Friendgiftr: Your Friend in the Gift Industry

September 3rd, 2010
As of August 22, 2010, President Obama’s Credit Card Accountability, Responsibility and Disclosure Act of 2009 became active. The gift card reform dictates that gift cards no longer can legally have an expiration date less than five years from the date purchased or the date money was deposited on the card. In addition, companies cannot charge dormancy or inactivity fees on the card.
Despite being a new law, it is a principle that Friendgiftr has always stood by since day one. Friendgiftr has never placed expiration dates on their cards. To add to their flexibility, Friendgiftr cards are interchangeable for any other gift from any of our retailers, at no cost to the consumer. It’s fair, plain and simple.
The best part..
Customization of gift cards means that both giver and recipient win. We allow gift card recipients to discretely change which retailer their gift card credit is for, without the giver ever knowing, in any amount. That’s right, split 60/40, 20/80, 90/5/5 whatever you want, we don’t mind, and end up giving (or getting) a great gift every time, no matter what.
It’s not just about customizing the gift card, but the gift itself – if you receive a Starbucks gift card, but do not drink coffee, you can change it for any other gift card – go get yourself some new jeans and and a night out to one of your favorite restaurants. While most sites charge a fee for this,we firmly believe this is something consumers should not have to pay for.
In addition, Friendgiftr is mobile, quick, and easy. Consumers can purchase gift cards online using anything with internet capabilities. Phones, computers, anything.
The frustration of finding that perfect gift is reduced to nothing. Focus on relaxing and enjoying the party.
About Friendgiftr, Inc.
Friendgiftr is the premier digital storefront company currently offering over 140 of America’s favorite retail and restaurant gift cards through its website, social media sites, mobile phones and other innovative shopping platforms. Friendgiftr won the grand prize prestigious Henry Kravis Award in venture capital and entrepreneurship, and placed first in a VentureBeat.com technology trends competition held at the prestigious DEMO Conference for the concept of merging social networking and e-commerce.

Friendgiftr’s commitment since day one has been to the customer, so whenever you need a gift, remember, you have a friend in the gift industry!

-Friendgiftr

  • Share/Bookmark

One-stop shopping: Gifts for Girls

September 1st, 2010

What’s the best way to impress a girl? Other than to drive up in a sports car, a great gift is probably you’re best bet. And when it comes to gifts for girls, Friendgiftr definitely has you covered. Whether you want to send your loved one flowers or a gift basket, Friendgiftr has a merchant for that (1-800 Baskets or 1-800 Flowers)

It gets better. Want some new clothing? Browse over our dozens of clothing retailers and find new clothes on any budget.

Remember – whether it’s something plain or something bizarre, it could be phone or a new guitar – Friendgiftr has it, period.

Also, as always, gift cards are your property and are exchangeable (exclusively using us) at no cost to you, so never give or end up with a gift you don’t want.

There is simply no better one stop shop for all of your gifting needs, conveniently located just a click-away: Friendgiftr.com

  • Share/Bookmark

Back to school gift cards!

August 9th, 2010

It’s almost that time of year – yes, that exciting time when students are forced to wake up in the morning again. Shoot.

But unfortunately, it’s this same time when new clothes, shoes, books, and a multitude of other things can build up stress, and put a pretty thick dent in your wallet or bank account as well.

But not to fear, for this back to school season, Friendgiftr gift cards have you completely covered for any of your needs, on budget.

In 3 minutes or less you can send a gift card back with your young  budding student that is sure to alleviate the stress of the back to school experience, saving you time and money.

For back to school clothing, gift cards from GAP, Lands End, Old Navy, Macy’s, TJ Maxx, LL Bean, Marshalls, Sears, Kohl’s, and Banana Republic are all guaranteed to put students back to school in style, and on the appropriate budget.

They also ensure that no student will be embarrassed by their parent’s clothing selections – after all, what’s great about gift cards is it gives the recipient (the student) the power to choose what he or she wants most!

Need books? Try a gift card to Barnes & Noble or Overstock.com.

Worried about your student’s hygiene? Send them back with a CVS gift card and be sure that they have the essentials – toothbrushes, deodorant, shampoo and soap, prescriptions, etc. – so that they smell and look so good they can’t help but to impress their professors.

Or, if you want to ensure that your student eats well, try sending them back equipped with gift cards to Red Robins, Chilis, Outback Steakhouse, Red LobsterP.F. Changs, Applebees,  or any of our other dozens of restaurant and food retailers. This will save them that freshman-15 that comes from habitual fast-food eating, due to their limited budgets.

However, this is just the beginning. Is your student a budding musician? Guitar Center gift cards are a favorite here at Friendgiftr.

Or try any of our other fabulous entertainment gift cards, from movie theaters and Fandango.com, to Red Door Spas, even to numerous travel sites (make sure they come home and visit!)

Is your student a coffee addict like most college kids (check that, everyone) these days? Don’t sweat it, a simple gift card to Starbucks should give them that extra boost they need in the morning (no more dosing off in class for little Jimmy or Sally..)

And this is just scratching the surface! See all of Friendgiftr’s merchants here and find exactly what you need.

Remember, our gift cards are all exchangeable at no extra cost to the consumer, or even divisible across any of our 150+ merchants – 50 / 50 split, 25 / 75, 90 / 10 , whatever you want. The options are endless, and this way you can be sure that your gift is always being put to its best use. No more wasted gift cards and no more back to school stress!

Put simply, Friendgiftr is here to take the pressure off of parents in this back to school season, and leave all students well dressed, prepared, and feeling great about the upcoming school year.

Your friends in the gift industry..

Friendgiftr

  • Share/Bookmark

Obama Signs Credit Card Reforms Into Law: Gift Card Market Consumers Rejoice

July 22nd, 2010

As many of you heard, Obama recently signed a new set of credit card reforms (dubbed ‘Credit Card Act of 2009′) meant to protect American consumers from a great many things – fraud, suggestive marketing and advertising, fluctuating interest rates, but perhaps most importantly, themselves.

Source: http://giftr.in/9tBabX

Interestingly enough, these reforms will have many effects on a horizontal industry of great interest to us.

You guessed it, the gift card market.

Here’s why: attached to this bill were provisions relating to gift cards, such as..

  • Gift cards and gift certificates cannot expire within 5 years
  • Companies cannot charge inactivity or dormancy fees UNLESS there has been no activity for a period of 12 months

Well into 2010 and on our way to 2011, the horizon for gift cards is looking great. No longer will you be unable to use that gift card you set aside 6 months ago, nor attempt to use it and find that inactivity fees took away a large fraction of your credit.

Simply put, these new protections make gift cards an even more attractive gift.

Yet despite all these great protections now in place, there is still one fundamental problem with gift cards: nearly 10% of them go unused, costing companies millions. This suggests that despite their status as ipso-facto “free-cash” cards, consumers receiving an irrelevant gift card will simply discard it, or trade it back in for a fraction of the value to an intermediary site.

If only there was some company that realized that every single person has different tastes, and no one gift card works for all. Perhaps that company could also allow their customers to trade in their unwanted gift cards, at no cost, for other gift cards of equivalent value, or even split their unwanted gift cards across multiple merchants.

Maybe that company could even allow its customers to buy and send these gift cards via mobile phones and social networking sites, just to make it easier and more convenient.

As you may have guessed, I am being facetious. Friendgiftr already does all of this and more.

Remember, Friendgiftr are your friends in the gift industry. We want our customers to stay informed about the latest laws regarding gift cards and how they can affect you. So please, stay updated for the latest gift card information and laws..

Happy gifting!

  • Share/Bookmark

Google Unveils New, Thumbnail Image Ads

July 20th, 2010

At a special press conference in San Francisco today, Google launched a new advertising product to add to their advertising product line – Google Image Search Ads.

Google ads already receive over a billion hits a day, and these new sponsored thumbnail adds will be added across the top of Google’s image search engine.

Google executives say they are currently taking the biggest steps since the companies inception in 2001, and that these new image ads will take their advertising capabilities to the next level.

See the article here: http://giftr.in/9F0EjE

This is great because now in addition to our flickr account, you can search Friendgiftr within Google images and find our company photos and logos. This also marks yet another step forward in the way that e-commerce companies utilize advertising, with other companies sure to imitate Google.

Happy surfing!

  • Share/Bookmark

No Gift Card Needed for iPhone4 Bumper Case

July 17th, 2010

Apple Inc., after CEO Steve Jobs refused to face the reception issues with the iPhone4 for weeks, finally caved in and has now decided to offer free bumper cases to all iPhone4 users. No gift cards or cash needed.

Check it out here: http://giftr.in/bvWn0i

This new and costly step by Apple will, supposedly, solve the problem that has become known as fact: that if you place your finger over the bar on the lower left side-panel of the iPhone4, your reception will plummet – so far that you can drop the call.

However, this story is only beginning to unfold, and this is by no means the end to complaints and problems.

According to Bloomberg, one of Apple’s senior engineers raised concerns about potential reception issues with the iPhone 4 over a year ago. This brave soul (seriously, who wants to stand up to Steve Jobs? I bet they drew straws..) named Ruben Cabellero voiced his concerns regarding the design of the iPhone4 to Apple management, but he was disregarded.

This news surfacing almost a year later, notes the article, only adds more credit to the rumors of dischord between the iPhone’s design and engineering teams during development of the iPhone4.

Check it out: http://giftr.in/aZIJMA

For those still not satisfied, there was a press conference held by Apple yesterday on this very issue: check it out on Apple’s hot news feed: http://www.apple.com/hotnews/

All in all, I guess Apple should have spent a little more time on the “phone” part and a little less time on the “smart” part.

But most importantly, whether or not you have reception, be sure to use your iPhone4 or phone-of-choice to check out Friendgiftr’s mobile site and send a gift card to a loved one! All you need for that is the internet…

  • Share/Bookmark

Unused gift cards: a plague, a waste, and most of all, completely outdated.

July 14th, 2010

Consumer Reports’ ShopSmart recently discovered 7 websites where you can sell your unwanted giftcards for up to 90% of the card’s value.

Source: http://ow.ly/2b2Ja

90% is good, but it’s not great, and it’s also the maximum. For a $50 Gap Card, the prices range from $32.50 to $40.00, at most, 80% of the value.

Here at Friendgiftr, we are scratching our heads about all of this.

Our mission, from the outset, was to eliminate unused and unwanted giftcards entirely. Although it is, admittedly, pretty cool that you can exchange your unwanted gift card for 50-90% of the value, we believe that this is a hassle, a waste of money, and most of all, completely unnecessary.

Instead of a wading through a plethora of stressful steps – from receiving the gift card that you didn’t want, to then finding one of the 7 intermediary websites, to signing up for their service, paying a fee, and finally, to exchanging that card for a fraction of the value in cash, there is a better, much simpler solution: use Friendgiftr in the first place.

The cornerstone of our business plan, and why we believe our service is revolutionizing the gift card market, is simple: no more unused or unwanted gift cards.

When using Friendgiftr, the recipient of the gift card can exchange, at no additional cost, for a gift card from any of our other 140+ merchants. Better yet, the giver does not know this has occurred, so no hard feelings. Giver and receiver both win.

And the best part: if you receive a unwanted $100 gift card to Gap, but you prefer Abercrombie & Fitch and at the same time, you’d rather go out to dinner a few times, no problem. Simply exchange for $50.00 to Abercrombie, and the other $50.00 to Chilis.

Seriously.

Plus, we offer this service at no extra costs; we believe that this is not something consumers should have to pay for; this service comes one-hundred percent free, with no hidden charges, to anyone who uses Friendgiftr.

It comes down to this: every person deserves to get exactly what they want on their special day. A birthday, wedding, mother or fathers day, or any other celebration, should not be a hassle or let-down. We have and will always be on your side – the consumer’s side. Think of Friendgiftr as your friends in the gift card industry, hence the title; not another company trying to exploit hidden charges and re-coup profits from unused gift cards.

The question is not if the unused or unwanted gift card is a thing of the past – for Friendgiftr customers, it already is.

The question is how long until everybody catches on and shares the benefits.

  • Share/Bookmark

Smartphone Market Changing Composition: Implications on E-Commerce

July 13th, 2010

Even in the wake of the iphone selling over 2 million to date, a recent comScore Inc. study shows the Android – not the iPhone4 or Blackberry – increasing market share most significantly. With an expanding base of applications, the Droid seems poised to be the most successful sleeper, at least within the smartphone market.

Currently the Blackberry has over 40% of the market-share in the smartphone market, while Apple comes in at nearly 25%. However, while the Droid only ranked at 13% marketshare, the most telling statistic was the growth the Android has had, gaining an unprecedented 4% market-share in a single period.

Source: http://ow.ly/2b1Gn

Why does this matter? The comScore data also shows that companies who “optimize or create apps only for the iPhone, Blackberry, Microsoft and Android are [currently] reaching more than 90% of the smartphone market.”

This suggests that E-commerce retailers who utilize mobile phone applications to sell their products need to consider the Droid as well, should they wish to fully utilize the smartphone market, otherwise they are forgetting an important, up-and-coming segment; this is true regardless of what type of e-commerce or what product they are selling.

Friendgiftr has understood this since long before this research confirmed our beliefs. From the get-go, Friendgiftr has not only been optimized for the iPhone, Blackberry, Palm Pilot and Nokia phones, but Google’s Android series as well.

In E-commerce circles, staying on top of the smartphone market has become a staple of success, partly thanks to innovative, forward-thinking companies like Friendgiftr.

The point is, if you walk into a party or receive a notification on Facebook, and suddenly realize you forgot to get a gift for a dear friend, do not fear: your smartphone is and will continue to be your saving-grace.

Step 1: Simply go to Friendgiftr’s mobile site, or use their facebook application and send a thoughtful gift card to the recipients favorite restaurant.

Step 2: Problem solved (There is no step 2).

(And in case you didn’t know, if the recipient is not in the mood for a restaurant, he or she can change or split the gift card credits to any other of Friendgiftr’s 140+ merchants).

For those of you who don’t have a smart-phone yet, you haven’t missed the boat (at least, entirely). Friengiftr’s mobile site is accessible by ANYONE with internet capabilities on their phone.

  • Share/Bookmark

Why fireworks?

July 5th, 2010

Firstly, Friendgiftr would like to wish you all happy holidays; we hope you enjoyed your July 4th celebrations as much as we did!

But have you ever stopped to ask, why fireworks?

And how exactly do these bright lights and explosives represent our liberty and independence?

Little known fact, but fireworks are not a distinctly American invention. In fact, fireworks have been dated back some 2,000 years -  and, sorry patriots, but they were first used in China.

The myth goes that a Chinese cook working in a field kitchen mixed charcoal, sulphur, and saltpeter (all commonly found in the kitchen in those days) and placed them in a bamboo tube, by chance. The mixture then exploded, and undoubtedly left some unfortunate cosmetic effects on the cook’s face. The explosive powder created was used first for ceremonial purposes by the elite class, and it was not until the 13th Century, when Marco Polo brought this Chinese gunpowder to Europe, that it was used in rockets, canons, and firearms.

The English were the first European nation to become fascinated by fireworks as a celebratory display – during the reign of Queen Elizabeth I, the Queen enjoyed fireworks so much that she created the official position of “Fire Master of England”. Shakespeare also mentions fireworks numerous times in his works.

But how did they come to signify our independence?

The official legal separation of the American Colonies from Great Britain occurred on July 2, 1776 but the Declaration of Independence, as I’m sure you all remember from high school history classes, was approved on July 4th, after intense scrutiny and debate.

In those days, Independence Day was commemorated generally with parades, oratory, and toasting. However, even before the American Revolutionary War, primitive fireworks and black ash were commonly used used to celebrate important events.  In fact, in 1731, due to a group of pranksters in the colony of Rhode Island which injured several people, a ban was established on the use of fireworks.

The first July 4th, celebrated in 1777, did include primal fireworks displays in the festivities – in many cases, canon and musket fire.

Throughout the following years, as the benefits of our new and booming nation came within the grasp of large numbers of citizens, Americans’ growing self-confidence infused them with the spirit of celebration.

Starting even in the late 18th century, politicians began to see the appeal of using fireworks to attract large crowds for their speeches.  With this turn, fireworks became more popular than ever and became permanently entwined in USA’s collective mind – so much so, that the all-too famous lines in our national anthem reference the ‘rocket’s red glare’ and ‘bombs bursting in air’ as the proof that our flag was still flying, forever linking explosions and bright lights with the notion of our liberty and independence.

From here, they only became more and more popular, with a huge celebration of Columbus’ landing in America lighting up the Brooklyn Bridge in 1892. Over one million witnessed the event.

Today, the extravagant displays of fireworks hardly resemble what was used back in the time of our nation’s founding, but hey, who’s going to complain? We’re all too busy saying ‘Oooooh’ and ‘Aahhhhh’

..Just don’t end up like this poor sap, who blew off his own limbs lighting illegal fireworks this July 4th: http://www.digitaljournal.com/article/294205

He should have just gotten his family Friendgiftr gift cards instead.

  • Share/Bookmark

Neuroimaging Used to Accurately Predict Future Behaviors

July 1st, 2010

That’s right, fMRI brain-scanning technology developed over the past decades isn’t only being used to explain current behaviors in people anymore. Now, it may also enable scientists to predict FUTURE behaviors, according to a recent UCLA study.

Wait, so you’re telling me that by scanning my brain you can tell me what I’ll be doing in five years?

Not yet. But as unlikely as it seems, current medical technology is currently closer to this than it is far.

Some quick background: neuroimaging is a relatively new discipline merging medicine, neuroscience, and psychology which makes use of techniques to either directly or indirectly take pictures of the structure, functionality, and current state of the human brain. Using these images to follow the electrical nerve impulses firing in the brain and changes in blood flow in response to external stimuli, scientists have been able to understand and explain current behaviors in individuals in research studies (they also study the levels of various brain chemicals that play a large role in our actions, such as dopamine, serotonin, and others).

The X-ray was the first technology used to map the brain, followed by more advanced scanning techniques like the X-ray computed tomography(CT scan), computerized axial tomography scan (or CAT scan) developed in the 1970s, and later magnetic resonance imaging (MRI), for which the creators of all three were at some point later awarded the Nobel Prize either in Science, or in Physiology or Medicine.

Understanding and explaining current behavior is one thing, and was a breakthrough in its own right, enabling us to see the processes in the brain that correlate with a specific decision or course of action; but researchers are now attempting something entirely new: predicting future behaviors.

Using the more advanced fMRI scan (functional magnetic resonance imaging), researchers at UCLA were recently able to predict which study participants increased their sunscreen use in response to suggestive marketing and which didn’t, even better than participant’s own best guesses (http://tinyurl.com/2bujplx).

More specifically, researchers studied the brain activity of their subjects as they watched public service announcements relating to sunscreen use, then subsequently predicted which would increase their use and which would not. The scientist’s model predicted the outcome with 75% accuracy, while the best guesses of the participants as to their own use of sunscreen amounted to less than 50% accuracy. That’s a difference of more than 1/4; uncommonly strong results.

Another recent study by University College London (UCL) published in the Journal of Neuroscience used neuroimaging to show that people prone to act impulsively generally have higher levels of dopamine, a brain chemical instrumental in our decision-making processes. The participants in the study with higher levels of dopamine, according to the research, demonstrated an inclination towards decisions that gave them instant gratification versus a longer-term rewards (article: http://tinyurl.com/27q5dqt).  This, as well, enables researchers to predict the likeliest outcomes, decisions, or even future actions, according to a person’s brain chemical composition.

The point is, people’s actions are not exactly unpredictable anymore. In fact, these recent studies show that our actions may, in fact, be HIGHLY predictable.

Needless to say, these breakthroughs have numerous implications across all the sciences, and even into the socioeconomic and political realms.

For example, this would enable advertising and marketing firms to predict consumer behavior in response to specific marketing campaigns on a more accurate scale than we’ve ever imagined before. Or, this could enable educators and parents to determine the capacities of their students and children – perhaps even their future specialties, majors, or even professions, with a simple visit to the doctor – long before they ever step foot in a classroom.

The military and governments will surely find (hopefully, not destructive) uses for this technology, as well as anyone else with an interest in predicting future behaviors (read: big business).

Friendgiftr sees the many likely uses in this technology relating to the gift card market.

From predicting which giftcards will be most popular with certain consumers and which will be most unpopular, to understanding specifically how and when people will put their giftcards to use; this opens up a plethora of opportunities.

For starters, this could be the end of the age of the unused or unwanted giftcard. In the future, giftcard givers will likely know how, where, even when the recipient will use (or not use) a certain giftcard, even before he or she gives it.

But until this technology is developed further, there is another solution!

Giftcard recipients (who use Friendgiftr, that is) can exchange their giftcard(s) at no cost for a giftcard from any of FG’s other 140+ merchants or even split it across multiple merchants.

Looks like Friendgiftr is ahead of the curve yet again, at least, until future technology renders this service obsolete. But that is a ways down the road (just not as far as we used to think..)

Anyway, fMRI technology being used to predict future behaviors in study participants, even only 75% of the time, is still a pretty cool step forward.

-Friendgiftr


  • Share/Bookmark