FYI...

- http://www.infoworld.com/article/07/12/12/FTC-charges-payment-company-with-fraud_1.html
December 12, 2007 - "The U.S. Federal Trade Commission has filed charges against a payment processing company, accusing it of attempting to debit consumers' bank accounts for up to $200 million on behalf of dishonest merchants. Those consumers either never received the goods or received worthless items, said the FTC, which filed the complaint with seven other U.S. states. The payment company allegedly violated both federal and state consumer fraud laws, telemarketing rules and FTC regulations regarding the unfair processing of payments. The payment processing company went by several names, which are listed in a FTC news release*. The FTC alleges the company processed payments for fraudulent telemarketers and Internet-based merchants that used deceptive sales scripts and methods. About $69 million of the $200 million in transactions were either rejected by consumers or returned because of lack of proper payment authorization, the FTC said. The FTC wants to refund consumers and force the company to forfeit money it still holds from the fraud in addition to other civil penalties..."
* http://www.ftc.gov/opa/2007/12/yma.shtm
December 11, 2007 - "...Named as defendants in the complaint are Your Money Access, LLC d/b/a Netchex Corp., Universal Payment Solutions, Check Recovery Systems, Nterglobal Payment Solutions, Subscription Services, Ltd.; YMA Company, LLC, Derrelle Janey, and Tarzenea Dixon. The complaint charges them with violating Section 5 of the FTC Act by unfairly processing debit transactions to consumers’ bank accounts, and violating the Telemarketing Sales Rule by providing substantial assistance or support to sellers or telemarketers who they knew, or consciously avoided knowing, were violating the TSR. The complaint also charges them with violating the Illinois Consumer Fraud Act, the Iowa Consumer Fraud Act, Nevada’s Deceptive Trade Act, the North Carolina Unfair and Deceptive Trade Practices Act, the Ohio Consumer Sales Practices Act, and the Vermont Consumer Fraud Act. The complaint seeks a permanent bar on further violations, monetary relief, including consumer redress and the disgorgement of ill-gotten gains, and civil penalties under applicable state claims..."