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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...
By Jonathan Stempel. (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...
The lawsuit alleges InComm and its partners have “known for years that its nonreloadable Vanilla debit card’s lax security features (have led) to numerous card-draining incidents,” but have...
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.
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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 ...
According to USA Today, a California man was arrested for tampering with gift cards in a Target in Sacramento last week, and police officials found more than 5,000 gift cards from Apple and...
CarderPlanet. Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of personal data, [3] and money laundering techniques. [4]
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.
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. Additionally, the usage of gift cards as payment allows the scammers to extract ...