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Regulators target middle men of online fraud

What happened

Federal regulators are targeting credit card processors for their role in enabling online fraud, not just the sellers who fail to deliver. The FTC has reached a settlement with Humboldt Merchant Services, requiring a $12 million payment and a permanent ban from processing payments for high-risk merchants.

Timeline

  1. KSL Regulators target middle men of online fraud
  2. KSL News (YouTube) Regulators target middle men of online fraud; credit card processors

Written by Utah Relay from the reports below. The reporting belongs to the outlets named; follow the links for their full stories.

Every report

KSL

Regulators target middle men of online fraud

— Federal regulators target credit card processors to combat online fraud schemes. FTC settlement with Humboldt Merchant Services results in $12 million payment. Scams originating on social media cost Americans $2.1…
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