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Using Gift Cards To Buy Drugs: How Return Fraud Is Funding The Opioid Crisis

PYMNTS

They say gift cards are the gift that always fits. Thieves simply walk into Walmart, Target, Home Depot, Lowe’s or another big-name retailer, steal an item, return it at a different store without a receipt and receive a gift card in return, which they can then turn around and sell to a pawn shop or secondary store for a lower price.

Fraud 105
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Here’s How The Opioid Crisis Is Losing Retailers $9B A Year

PYMNTS

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. I feel like I could’ve found a way around any rule they make,” Ashlee Smith, 24, told CNBC.

Retail 105
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Walmart Curbs Opiate Prescriptions

PYMNTS

The decision is intended to both prevent fraud and reduce errors, the retailer said. The news comes as major retailers like Target , Home Depot , Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend.

Tennessee 101
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 Costco Card. The Costco Card has generated a lot of buzz.

Lending 101
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End-Of-Summer Edition: Retro Malware, Bitcoin’s Surge ‘N’ Split And Apple Watch Sees Other People

PYMNTS

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. PST in Oregon and 2:48 p.m. Bitcoin Surges — And Faces Another Split.

Apple 101
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The Real Hunger Games: A Battle Royale In The Grocery Aisles

PYMNTS

Once the 24 competitors (tributes) get to the games, they then battle to the death for a national audience that is required by law to watch the games. online grocery sales since 2017, the largest share of any single retailer and double its closest competitor. According to the Harris Poll, Amazon is the most trusted U.S.

Branding 101