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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.
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.
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 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 ...
Once a gift card has been compromised, the fraudster will then check the balance through online customer portals before using the funds or reselling on the secondary gift card market. [22] Digital scammers sometimes trick victims into buying gift cards, which are then stolen.
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