Gyft Brings Mobile, Social Elements To Gift Card Industry

Over $60 billion could be spent on gift cards this holiday season and startup Gyft is hoping to cash in with its iPhone app that lets users buy, store and redeem their gift cards in one place. PYMNTS.com spoke with CJ MacDonald, co-founder of Gyft, to discuss company’s growth, the gift card industry, it’s new regifting feature and more.