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Appears in 1 story · Last updated Sep 9, 2026
As of September 2026: BIN used to hide high-risk merchant activity
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 Sep 9
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