The FTC Is Now Coming for the Payment Processors That Enable AI Fraud
On September 4, 2026, the Federal Trade Commission (FTC) announced a $4.85 million settlement with Canadian payment processor Nuvei Corporation. Filed in the U.S. District Court for the District of Arizona, the action stems from allegations that Nuvei knowingly facilitated merchant fraud between 2017 and 2023. Specifically, the agency found that Nuvei processed over $30…