Calling payment processors ‘crucial intermediaries between businesses and consumers,’ FTC cracks down on two companies

Saying that taking action against payment processors is an effective way to reach foreign and domestic businesses that scam consumers, the FTC has announced it has settled with two such processors, Nuvei and Humboldt Merchant Services. “Payment processors are crucial intermediaries between businesses and consumers that must take their role seriously and operate in good faith to screen out bad actors; they should be able to do so without fear that they will become responsible whenever an associated merchant behaves poorly,” Commission Chairman Andrew N…. Continue Reading