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Not so safe prepaid debit cards - Case of Walmart’s MoneyCards

Prepaid debit cards have gained in popularity and usage. By the end of 2013, money placed on to reloadable cards is expected to reach $209.1 Bn. According to consumeraffairs.com there is a big issue as Walmart prepaid MoneyCards were hacked in early September, 2013. The money was transferred or was used to buy goods and services by unauthorized member/s.

The Walmart MoneyCards is a reloadable card that can be used for card purchases ( ...

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