Payment Processor Outsourced Work, Stole $60M, Co. Says

Law360, Houston (December 1, 2016, 8:16 PM EST) -- MyAdvertising Pays Limited, a marketing company that pays people to watch advertisements, filed a lawsuit in Texas federal court Thursday alleging its payment processor, VX Gateway Corp., was actually outsourcing that job to third parties and stole about $60 million in funds.

MAP told the court that VX Gateway, which was hired to provide an online payment portal for MAP members and manage payments for those members, had breached their contract by fraudulently retaining the funds that belong to its customers in the U.S. and abroad.

In August, MAP informed VX Gateway via email that it was improperly withholding funds. After...

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