Market Scan

Headlines: Stored Value Cards

Gift Cards Motivate Consumers to Buy;

U.S. Bank Issues Its 20 Millionth Gift Card; Remains Number One Visa Gift Card Issuer in the Nation

Headlines: Prepaid and Stored Value Cards

Mercator Advisory Group Releases 4th Annual Prepaid Closed Loop Market Assessment;

American Express Launches Gift Cards for Business

Comerica Announces Leadership in Pre-Paid Commercial Cards

According to the Nilson Report, Comerica is #1 issuer of Pre-Paid Commercial Cards, #3 issuer of fleet cards, #9 issuer of corporate cards, and #17 issuer of purchasing cards.

Commentary

This is a nice niche for the $58 billion asset Comerica which is currently relocating its corporate headquarters from Detroit to Dallas.