Wal-Mart resolves gift card validation errors

Wal-Mart Stores Inc said it faced glitches with its gift-card verification system on the day after Christmas, when a large number of its customers came to its stores for post-Christmas shopping, but resolved them on the same day.

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The problem, which occurred in several regions across the United States intermittently throughout the afternoon, was due to processing errors with its third-party verifier's systems, Wal-Mart said in an e-mailed statement.

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Though the problem hampered a small number of gift-card transactions, there were no additional problems once the initial issue was resolved, Wal-Mart said.

The third-party verifier ValueLink, whose parent company is First Data, did not return a call seeking comment.