Payment Processor Nuvei Must Implement Robust Merchant Screening Practices and Pay $4.85 Million to Settle FTC Charges that the Firm Facilitated Merchant Fraud

T1Covered by 1 source · first reported by FTC / DOJ press releases at 04 Sept, 12:00 UTC

Nuvei and its subsidiaries alleged to have knowingly processed for merchants engaged in fraudulent activity Global payment processor Nuvei will pay $4.85 million to settle the Federal Trade Commission’s charges that the firm opened and maintained payment processing accounts for merchants that it…

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Sources

• T1Payment Processor Nuvei Must Implement Robust Merchant Screening Practices and Pay $4.85 Million to Settle FTC Charges that the Firm Facilitated Merchant FraudFTC / DOJ press releases04 Sept, 12:00