FTC Seeks Court Sanctions Against Cliq for Violating 2015 Payment-Processing Order
The FTC asks a Nevada federal court to hold Cliq, Inc. (formerly Cardflex) and its leaders in contempt for repeatedly violating a 2015 order by processing payments for prohibited and high-risk merchants, including Mastercard’s MATCH-listed businesses, and failing to monitor risk. It seeks at least $52.9 million in relief, a permanent ban for the executives, and a court-appointed receiver to ensure compliance.