Police in Massachusetts arrested a local man for possessing nine stolen credit card accounts. The cards themselves werent stolen: They were gift cards that had been re-encoded with data from a variety of data breaches at merchants, including a Splash Car Wash in Connecticut. In effect, thieves were buying stolen cards to finance the purchase of gift cards, some of which would later serve as hosts for new stolen card data once their balance was exhausted. The cops call it money laundering, but in this case it might as well be called card washing.”]
Source: https://krebsonsecurity.com/2014/06/card-wash-card-breaches-at-car-washes/