One of the nation’s largest check authorization service companies is going to be cutting a rather large check to settle charges made by the Federal Trade Commission. [More]
telecheck
FTC Collects $3.5 Million From TeleCheck For Failing To Investigate Disputes Or Correct Errors
Best Buy Accepts Check For $2,500, Rejects One The Next Day For $320
Believe it or not, some people still write checks for large retail purchases. And even with all the new-fangled technology that gives consumers and retailers nearly instant access to account balances, there is still some mystery about just how some checks get approved or denied. Take, for example, the Best Buy customer in Ohio who had no problem with a $2,500 check, but who couldn’t get approval on a $320 check from the same store the next day. [More]