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

PYMNTS

It’s called return fraud, and unlike the cyber fraud that has become so rampant in the changing retail environment, it requires no technical savvy, other than the knowledge of how the system works and what a person can get away with at major retailers.

Fraud 105
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Walmart Curbs Opiate Prescriptions

PYMNTS

The decision is intended to both prevent fraud and reduce errors, the retailer said. In all, retail return losses total between $9 billion and $15 billion per year, according to a 2017 survey by the National Retail Federation. Walmart has also announced it will require e-prescriptions starting in 2020 for all controlled substances.

Tennessee 101
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Here’s How The Opioid Crisis Is Losing Retailers $9B A Year

PYMNTS

Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith. Retail return losses total between $9 billion and $15 billion per year, according to a 2017 survey by the National Retail Federation. Kristin Booth, 23, agreed with her.

Retail 105
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Imposter Scams Top FTC’s List of 2018 Consumer Complaints

CFPB Monitor

Credit card fraud was the most common type of identity theft report. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. Notably, the Data Book’s summary excludes reports related to the National Do Not Call Registry and reports about unsolicited commercial email.

Nevada 74
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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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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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11 Lessons From Startup Chapter 11s

CB Insights

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Founded: 2013. Declared Bankruptcy: 2016.

Apple 78