The Federal Trade Commission has reached a settlement with U.K.-based payment processor Paddle.com Market Limited and its U.S. subsidiary, Paddle.com, Inc., that includes a $5 million payment and a ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The firm will also be permanently banned from processing ...

On June 16, 2025, the FTC announced it had reached a settlement with a UK-based payment processor, resolving allegations that the company facilitated deceptive tech-support schemes by processing ...

Paddle will pay the FTC $5m to settle allegations that it processed payments for tech support scammers. The UK-based payments firm will also be permanently banned from processing payments for tech ...

Tech-support scams cost consumers hundreds of millions of dollars annually. Seniors are particular targets of the crooks, sometimes losing their life savings. The scam often starts with a call, email, ...