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Tag: Worldpay

Landmark French Ruling Holds Payment Processors Liable for Broker Scams: A Blueprint for EU Victims?

Binary Options Charlene Lensburg -
The French Supreme Court (Cour de Cassation) has just recently firmly established the liability of payment processors like WorldPay and Seroph Holding (AlgoCharge) for facilitating unauthorized binary options schemes. As restitution payouts loom, this critical ruling sets a formidable due diligence standard that could ripple across the EU, offering renewed hope for victims pursuing institutional giants like ING's Payvision.

German Payment Company PPRO Appoints Motie Bring As New Chief Executive Officer

Fintech Payment Contributor -
German payment processor PPRO announced that its Board had elevated its Chief Commercial Officer, Motie Bring (LinkedIn), to the position of Chief Executive Officer, effective from 2 Oct 2023. Motie will succeed the outgoing CEO, Simon Black, who had previously declared his intention to step down. This decision comes after a thorough internal and external search process overseen by the Board in recent months.

How T1 Payments And Payvision Engineered Their U.S. High-Risk Business!

Court Cases Ben -
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.

Dutch Payment Veteran Andre Valkenburg presented as new Payvision CEO

Fintech tamir -
After the surprise departure of the founders of Payvision a few days ago, mother ING has installed a new...

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