popular retailers. GiftCards.com is the exclusive website to offer payment association branded gift cards to over 4 million local retailers, including restaurants, apparel retailers, car washes and more.