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FORT LEE, Va. — The Defense Commissary Agency will accept outstanding CertifiCheck gift certificates from authorized customers thanks to a plan approved by the Department of Defense. The approved plan allows DeCA commissaries to honor CertifiCheck gift checks now through July 31.
“I am happy to report that DeCA and DOD have found a way that we can honor our customers’ unredeemed certifichecks,” said DeCA Director and CEO Philip E. Sakowitz Jr. “We have been deeply concerned about how this situation has impacted our customers worldwide, and we’re happy that we’ve been able to find a solution.”
CertifiChecks Inc., the Dayton, Ohio, company that has issued the
commissary gift checks since 2002, announced Feb. 26 on its Web site that it had ceased operations and was filing Chapter 7 bankruptcy.
Since then, DeCA had been working non-stop with DOD officials to settle on a legal recourse it could offer its customers left holding the unredeemable certifichecks.
DeCA will be allowed to absorb the losses incurred from honoring the certificates from its Defense Working Capital Fund, Resale Stocks Account, defense officials said. The DWCF was established to allow the federal government to purchase and repair activities to account for costs and revenue as if they were commercial businesses.
Since 2002, more than $20 million in gift certificates have been purchased for authorized customers, including more than $3.9 million in fiscal 2008.
(Courtesy of Corporate Communications)
