AI / FINTECH / CRYPTO / TECH

NY Presswire

Understand the systems shaping money.

Humboldt Merchant Services: FTC settlement (Sep 2026)

The FTC settled with Humboldt Merchant Services on September 8, 2026, according to the agency’s own announcement.

Date
Agency
FTC
Action
Settlement
Amounts (as stated)
$12 million for consumer redress

The FTC alleged payment processor Humboldt processed payments for over 1,000 shell merchants fronting unauthorized-billing scams despite red flags such as chargeback rates nearly 10 times the card-brand threshold.

Money involved. $12 million for consumer redress.

Questions

What did the FTC say Humboldt Merchant Services did?

The FTC alleged payment processor Humboldt processed payments for over 1,000 shell merchants fronting unauthorized-billing scams despite red flags such as chargeback rates nearly 10 times the card-brand threshold.

How much is Humboldt Merchant Services paying?

$12 million for consumer redress.

See every action in the fintech and crypto enforcement tracker.

Company (as named)
Humboldt Merchant Services
Category
Payments
Agency announcement
ftc.gov
Sources
SourceLink
FTC announcementhttps://www.ftc.gov/news-events/news/press-releases/2026/09/ftc-takes-action-against-payment-processor-humboldt-merchant-services-knowingly-facilitating-payment

Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.

NY Presswire

What are you looking for?

Search a topic or question