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  2. What is gift card draining? How to prevent getting scammed - AOL

    www.aol.com/news/gift-card-draining-prevent...

    Gift card recipients should also check the balance and use the cards quickly to lower any risk. When buying a gift card, use a credit card to make your purchase. That will boost the odds of ...

  3. Maker of popular gift cards sued over alleged ‘card draining ...

    www.aol.com/finance/maker-popular-gift-cards...

    The reason why prepaid Visa Vanilla gift cards as well as other prepaid gift cards are being targeted by card draining scams is because of their versatility. These kinds of cards “can be used ...

  4. Identify legitimate AOL websites, requests, and communications

    help.aol.com/articles/identify-legitimate-aol...

    • Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.

  5. Visa is sued over 'Vanilla' gift card scam - AOL

    www.aol.com/news/visa-sued-over-vanilla-gift...

    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. Ira Schuman, who leads the proposed ...

  6. Payment card number - Wikipedia

    en.wikipedia.org/wiki/Payment_card_number

    Payment card numbers are composed of 8 to 19 digits, [1] The leading six or eight digits are the issuer identification number (IIN) sometimes referred to as the bank identification number (BIN). [2]: 33 [3] The remaining numbers, except the last digit, are the individual account identification number. The last digit is the Luhn check digit.

  7. Card security code - Wikipedia

    en.wikipedia.org/wiki/Card_security_code

    There are several types of security codes and PVV (all generated from DES key in the bank in HSM modules using PAN, expiration date and service code): . The first code, 3 numbers, called CVC1 or CVV1, is encoded on track one and two of the magnetic stripe of the card and used for card present transactions, with signature (second track also contains pin verification value, PVV, but now it is ...

  8. Check verification service - Wikipedia

    en.wikipedia.org/wiki/Check_verification_service

    Often called "verifying funds" or "merchant funds verification", it was common practice until the mid-2000s that any business or individual could call the bank where the check was drawn and ask for check verification. The bank would ask for the account number, the name on the check, the amount and the check number and just look up the account.

  9. How to stop scammers from coming after your verification ...

    www.aol.com/stop-scammers-coming-verification...

    Use a number you trust, like the one on your statement or in your app. Never use the number the caller gave you; it’ll take you to the scammer. Never access your online accounts on a public Wi ...