Card draining occurs when a thief tampers with a gift card and "drains" the money before the funds are used by the consumer. AARP reported last year that 23% of U.S. consumers had given or ...

And those gift card companies want to give that money back," the FTC said in its blog post. Here are steps, highlighted by the agency, that consumers should take if they suspect they have been conned.

nComm Financial Services, a Georgia-based company that makes many of the popular gift cards sold in stores and its partner banks are facing a lawsuit filed by San Francisco City Attorney David ...

A gift card issuer is facing a lawsuit over allegations it failed to make its popular prepaid cards less susceptible to a common scam. The lawsuit, filed last month by San Francisco City Attorney ...

News 8 is On Your Side with a warning you need to hear before you buy a common holiday gift.Gift cards are expected to be the most popular type of present this holiday season for the 16th ...

ARVADA, Colo. — Suzanne Gdovic was trying to be generous by picking up a $200 Target gift card for a friend’s daughter who just had a baby. When her friend’s daughter went to spend the money ...

The lead plaintiff, Ira Schuman, of Scarsdale, New York, sued Visa and two Vanilla card issuers in January 2024, after learning that eight $500 cards he bought as holiday gifts for employees in ...

A Georgia-based company that makes many popular gift cards faces a lawsuit in California alleging it failed to take precautions to prevent scammers from draining gift cards of their value – a ...

Scammers are using a "gift card draining" trick to steal money before you can use them. Look for damaged packaging, extra barcodes and scuff marks to avoid becoming a victim.