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(Reuters) - 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.
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...
Weekend TODAY anchor and senior legal correspondent Laura Jarrett is a recent victim of the scheme. She bought $2,000 worth of Vanilla Visa gift cards at a CVS in New York City only to...
December 7, 2021 at 11:35 AM. If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found...
GiftCards.com. GiftCards.com is an online gift-card retailer based in Pittsburgh, Pennsylvania. [1] [2] The company sells gift cards for thousands of different large corporate retailers and small businesses [3] including Vanillagifts.com, Best Buy, Barnes & Noble, Sephora, Coach, Amazon.com, and others. [4] [5] [6] The company also offers ...
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.
In the first nine months of 2021, more gift card fraud was reported than in all of 2020. One in three Americans has fallen victim to gift card fraud, according to a survey by AARP.
In the first nine months of 2021, more gift card fraud was reported than in all of 2020. One in three Americans has fallen victim to gift card fraud, according to a survey by AARP.
According to the FTC, consumers reported 48,800 cases of gift card fraud or reload card fraud totaling more than $228 million in losses last year. That's more cases than the following other types ...
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.