Friday, March 6, 2009

Fraudulent Use of Prepaid Debit Cards

This latest article on KOLOTV.com discusses how two H&R Block customers discovered that they were victims of fraud when they found out that their 2008 taxes had been filed and that the refund had been issued on a prepaid debit card without their knowledge.

Valerie Guerrero that worked as a tax preparer for H&R Block used the prepaid debit card to make several purchases in Sparks. Some of the charges she faces are burglary, fraudulent use of a credit card, possessing a credit card without the owners consent and receiving property as a result of unlawfully using a credit card.

What are some steps that prepaid industry is taking in order to stop fraudulent use of cards?

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