The secret life of gift cards: Here’s what ... - Associated Press News
Dec 26, 2023 · Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those sales. Most of those gift cards will be redeemed.
Gift card theft surges as sales projected to hit $308 billion in 2024
3 days ago · TOPICS: Gift card theft Fraud Organized crime Consumer protection Security Javelin Strategy & Research AARP Retail losses. Americans love giving and receiving gift cards: Sales are projected to ...
Visa Is Sued Over 'Vanilla' Gift Card Scam - U.S. News
Jan 30, 2024 · (Reuters) - 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.
Americans have a collective $21 billion in unspent gift cards
Feb 23, 2023 · Almost two-thirds of American consumers have at least one unspent gift card tucked away in a drawer, pocket, wallet or purse.
Here's what happens to the billions in gift cards that go ... - CBS News
Dec 25, 2023 · Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up...
Gift card scam: What holiday shoppers should know about card …
Dec 11, 2023 · Authorities nationwide are issuing a warning about a gift card scam called card draining as many holiday shoppers look to buy gift cards as Christmas gifts.
Forget to spend an old gift card? Here’s what happens to that …
Dec 25, 2023 · Gift cards get lost or forgotten, or recipients hang on to them for a special occasion. In a July survey, the consumer finance company Bankrate found that 47 percent of U.S. adults had at least...
Gift Card Industry News | Gift Card Granny
Nov 3, 2024 · The gift card industry changes quickly. Stay up-to-date on all things gift cards with our latest articles covering Bankruptcies, new websites, changing regulations, fraud, mobile gift cards, electronic gift cards and more. October 31, 2024.
Here's what happens to unspent gift cards - NBC News
Dec 25, 2023 · Gift cards get lost or forgotten, or recipients hang on to them for a special occasion. In a July survey, the consumer finance company Bankrate found that 47% of U.S. adults had at least one ...
Gift card scams generate billions for fraudsters and industry as ...
Aug 22, 2024 · In gift card fraud, everybody but the victim makes money: fraudsters, gift card companies and retailers. The criminals exploit a rapidly evolving payments industry that’s shrouded in secrecy,...