Remove National Remove Regulation Remove Retail Remove Tennessee
article thumbnail

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. 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 105
article thumbnail

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

PYMNTS

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. Police and retailers are catching on to the issue.

Fraud 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Not only do gift cards stand as the most popular holiday present, according to the National Retail Federation and other sources, but a Blackhawk Network survey found that “44 percent of consumers surveyed are interested in receiving a gift card to play the lottery, while 43 percent would be interested in giving a lottery gift card.”.

Ohio 103
article thumbnail

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 billion people a month who visit it. A pretty clear-cut sizzle. Costco Card.

Lending 101
article thumbnail

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
article thumbnail

11 Lessons From Startup Chapter 11s

CB Insights

In tests conducted by the National Highway Traffic Safety Administration (NHTSA), The Coda was awarded a rating of 5 stars out of 5 for its side-impact and rollover tests. Founded by Jane Park in Seattle in 2007, beauty brand Julep quickly grew from a scrappy startup to a major omnichannel retail operation. Declared Bankruptcy: 2018.

Apple 78