Gift card companies are adding protections for consumers, who are increasingly being duped into sending funds to online scammers through store credit. In 2022, nearly 65,000 consumers were swindled ...

After Synergy World, a San Diego gift and loyalty card company, announced it was shutting down and planning to file for Chapter 7 bankruptcy protection, the company told its customers they can no ...

Question: How and why are gift cards used by scammers to steal money? Answer: The use of gift cards is a favorite vehicle to extract money from victims for a variety of reasons: they are available ...