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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."

2 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.

  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.