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What retailers need to know about gift card fraud

Why gift card fraud is growing—and why the scammers are so hard to fight

Shoppers plan to buy a lot of gift cards this holiday season. And that means retailers will need to watch for more fraudulent transactions. Gift card sales—both physical and digital cards—typically spike during the holiday season. In Deloitte’s annual holiday survey of 4,012 consumers released in October 2020, 48% of consumers (the No. 1 response) […]

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