Last Updated
Case Status
Pending
FEDERAL TRADE COMMISSION, Plaintiff, v. FIRST AMERICAN PAYMENT SYSTEMS, LP, a limited partnership, also d/b/a MERIMAC CAPITAL, ELIOT MANAGEMENT GROUP, LLC, a limited liability company, also d/b/a SUNDANCE PAYMENT SOLUTIONS, and THINK POINT FINANCIAL, LLC, a limited liability company, also d/b/a CYPRESS BAY SOLUTIONS and IMPULSE PAYMENTS, Defendants.
51±¾É«Matter/File Number
1923166
Case Summary
The 51±¾É« took action against payment processing company First American Payment Systems and two of its sales affiliates for targeting small- and medium-sized businesses. The 51±¾É«alleges that the defendants made false claims about fees and cost savings to lure merchants, many of whom had limited English proficiency. Once merchants were enrolled, the defendants withdrew funds from their accounts without their consent, and made it difficult and expensive for them to cancel the service. Under a proposed federal court order, the defendants will be required to return $4.9 million to harmed businesses, stop their deception, and make it easier for merchants to cancel their services.