Apple has reportedly agreed to settle a lawsuit that accused the company of allowing scammers to exploit its gift cards and retaining stolen funds. The settlement was reached after Apple and the plaintiffs agreed on material settlement terms with the assistance of a mediator, and it...
There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according...
Gift cards, according to researcher Will Caput, remains woefully easy to hack – if someone knows the right method. And the right method isn’t hard. Caput realized this when studying a collection of retail gift cards from one store and saw that while the last...
Gift cards seem like a win-win payment option for retailers. But as traditional gift cards are slowly being phased out for digital replacements, that story is quickly changing. Tom Byrnes, Chief Marketing Officer for Vesta, let PYMNTS in on the hidden dangers behind digital gift...
June 16, 2016
Gift cards seem like a win-win payment option for retailers. But as traditional gift cards are slowly being phased out for digital replacements, that story is quickly changing. Tom Byrnes, Chief Marketing Officer for Vesta, let PYMNTS in on the hidden dangers behind digital gift cards and why retailers may need to think twice about a once favorite payment offering.
December 04, 2024
Digital gift card platform On Me has launched a five-year partnership with Mastercard. The company announced the collaboration Wednesday (Dec. 4), along with the news that it had raised $1.7 million in pre-seed funding, money it will use to expand its retailer partnerships. “Advancing the industry from magnetic swipe technology pioneered in the 1980s to […]
January 03, 2024
Apple has reportedly agreed to settle a lawsuit that accused the company of allowing scammers to exploit its gift cards and retaining stolen funds. The settlement was reached after Apple and...
December 11, 2017
There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found...
April 21, 2016
A Washington, D.C.-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to a significant increase in credit...
