Payments Dive

JULY 23, 2024

The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.

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Federal Trade Commission FTC Visa Product 88

Finextra

FEBRUARY 12, 2024

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

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Federal Trade Commission Scams Accounts 121

Payments Dive

DECEMBER 5, 2023

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

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Federal Trade Commission Rules FTC 88

Finextra

MAY 2, 2024

BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.

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FTC Federal Trade Commission Processors Settlement 80

Payments Source

APRIL 28, 2016

said federal regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices. PayPal Holdings Inc.

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Federal Trade Commission Venmo PayPal Regulations 60

Electronic Payments Coalition

APRIL 9, 2024

The Federal Trade Commission (FTC) recently released a report questioning whether COVID-19 price increases at grocery conglomerates, including corporate mega-stores, were necessary and if the continued higher prices were all about increasing profits.

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FTC Federal Trade Commission Push-to-Card Credit Cards 105

BlueSnap

AUGUST 9, 2024

In July 2024, the US Federal Trade Commission (FTC) announced the results of a review that found that 75.7% of companies that market and sell subscription services use at least one “dark pattern,” with 66.8% using multiple. The post Beware of Using Dark Patterns in Your Subscription Business appeared first on BlueSnap.

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Federal Trade Commission FTC Posting 52

Payments Dive

JULY 6, 2022

In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

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Federal Trade Commission FTC 88

ACI Worldwide Blog

MARCH 13, 2024

topped $10 billion last year, up 14% from the previous year, according to the Federal Trade Commission. Fraud has permeated numerous aspects of our lives, infiltrating the most routine activities and transactions, causing unease and uncertainty for many individuals. In fact, fraud-related losses in the U.S.

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Federal Trade Commission Innovation Security Transactions 52

ACI Worldwide Blog

MARCH 13, 2024

topped $10 billion last year, up 14% from the previous year, according to the Federal Trade Commission. Fraud has permeated numerous aspects of our lives, infiltrating the most routine activities and transactions, causing unease and uncertainty for many individuals. In fact, fraud-related losses in the U.S.

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Federal Trade Commission Innovation Security Transactions 52

Finextra

JANUARY 24, 2024

In 2022, the Federal Trade Commission (Off-site) reported $8.8 The year-over-year losses from scams continue to rise. billion in losses from scam activity, a 30% increase from the previous year.

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Scams Federal Trade Commission Fed Continuity 45

Payments Source

DECEMBER 23, 2019

The Federal Trade Commission has filed a lawsuit against FleetCor Technologies and its CEO Ronald Clarke, alleging they used deceptive practices that defrauded its business customers of hundreds of millions of dollars in fees and false claims about fuel savings.

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Federal Trade Commission FTC Technology Compliance 87

Payments Source

OCTOBER 15, 2019

The facial recognition development trail is dotted with starts and stops in its search for consumer adoption, from Mastercard's "selfie pay" to Apple's 3-D facial scan tests and the Federal Trade Commission's approval of biometric authorization.

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Federal Trade Commission Visa Authorization Payments 96

Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

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Federal Trade Commission FTC Debit Transaction Compliance 83

PYMNTS

JUNE 12, 2020

Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. There were 47,881 fraud complaints to the FTC across the country , the majority in every state. There were 14,079 complaints about identity theft, and 3,738

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FTC Federal Trade Commission Identity Theft Consumer 61

Payments Source

JULY 19, 2019

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

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Federal Trade Commission Data Breach Settlement Breach 81

Payments Source

MAY 20, 2020

First Data Merchant Services LLC and a former executive agreed to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed payments and laundered credit card transactions for scams targeting hundreds of thousands of consumers.

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Federal Trade Commission Scams FTC Consumer 73

Payments Source

AUGUST 1, 2019

The Federal Trade Commission just updated its website with disappointing news: No, you aren’t getting $125 because of the Equifax Inc. data breach.

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Federal Trade Commission FTC Data Breach Breach 65

Payments Source

OCTOBER 24, 2019

The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.

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Federal Trade Commission FTC Breach Laws 63

Payments Source

FEBRUARY 27, 2018

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures.

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Venmo Federal Trade Commission FTC PayPal 88

Payments Source

SEPTEMBER 17, 2018

The payments, which total more than $10 million, stem from a 2017 settlement with the Federal Trade Commission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds.

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Federal Trade Commission Checks Settlement Consumer 68

PYMNTS

JUNE 10, 2020

senators urged the Federal Trade Commission (FTC) to investigate allegations that TikTok violated a consent decree protecting children’s privacy, Dig.Watch reported. Authorities said there are concerns about potential misuse. Wednesday’s announcement by the investigative panel comes weeks after four U.S.

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Privacy Authorization Federal Trade Commission FTC 101

PYMNTS

NOVEMBER 19, 2020

Facebook could soon be staring down a lawsuit as the Federal Trade Commission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports.

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Federal Trade Commission FTC Privacy Laws 92

Payments Source

NOVEMBER 10, 2016

The Federal Trade Commission filed a lawsuit against NetSpend on Thursday, alleging that the prepaid card issuer deceived consumers in its advertising.

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Federal Trade Commission FTC Card Issuer Issuers 79

The Paypers

MAY 26, 2022

Social media platform Twitter has failed to protect the privacy of users’ data for six years and has been ruled by the Justice Department and the Federal Trade Commission in the US to pay USD 150 million in penalties.

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Privacy Federal Trade Commission Rules 36

PYMNTS

OCTOBER 4, 2020

While the transactions were approved by regulators, some Capitol Hill lawmakers have raised antitrust concerns and urged the Federal Trade Commission (FTC) to break up the company and its subsidiaries.

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Federal Trade Commission FTC Request for Comment Laws 116

Accertify

MAY 30, 2023

According to the Federal Trade Commission (FTC) billions of email addresses, passwords, and other sensitive customer data are exposed on the dark web each year. Federal Trade Commission data shows that consumers reported losing nearly $8.8 Contact us today to request a consultation.

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Fraud Prevention Federal Trade Commission Technology Account Takeovers 52

Payments Source

FEBRUARY 6, 2018

It is unclear whether the Consumer Financial Protection Bureau is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission as the latter investigates the credit bureau.

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Federal Trade Commission CFPB Consumer Data Breach 62

PYMNTS

AUGUST 20, 2020

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported.

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FTC Federal Trade Commission Privacy Laws 83

PYMNTS

AUGUST 11, 2020

Representatives of the companies either denied wrongdoing or declined to comment.

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Federal Trade Commission Regulations FTC Small Business 94

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

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FTC Scams Federal Trade Commission Law Enforcement 76

PYMNTS

OCTOBER 8, 2019

Department of Justice and the Federal Trade Commission about our investigation into Facebook,” New York Attorney General Letitia James said in a statement to The Washington Post. 25 that the Justice Department would open an antitrust investigation of Facebook, which also faces probes by the Federal Trade Commission.

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Federal Trade Commission Data Breach Breach Legal 54

PYMNTS

SEPTEMBER 11, 2019

To find out if Amazon is utilizing its market power to hurt competition, a Federal Trade Commission (FTC) team of investigators has started to interview small businesses that sell items on Amazon. 11), citing unnamed merchants.

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FTC Federal Trade Commission Agreements Regulations 99

Payments Source

DECEMBER 20, 2016

The Federal Reserve and Federal Trade Commission investigated Visa for debit practices, a move that enhances competition in the marketplace for merchants.

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Federal Trade Commission Federal Reserve Fed Debit Card 64

PYMNTS

AUGUST 13, 2020

In June, Reuters reported the Federal Trade Commission (FTC) is conducting a preliminary inquiry of Google’s $1.1 Founded in 2007, Waze said it had 130 million monthly users as of February 2020. Google, the world’s dominant online search engine, has faced growing regulatory scrutiny in recent years.

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Contactless Payments Federal Trade Commission FTC Payments 138

PYMNTS

DECEMBER 28, 2020

More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020, the Federal Trade Commission (FTC) said. .

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

NOVEMBER 12, 2020

Federal Trade Commission (FTC), said antitrust enforcers should be on guard against dominant companies buying emerging startups, Bloomberg reported. Joe Simons , chair of the U.S. That, according to the report, shone a light on one of the central issues in the agency's investigation of Facebook.

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FTC Federal Trade Commission Risk Consumer 66