February 13, 2017
Payment companies get sued. It is a normal course of business. They plan for it and they are willing to pay for it. The truth is, […]
Blog
February 12, 2017
In November 2015, the Federal Trade Commission (“FTC”) reported its spearheading of a nationwide crackdown (known as Operation Collection Protection) along with more than 70 federal […]
February 10, 2017
Department of Justice introduced Operation Choke Point in early 2013 as an enforcement initiative to choke off swindlers’ access to the payments system by targeting the […]
February 9, 2017
Little more than a year ago, the United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued written guidance to banks for extending merchant services to […]
February 8, 2017
The day has finally arrived: The federal government has decided to make payment processors and ISOs completely (and ridiculously) responsible for the “sins” of their merchants. […]
February 7, 2017
Card Association rules and regulations deem a wide range of business models inherently high risk. In addition to the obvious suspects such as adult-oriented Web sites, […]
February 6, 2017
E-commerce and direct marketing have revolutionized the way the world shops, and have further spurred the rapid growth of the credit card processing and electronic payment […]
February 4, 2017
In our last article (Oct. 2005), on double-standards in FTC advertising enforcement prejudicing direct response marketers, we alluded to the Commission’s practice of imposing “bans” on […]
February 3, 2017
Visa U.S.A. has again changed its rules for acquirers and ISOs, thereby necessitating an immediate change in all merchant agreements. This sets the stage for sanctions […]