More than a year after proposing a click-to-cancel rule for subscriptions and recurring transactions, the Federal Trade Commission released a final version of the measure, officially called the Negative Option Rule. Announced Wednesday, the rule’s five primary elements call for important subscription information to be truthful, clear, and easy to …
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Paysafe’s Pay by Bank Option; Doxo Fires Back at FTC Lawsuit; Veritran Partners with Swift
Digital Bill-Payment Specialist Doxo Responds To an FTC Lawsuit Alleging Deceptive Practices
Firing back at a Federal Trade Commission lawsuit alleging deceptive practices in the bill-payment business, doxo Inc. has issued a statement claiming the charges are inaccurate and push a narrative that will prevent bill-payment providers from streamlining the digital bill-payment process. The FTC lawsuit, filed late last week, charges doxo …
Read More »CFPB Takes Aim at Big Tech Wallets; Shift4’s M&A Embrace; Chargebacks911 in FTC Settlement
Chargebacks911 in FTC Settlement And Other Digital Transactions News briefs from 11/8/23
The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …
Read More »What the Surcharge Cap Reduction Could Harbor; Chargebacks911 Says FTC Is Wrong; Plus Weekly Recap
A2A Payments’ Increasing Impact; A Better Way To Track Gun Sales; The FTC’s ‘Click to Cancel’ Button
The FTC’s ‘Click to Cancel’ Button And Other Digital Transactions News briefs from 3/23/23
The Federal Trade Commission issued a proposed rule that would require sellers to offer a “click to cancel” button that customers could use to more easily stop subscriptions and recurring payments. A global survey on cross-border payments found 29% of mid-size and large U.S. businesses cite high transaction cost as a challenge, …
Read More »Why the FTC Singled Out Mastercard
The Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. The order—issued to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks—may have surprised at least some observers. That’s because …
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