The Hamburg gift voucher provider Cadooz AG has agreed to use electronic gift card services from First Data Corp.
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Cadooz, a longtime provider of paper and online gift certificates, plans to start offering prepaid, closed-loop cards that can be used only with specific merchants.
First Data announced the deal Monday.
Cadooz said that working with the Denver processor to expand its offerings would broaden the appeal of its gift services to its merchant customers.
"We envisage Cadooz as a full service provider of online, paper, and card-based incentive and gift solutions, and we intend to develop our brand to become an international market leader," Stephan Baumann, Cadooz's head of partner management, said in a First Data press release.
