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Who Should Pay for Payment Scams - Banks, Telcos, Big Tech?

Big banks want social media firms to take accountability for scams taking place on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. Big tech and telcos need to kick out the scammers from their platforms.
United Kingdom Ken Palla Neira Jones Frank Mckenna Financial Conduct Authority Fraud Management

FTC: Gift Card Scams Ongoing Throughout the US

Federal Trade Commission FTC provides consumers with tips on how to spot and avoid scammers. If asked to pay for something with gift card, that’s a scam. Gift cards are for gifts, not payments. Often spoofing through an email or text. Solid plan for Financial Literacy Month.
Federal Trade Commission Financial Literacy Month Financial Literacy Gift Cards Financial Literacy Month Federal Trade Commission

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