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Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to being drained by thieves.
What is being done about this scam? The Retail Gift Card Association and Vanilla Gift tell NBC News that thieves have become more adept and innovative when it comes to finding ways to drain...
The lawsuit, filed by San Francisco City Attorney David Chiu, draws attention to InComm Financial Services’ proprietary nonreloadable gift cards, “Vanilla Gift” and “One Vanilla,” which ...
What is a gift card scam? There are two types of gift card scams, according to experts. The first involves trying to trick you into paying an impostor with gift cards.
The company sells gift cards for thousands of different large corporate retailers and small businesses including Vanillagifts.com, Best Buy, Barnes & Noble, Sephora, Coach, Amazon.com, and others. The company also offers prepaid Visa and MasterCard gift cards.
The most common form of gift card fraud is committed through the act of stealing card information for activated cards with an existing balance by attacking a retailer's systems which store gift card data.
Authorities nationwide are warning holiday shoppers to take extra precautions when purchasing gift cards to put under the Christmas tree this year, as a gift card scam called "card...
The preferred method of payment in a technical support scam is through gift cards. Gift cards are favoured by scammers because they are readily available to buy and have less consumer protections in place that could allow the victim to reclaim their money back.
Red flags for gift card scams: Unsolicited communication: Be cautious if you receive unexpected phone calls, emails or messages requesting payment using gift cards. Scammers often...
Whether it’s a phone call from someone claiming to work for the government or a someone selling an item online, if they ask for gift cards as payment it’s likely a scam, according to the FBI.