Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to being drained by thieves. Ira Schuman, who leads the proposed class ...

Elizabeth Napolitano Wed, Dec 20, 2023, 4:26 PM2 min read A gift card issuer is facing a lawsuit over allegations it failed to make its popular prepaid cards less susceptible to a common scam.

NEW YORK (Reuters) -Visa defeated a proposed class action lawsuit on Monday by consumers who accused the world's largest card payments network of failing to warn that its prepaid "Vanilla" gift cards ...

Visa (NYSE:V) dodged a consumer lawsuit over its Vanilla gift cards after a federal judge found buyers should not assume the cards are immune to fraud or that Visa's logo guarantees protection ...

The lead plaintiff, Ira Schuman, of Scarsdale, New York, sued Visa and two Vanilla card issuers in January 2024, after learning that eight $500 cards he bought as holiday gifts for employees in ...