FTC orders Humboldt Merchant Services to pay $12 million
The FTC has proposed an order requiring Humboldt Merchant Services to pay $12 million and permanently bar it from processing payments for certain high-risk merchant categories.
Under the proposed order, Humboldt Merchant Services will be required to pay $12 million and permanently stop processing payments for certain categories of merchants. The payment processing company will be barred from handling payments for merchants with a heightened risk of poten…