Feds: Top e-tailers profit from billion-dollar Web scam

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Moderator: Bud

Feds: Top e-tailers profit from billion-dollar Web scam

Postby Bud on 25 Nov 2009, 14:19

In case you haven't heard about this already, here you go :down:

http://news.cnet.com/8301-1023_3-10399880-93.html

The government says the investigation shows that Webloyalty, Affinion, and Vertrue "trick" consumers into entering their e-mail address just before they complete purchases at sites such as Orbitz, Priceline.com, Buy.com, 1-800 Flowers, Continental Airlines, Fandango, and Classmates.com. A Web ad, which many consumers say appears to be from the retailer, offers them cash back or coupon if they key in their e-mail address.

Many of those who complained say they don't fear the ad because they aren't being asked to turn over credit-card information, according to the Senate report. But buried in the ad's fine print is notification that by entering their e-mail address, the shopper is agreeing to join a loyalty program and allowing the store to authorize marketers to charge their card each month, between $9 and $12.
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