Payment Co., Ex-Exec Settle FTC Fraud Claims For $40M

By Emilie Ruscoe (May 19, 2020, 5:00 PM EDT) -- Payment processor First Data Merchant Services LLC and a former executive will pay the Federal Trade Commission more than $40.2 million to end the federal regulator's allegations that they enabled bad actors to process credit card payments as part of widespread fraud, the FTC said Tuesday....

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