RAVEN reviewed source reporting
U.S. · Business
FTC Takes Action Against Payment Processor Humboldt Merchant Services for Knowingly Facilitating Payment Processing for Sham Merchants
Originally published by Federal Trade Commission ·
Under proposed order, defendant will be required to pay $12 million, stop payment processing for certain categories of merchants Payment processing company Humboldt Merchant Services will pay $12 million and be permanently banned from processing payments for merchants with a heightened risk of potential fraud to settle allegations that Humboldt processed payments for merchants that defrauded consumers. View Press Release
Source provenance
- Source
- Federal Trade Commission
- Issuing body
- Federal Trade Commission
- RAVEN publication
- Human-reviewed source selection
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