Nuvei to pay $4.85 million FTC settlement over merchant fraud
Nuvei will pay $4.85 million to settle FTC charges related to payment processing for merchants engaged in fraudulent activity and must implement robust merchant screening practices.
Nuvei and its subsidiaries were alleged to have knowingly processed payments for merchants engaged in fraudulent activity. 85 million to settle Federal Trade Commission charges that it opened and maintained payment processing accounts for merchants that the agency said it knew were involved in fraud.