article thumbnail

Chargebacks persist as court voids FTC rule

Payments Dive

Consumers view disputed payments as a viable refund alternative, according to a survey that arrived with the demise of a federal “click-to-cancel” rule.

Void 88
article thumbnail

Pay with TRIO: The E-Commerce Breakthrough with Stablecoins.

Finextra

The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Conditional Payments for Seller-Buyer Customization and Disputes Resolution. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers. Businesses are losing money to Fraud-$10.6m

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Pay with TRIO: The E-Commerce Breakthrough.

Finextra

The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Conditional Payments for Seller-Buyer Customization and Disputes Resolution. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers. Businesses are losing money to Fraud-$10.6m

article thumbnail

FTC, Florida reach $150,000 settlement with Chargebacks911

Payments Dive

The Federal Trade Commision and Florida had sued the company for using deceptive tactics to prevent consumers from disputing credit card charges.

FTC 97
article thumbnail

FTC Calls For Tighter Small Biz Lending Scrutiny

PYMNTS

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C., Chopra spoke at an agency forum in Washington, D.C.,

FTC 60
article thumbnail

While FTC’s ‘Click-to-Cancel’ Should Reduce Chargebacks, Experts Warn Effective Communication Should Remain Top Priority

Fintech Finance

Federal Trade Commission’s (FTC) ‘click-to-cancel’ rule , which will require businesses offering subscription services or memberships to make it much easier for customers to cancel.

article thumbnail

FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme

PYMNTS

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The FTC reported news that victims received phone calls stating that legal action had been filed against them, or soon would be, and that they should call in with the provided case number — phony, of course. Hall and Dequan M.

FTC 47