Gift voucher supplier Park Group gave a positive update on Wednesday, saying it expected a strong financial performance in its full year figures.
The firm said investment in its prepaid card system, flexecash, and the ongoing development of its web-based business had created substantial opportunities.
The results of this were now beginning to be reflected in sales volume, it said, with 47 large retailers now accepting or having agreed to accept it's pre-pay cards.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Park added that it was sitting on record cash balances, currently 21% - £11m - greater than a year ago.
"During the year we have also launched mobile applications to improve customer service and will shortly be launching mobile and email delivery of our prepaid products," the company said.
"This will open new markets which have, until now, been difficult to penetrate."
It also said its Christmas savings business also performed well, with 2011 sales volumes 5% up on the year before.
"Indications for Christmas 2012 are similarly encouraging with an increase in orders of approximately 6%," the firm added.
Lloyds, Halifax and Bank of Scotland to shut another 45 branches
Lloyds Banking Group, which includes Halifax and Bank of Scotland, is set to close a further 45 branches in 2024 - find out if a branch near you is closing.
By Vaishali Varu Published
US stock trading app Robinhood launches in the UK
The low-cost trading platform has opened another waiting list for British investors - following two failed attempts to launch in this country - and is hoping to be fully operational next year.
By Ruth Emery Published