Payment processing company
Appears in 1 story
Facing $12M judgment and permanent ban on high-risk processing under proposed FTC order; separate private civil action (TRS Limited v. 5967 Ventures) pending in Kansas District Court
A payment processor the FTC says opened accounts for more than 1,000 shell companies used in billing scams will pay $12 million and stop handling payments for high-risk merchants. The proposed settlement with Humboldt Merchant Services, announced September 8, permanently bars the company from processing for merchants the agency deems fraud-prone.
Updated 3 days ago
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