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NEW YORK (Reuters) – Walmart Inc (WMT.N), Target Corp (TGT.N) and Best Buy Co (BBY.N) have made changes to their gift card programs to reduce the risk of fraud as consumers enter the holiday shopping season. Barbara Underwood and Josh Shapiro, the attorneys general of New York and Pennsylvania, announced the changes on Tuesday, as part of a more than year-long initiative to thwart scam artists. The changes include reducing purchase limits on store-branded gift cards in a single transaction, limiting how much can be loaded onto the cards, and prohibiting the redemption of store-branded gift cards for other gift cards men’s diamond cufflinks uk sale.
Walmart, Target and Best Buy also bolstered training to help employees spot scams and warn potential victims. “By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” Underwood said in a statement. The National Retail Federation said gift cards are the most popular item on consumers’ wish lists for the 12th straight year, requested by 60 percent of 7,313 people surveyed. Last month, the Federal Trade Commission said 26 percent of victims reporting scams between January and September said they paid with gift cards, up from just 7 percent in 2015 men’s diamond cufflinks uk sale.
Losses through September from gift and ‘reload’ cards totaled $53 million, up from $40 million for all of 2017, with a median loss of about $500 per incident. (here) men’s diamond cufflinks uk sale. Regulators said scammers often use retail gift cards to buy third-party cards such as iTunes, Steam and Google Play that can be resold on the black market, and impersonate other people to swindle unwitting victims. Common impersonations include grandchildren claiming they got into trouble, such as arrests or accidents, and needed money for bail or lawyers; Internal Revenue Service agents claiming, often angrily, that taxes were owed; and tech support employees seeking payments to fix alleged viruses on victims’ computers..
PARIS (Reuters) – Airbus (AIR.PA) is poised to make top financial and operational appointments as incoming CEO Guillaume Faury tightens his grip after months of turmoil over corruption investigations and output delays, sources familiar with the matter said. The European planemaker could announce a new German chief financial officer as early as Wednesday to take over from Harald Wilhelm, who announced in May that he would leave next spring at the same time as current chief executive Tom Enders men’s diamond cufflinks uk sale. It could also name a new operations boss to succeed Tom Williams, the chief operating officer of the main Airbus planemaking business, the sources said..
Airbus declined comment. Williams, a Glasgow-born veteran troubleshooter and Airbus’s unofficial UK ambassador, had agreed to postpone retirement until the end of the year to help tackle production delays but is likely to be succeeded by a German appointee in what could be seen as a blow to the profile of the company’s UK arm ahead of Brexit. Programs chief Didier Evrard also delayed his retirement until the end of the year men’s diamond cufflinks uk sale. Reuters reported last month that Airbus was close to naming a German executive from outside the group to replace fellow German Wilhelm after a board-driven management overhaul hastened his surprise resignation..