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FTC Says Payment Processor Took Millions

Posted by kdawson on from the give-me-your-money-or-give-me-your-time dept.

coondoggie writes "The Federal Trade Commission and seven states have charged a payment processor with violating federal and state laws by debiting, or attempting to debit, from consumers' bank accounts on behalf of numerous fraudulent telemarketers and Internet-based merchants. Between June 2004 and March 2006, the payment processing company, Your Money Access, processed more than $200 million in debits and attempted debits to consumers' bank accounts. More than $69 million of the attempted debits were returned or rejected by consumers or their banks for various reasons, indicating the lack of consumer authorization, the FTC complaint alleges."

3 of 120 comments (clear)

  1. took [OT] by Seumas · · Score: 2, Funny

    The title of this article made me, for the first time in my entire life, notice that "took" is a really weird word.

    1. Re:took [OT] by Anonymous Coward · · Score: 0, Funny

      You sound like an old roommate. It was about 4am and he was really drunk, he thought the word "bagel" was weird so he kept repeating it over and over.

  2. Re:What a load of bollocks by Anonymous Coward · · Score: 3, Funny

    >> If you don't know what you are talking about why not just shut the fuck up?

    wow, you're just a big meanie... digg.com is calling you.