Giftify, Inc.'s CardCash featured on ABC's Good Morning America for holiday gift card savings and scams.
Quiver AI Summary
Giftify, Inc. announced that its platform CardCash was featured on ABC's Good Morning America in a segment discussing how gift cards can help consumers save during the holiday season. The segment, aired on December 19, highlighted various gift card deals and also addressed potential scams, during which CEO Ketan Thakker emphasized CardCash's 99.5% reliability rate thanks to their advanced fraud prevention tool, FraudFix. Giftify is known for owning CardCash.com and Restaurant.com, where it focuses on providing incentives and rewards in the retail, dining, and entertainment sectors, connecting consumers with thousands of deals across the nation.
Potential Positives
- CardCash was featured on ABC’s Good Morning America, increasing visibility and credibility for the Company during a peak shopping period.
- The segment highlighted the importance of gift cards while also addressing potential scams, positioning CardCash as a reliable choice with a 99.5% reliability rate due to its proprietary fraud prevention tool, FraudFix.
- The mention of CardCash in a nationally recognized media outlet may drive more traffic to their platform, potentially increasing sales during the holiday season.
Potential Negatives
- The press release highlights concerns about gift card scams, indicating a potential vulnerability in the company's offerings that may undermine consumer confidence.
- By emphasizing its proprietary fraud prevention tool, FraudFix, the company may inadvertently draw attention to the prevalence of fraud in the industry, which might raise questions about the overall security of its platforms.
- The extensive mention of forward-looking statements and associated risks suggests uncertainty regarding the company's future performance, which may be a red flag for investors.
FAQ
What was featured on Good Morning America?
CardCash.com was highlighted for its gift card deals and scams during a segment on holiday savings.
How does CardCash prevent gift card fraud?
CardCash utilizes its FraudFix tool, which analyzes over 165 parameters to ensure gift card authenticity.
What services does Giftify, Inc. offer?
Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on gift card exchanges and digital dining deals.
How reliable is CardCash in terms of fraud prevention?
CardCash boasts a 99.5% reliability rate due to its advanced AI fraud prevention system.
Where can I find more information about Giftify, Inc.?
Visit www.giftifyinc.com, www.cardcash.com, and https://www.restaurant.com for more details.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GIFT Insider Trading Activity
$GIFT insiders have traded $GIFT stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GIFT stock by insiders over the last 6 months:
- KETAN THAKKER (CEO) purchased 10,000 shares.
- BALAZS WELLISCH (CTO) has traded it 2 times. They made 2 purchases, buying 36,000 shares and 0 sales.
- STEVE HANDY (CFO) has traded it 3 times. They made 3 purchases, buying 25,620 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
SCHAUMBURG, IL, Dec. 20, 2024 (GLOBE NEWSWIRE) --
Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce that CardCash was highlighted on ABC’s Good Morning America on Thursday, December 19.
The segment focused on gift cards to save big on this holiday season. With just six days left to shop before Christmas and Hanukkah, ABC News’ Becky Worley and Rebecca Jarvis share the gift card deals — and scams — you need to know about.
To view the segment, please click here:
https://www.goodmorningamerica.com/living/video/gift-cards-save-big-holiday-season-116937980
Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, “we appreciate the inclusion of CardCash in Good Morning America’s segment. Of note, there was discussion around gift card scams, of which I would like to point to our 99.5% reliability due to our proprietary online fraud prevention tool, called FraudFix. In literally seconds, we utilize AI to analyze over 165 parameters and cross checks to analyze a single transaction and determine authenticity of card balances.”
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks.
For more information, visit:
www.giftifyinc.com
and
www.cardcash.com
and
https://www.restaurant.com
.
Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Giftify, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Giftify, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Investors Contacts:
ClearThink
nyc@clearthink.capital
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