Walmart, Target, Best Buy take steps to curb gift card fraud [Reuters]
Walmart Inc. (WMT)
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Source: Reuters
Walmart, Target, Best Buy take steps to curb gift card fraud | Reuters 3 Min Read NEW YORK (Reuters) - Walmart Inc ( WMT.N ), Target Corp ( TGT.N ) and Best Buy Co ( BBY.N ) have made changes to their gift card programs to reduce the risk of fraud as consumers enter the holiday shopping season. Barbara Underwood and Josh Shapiro, the attorneys general of New York and Pennsylvania, announced the changes on Tuesday, as part of a more than year-long initiative to thwart scam artists. The changes include reducing purchase limits on store-branded gift cards in a single transaction, limiting how much can be loaded onto the cards, and prohibiting the redemption of store-branded gift cards for other gift cards. Walmart, Target and Best Buy also bolstered training to help employees spot scams and warn potential victims. “By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” Underwood said in a statement. The National
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