Tag: high-risk payments

T1 Payments And Donald Kasdon: Post-Bankruptcy Fallout, Payvision, And The Unfinished High-Risk Payments Story

Bankruptcies tamir -
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.

Bennupay Under Scrutiny After Whistleblower Alleges Upfront Fee Grab and Abrupt Merchant Termination

Compliance Charlene Lensburg -
A whistleblower has approached FinTelegram with serious allegations against Bennupay, a high-risk payment orchestration brand linked to UK entity Bennu Tech Ltd and Cyprus entity SREBARS TRADING LTD. According to the whistleblower, Bennupay collected a €2,500 setup fee, sent a short technical-maintenance notice, and then terminated the merchant relationship almost immediately while declaring the fee non-refundable.