Payment Co. Agrees To Pay FTC $4.9M Over False Ad Claims
By Emilie Ruscoe ( July 29, 2022, 9:41 PM EDT) -- Payment processor First American Payment Systems LP and two of its affiliates agreed Friday to give the U.S. Federal Trade Commission $4.9 million to pass on to small businesses following allegations the companies misrepresented their service contract terms to prospective customers, then stymied cancellations by imposing a steep fee on those who wanted to exit those agreements....
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