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FTC-alledges-fraud-at-payment-processor-Interbillpay.com

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Courtesy InfoWorld

Shortly after starting its work, rates of returned transactions skyrocketed, and InterBill received complaints from consumers and banks, the FTC said. More than 70 percent of the attempted transactions were returned or refused by banks, the FTC said.

InterBill eventually asked Pharmacycards about the source of its consumer database and requested proof that consumers had received the material for which they were billed. Despite receiving insufficient answers, InterBill kept processing payments, the FTC said.

In addition to repayment, the FTC is requesting that the court block InterBill from similar transactions.

Here's my question: Shouldn't Visa and Mastercard already have given these guys a death sentence? I know they were hitting debit cards and not credit cards, but still...

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