As soon
as Great Lakes Scrip Center's current inventory is
depleted, we will no longer be offering the Visa Prepaid Card in any
denomination. The new federal Credit CARD Act legislation will
make offering these cards for scrip fundraising extremely
difficult. Those difficulties will greatly reduce the
fundraising for our NPO customers and make it unprofitable for our
Visa card issuer. We apologize for the extremely short notice,
but we have been working diligently to find a solution and
concluded, just today, that it is not feasible. We anticipate
beginning to run out of stock as soon as the end of this
week.
The American Express Gift Cards will still be
offered for sale in $25, $100, and $200 denominations, without
expiration dates or service fees. Their business model is
different than the Visa card, and will not be impacted by the new
regulations. You can certainly encourage your families to use
these cards in place of the Visa Prepaid Card, at any
non-participating scrip retailer, or service establishment, that
accepts the American Express Credit
Card.
