from cnet.com
A federal judge has ordered online payment processor Qchex to cease its current method of online payment processing, which U.S. regulators say facilitated fraud.
Qchex let people create and send checks drawn on any bank account without verifying their authority to do so, the Federal Trade Commission said in a statement Monday. The San Diego-based company’s business focused on generating electronic checks online that could be e-mailed and then printed out by the recipient…
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