Violation Tracker Individual Record

Company: 
First Data Merchant Services, LLC
Current Parent Company: 
Fiserv
Penalty: 
$40,200,000
Year: 
2020
Date: 
May 19, 2020
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

One of the biggest payment processing companies and its former executive agreed to pay more than $40.2 million to settle Federal Trade Commission allegations that they knowingly processed payments and laundered, or assisted laundering of, credit card transactions for scams that targeted hundreds of thousands of consumers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Trade Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Wisconsin
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.