May 20, 2020 BY Steffy Bogdanova
First Data to pay $40 million fine on charges for consumer scam
Daniel Kaufman, deputy director of the FTC’s Bureau of Consumer Protection commented: First Data is paying $40 million because it repeatedly looked the other way while its payment processing services were being used to commit fraud. When companies fail to screen out fraudsters exploiting the payment processing system to steal people’s money, they’re breaking the…
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