This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
03/18/2021
Payments Guys Acting Badly—And Strangely
Digital Transacations
There has now been a year of pandemic, but also of regulation, litigation, and malfeasance in the payments business. What’s going on, and has anything really changed?
Like everyone else in the “Time of Covid,” the people of payments woke up just about every day last year wondering what new surprise was in store for that day. Commerce was in chaos, streets were deserted, everything had moved online.
Somehow, most of the industry seemed to make it through 2020 largely unscathed—even newly resilient in spots (such as the buy now, pay later boomlet).
But that’s when an otherwise unremarkable news item came through the ether at the outset of this year: Federal investigators from three agencies were probing business card sales practices by American Express Co. Why that, why now, amidst so many other concerns?

Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information