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Blog Against Fraud

eGift Card Sales (and Fraud) Are Highest During the Holidays

Posted on Monday, October 16, 2017

If our arithmetic is right, more than 600 million eGift cards and physical gift cards will be purchased this upcoming holiday season. 600 million!

That number is based on projections that 3 out of 4 consumers will buy eGift cards and/or gift cards this holiday season and they’ll each buy 2-3 eGift cards and/or gift cards on average.

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Topics: fraud, egift card, card not present, egift cards, holidays

eGift Card Fraud (What It Is, How to Beat It)

Posted on Friday, October 6, 2017

What’s an easy way to add a few percentage points of revenue to your P&L over the next few months? eGift cards.

If you’re part of the 19% of online businesses that do NOT offer eGift cards, they offer a great incremental sales opportunity.

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Topics: fraud, egift card

A Day in the Life of an eGift Card Fraudster

Posted on Thursday, October 5, 2017

eGift cards are easy to purchase, easy to convert to cash, and virtually untraceable. It's no wonder that $950 million was lost to eGift card fraud in 2016, with fraud losses only increasing this year.

Check out the following slides to learn more about the day in the life of an eGift card fraudster.

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Topics: fraudster, egift card

12 Best Practices for Fighting eGift Card Fraud

Posted on Thursday, September 28, 2017

It’s easier than ever for fraudsters to obtain and use stolen credit card account information, with hacked accounts available on the Dark Web for just a few dollars. And that’s just one avenue.

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Topics: fraud, egift card

What’s the Risk of Selling eGift Cards?

Posted on Tuesday, September 26, 2017

Are you one of the 8 of 10 eCommerce businesses that offer digital gift cards?

If not, you should be. Digital gift cards are growing at an annual rate of 40%. Compare that to physical gift cards, which are growing at an annual rate of just 6%.

Why the strong growth for digital gift cards?

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Topics: egift card, holiday season

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