Gift card rack at Target IMG.
Consumers lose more than $5 billion a year to fraud involving gift cards, while the industry exploits regulatory loopholes and delays solutions.
Banking regulations haven’t caught up with gift cards, which fraudsters are using to steal money from people in ways that are difficult to trace or reverse.
The Conversation
Consumers lose more than $5 billion a year to fraud involving gift cards, while the industry exploits regulatory loopholes and delays solutions.
National currency secured by bonds and issued by the First National Bank of Cleveland in 1863.
U.S. Office of the Comptroller of the Currency
Regulation over banks that issue credit cards, debit cards and gift cards is piecemeal. The customer loses.
If only little Gregory got a gift card …
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Finding good gifts can be tricky. Here are some research-backed tips to help you with your holiday shopping.
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Choosing the wrong gift can damage a relationship. Here is some advice, based on decades of research, on how to side-step the pitfalls.
Most Australian children have such a glut of toys that parents are opting to give them gift cards so they can choose for themselves.
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Many children receive gift cards or even ask for them so they can choose their own presents. But are youngsters ready to handle the wiles of advertisers and the complexities of ‘credit’ on a card?
giftcards.
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Removing expiry dates should increase sales and give consumers more flexibility, but it could also increase costs.
Some gift cards can’t be used online.
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The NSW government is set to mandate a 3 year minimum expiry period for gift cards, but it isn’t clear that this will solve the problem of unredeemed cards.