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As consumers lose millions to gift card scams, lawmakers pressure businesses

In 2023, card draining and other gift card-related fraud made up $217 million of the record-high $10 billion in money lost from scams nationwide. ....

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As consumers lose millions to gift card scams, US lawmakers pressure businesses

Gift cards, which are easy to find at almost any big box retailer, are a popular gift for holidays, birthdays and graduations. Scammers love gift cards because they’re money that can be easily moved, often irreversibly, with few protections for consumers, according to fraud specialists. ....

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As consumers lose millions to gift card scams, lawmakers pressure businesses

When Denise Brown peruses the tightly packed gift card display at her local CVS in Harlem, New York, she sees the perfect present for her grandson: a Sony PlayStation gift card. Others, acting in bad faith, see these gift card displays as easy money in one of the country’s costliest and most common consumer scams: […] The post As consumers lose millions to gift card scams, lawmakers pressure businesses appeared first on Nebraska Examiner. ....

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As consumers lose millions to gift card scams, lawmakers pressure businesses

In 2023, card draining and other gift card-related fraud made up $217 million of the record-high $10 billion in money lost from scams nationwide. ....

New Jersey , United States , New York , San Francisco , Rhode Island , West Virginia , Benjamin Kramer , Anthony Popiel , Wes Moore , Curtis Picard , Christian Reyes , Nate Cloutier , Barbara Barrett Stateline , Robbie Sequeira Stateline , Denise Brown , Best Buy , Nebraska Retail Federation , Retail Association Of Maine , Robbie Sequeira , Sony Playstation , Federal Trade , Retail Association , Google Play , Rich Otto , Comm Payments , American Express ,

As consumers lose millions to gift card scams, lawmakers pressure businesses

In 2023, card draining and other gift card-related fraud made up $217 million of the record-high $10 billion in money lost from scams nationwide. ....

United States , Rhode Island , San Francisco , New York , New Jersey , West Virginia , Anthony Popiel , Wes Moore , Benjamin Kramer , Curtis Picard , Nate Cloutier , Christian Reyes , Barbara Barrett Stateline , Denise Brown , Robbie Sequeira Stateline , Retail Association Of Maine , Nebraska Retail Federation , Best Buy , Robbie Sequeira , Sony Playstation , Federal Trade , Retail Association , Google Play , Rich Otto , Comm Payments , American Express ,