Nuvei Settles FTC Case for $4.9M Over Alleged Facilitation of Fraudulent Telemarketing
Canadian payment processor Nuvei has agreed to pay $4.85 million to settle a Federal Trade Commission (FTC) case that alleged the company processed payments for merchants engaged in unlawful practices, including deceptive telemarketing and fraud. The settlement requires Nuvei to implement enhanced screening of its clients, particularly those involved in high-risk categories like outbound telemarketing. The FTC accused Nuvei of facilitating fraudulent activities by processing over $30 million between 2017 and 2023 for a tech-support company called Reimage, which allegedly impersonated Microsoft to scam consumers. Nuvei did not admit or deny the allegations but stated it supports consumer protection efforts. The settlement also prohibits Nuvei from providing payment services related to fraudulent telemarketing activities and mandates compliance with fraud monitoring programs.
Topics: compliance FTC settlement payments telemarketing fraud