Tag: Donald Kasdon

At first glance, Payvision may look like an old scandal from the binary-options era. It is not. A newly reviewed EFRI dossier argues that Payvision did not merely sit in the background as a payment processor, but allegedly helped build, adapt, and preserve the payment rails that kept the Lenhoff/Barak fraud factories running. That matters now because the fallout is still alive: EFRI is pursuing claims in Amsterdam, criminal-file materials continue to be re-evaluated.

At first glance, T1 Payments may look like an old story from the heyday of binary options, high-risk MLM, and aggressive offshore processing. Its glory days as one of the major high-risk payment processors are long over. But the case is far from dead. Courts in the U.S. and Europe are still dealing with the wider fallout, including the role of its long-time partner Payvision.

The latest public record around U.S. high-risk processor T1 Payments and its founder and former CEO Donald Kasdon points not to a comeback, but to a deepening post-collapse aftermath. Court records show that T1’s Chapter 7 bankruptcy was treated as closed by June 10, 2025, that stayed merchant cases began moving again, and that one related action ended in a March 30, 2026 default judgment against T1.

In the complex world of high-risk payment processing, merchants face the murky waters of termination fees. Recent cases, such as T1 Payments LLC v. New U Life Corp., have shed light on a concerning trend where some high-risk payment processors employ termination fees to unjustly profit at the expense of merchants. We strongly caution merchants against accepting termination fees, as this is a motivation for payment processors to collect them.

On November 19, 2023, the probably last filings for the bankrupt iPayTotal Ltd were made at the UK Companies House. The liquidator Arvindar Jit Singh reported the end of the liquidation. As one of the many high-risk payment processors of the Indian Ruchi Rathor, the insolvency deprived merchants of many millions. The liquidator reports "only" around £1.9 million unsecured claims that were not paid. But insiders say it was much more. The company is dissolved!

Miami's very own Donald Kasdon is a notable figure in the global high-risk payment industry, a tough space to be in; it often treads a thin line between legal operations and murky, illicit undertakings. T1 Payments Group was a high-risk payment scheme operated by the Kasdon family until its bankruptcy in early 2023. The FCA-regulated EMI, founded and run by Kasdon's fiance, Amber Fairchild, seems to burn a lot of money without any recognizable business.

U.S. high-risk payment processor T1 Payments was once the partner for ING's now-closed Payvision subsidiary. T1 Payments faced numerous lawsuits from merchants alleging fraud and fled into bankruptcy in January 2023. The payment processor was run by Donald Kasdon, his mother Debra Karen King aka Debra Karen Kason and his fiance Amber Fairchild. The later founded the FCA-regulated e-Money Institution Pixxles Ltd.

Donald Kasdon's U.S. high-risk payment processor T1 Payments has received several lawsuits in recent years from former merchants claiming that T1 Payments failed to pay them their money. Apparently, Donald Kasdon is trying to escape these many lawsuits via a Chapter 7 Bankruptcy deposition. T1 Payments was the U.S. partner of ING subsidiary Payvision, which is also desperately trying to settle lawsuits from merchants in the U.S. We would like to know more.

Pixxles is a spin-off of the notorious US high-risk payment processor T1 Payments. FCA-regulated since June 2021, the e-money institution is led by former T1 Payments executive Amber Fairchild, once the fiancée of T1 Payments founder and CEO Donald Kasdon. PayRate42 downgraded Pixxles because of its financial performance. The company's 2021 financials show a heavy operating loss and an substantial cash burn rate, which had to be covered by issuing new shares.

T1 Payments LLC was a VISA- and Mastercard-registered Payment Facilitator (PAYFAC) until 2017 in the U.S. and had a contract with WorldPay (then dba Vantiv). This industry-leading payment processor processed more than 20 billion transactions per year at the time. In March 2017, Vantiv filed a fraud complaint in the U.S. against T1 Payments. The latter subsequently had to process its U.S. customers through Payvision up to at least the summer of 2021. However, the Dutch payment processor was not authorized to operate in the U.S. Thus, they engineered a special solution.

ING subsidiary Payvision was a super-aggressive high-risk payment processor that did not shy away from facilitating cybercrime activities until it was shut down in October 2021. Founded by Rudolf Booker in Amsterdam, the FinTech has worked with Donald Kasdon's high-risk processor, T1 Payments, in the United States. Payvision and T1 Payments worked out a system that allowed Payvision to hide behind Donald Kasdon's group of companies. In the U.S., former customers (merchants) brought fraud lawsuits. Let's unfold the story!

The Dutch Andre Valkenburg became Payvision CEO as of 1.5.2020 after the founders and directors Rudolf Booker, Gijs van de Weegh, and Cheng Liem Chi resigned after the company was acquired by ING in 2018. According to (checked) information available to FinTelegram, he is still the managing director of Payvision, which ING ordered to go out of business. According to some US lawsuits, he is also said to have continued Payvision's high-risk business during his CEO tenure.