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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 ...
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 ...
Gift card draining is a way to steal funds off of gift cards. Here are ways to avoid the scam. ... She bought $2,000 worth of Vanilla Visa gift cards at a CVS in New York City only to discover ...
Here’s how the gift card scam works: Scammers tamper with gift cards in stores using handheld scanners to capture card information, then periodically check the balance by calling the retailer ...
• Don't use internet search engines to find AOL contact info, as they may lead you to malicious websites and support scams. Always go directly to AOL Help Central for legitimate AOL customer support. • Never click suspicious-looking links. Hover over hyperlinks with your cursor to preview the destination URL.
The shift from cash to digital payments -- credit cards and debit cards, mobile payment apps and digital wallets -- has taken the world by storm. According to a report by McKinsey & Company, more...
If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found that gift card scams nearly ...
This article originally appeared on GOBankingRates.com: Holiday Scam: What Is Gift Card Draining Plus 4 Red Flags to Watch For. Show comments. Advertisement. Advertisement. In Other News.