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May 2, 2024

BlueSnap Pays $10 Million to FTC for Enabling Fraudulent Payments

In a landmark settlement, payment processor BlueSnap, along with its former CEO and SVP, have agreed to pay $10 million to the Federal Trade Commission (FTC) for facilitating payments for companies engaged in deceptive and fraudulent activities. The FTC's strict restitution measures aim to protect consumers, with a ban on processing payments for high-risk clients.