Gift Card Fraud Unnerving Consumers
Written by Evan SchumanDecember 16th, 2007
Consumers who have been fairly nonplussed by repeated reports of retail data breaches are expressing more worries about gift card frauds, fueled by retail lobbing groups.
This story in the California daily newspaper, The Fresno Bee details how at least one gift card exchange site, Otartel.com, “has disappeared completely.”
Cards issued by European banks when used online cross border don't usually support AVS checks. So, when a European card is used with a billing address that's in the US, an ecom merchant wouldn't necessarily know that the shipping zip code doesn't match the billing code.
-Marc
