The Rise of Digital Gift Cards in the Fight Against Retail Scammers
Retail TouchPoints
JUNE 25, 2024
The prevalence of gift card fraud poses a significant threat to retailers and consumers alike. Recent data from the Federal Trade Commission (FTC) paints a stark picture, revealing that gift card scam losses totaled over $228 million last year — a staggering increase of more than $100 million from 2020.
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