FTC files contempt against credit card processor Cliq for alleged ongoing compliance failures

ftc legal

The Federal Trade Commission (FTC) asked a court to hold the payment processor Cliq in contempt for allegedly “flagrantly” violating a 2015 order that the company monitor transactions for illegal charges and activity.

The 2015 order the FTC imposed on Cliq, formerly known as CardFlex Inc., its chief executive, Andrew Phillips, and chief technology and security officer, John Blaugrund, charged that the company had processed more than $26 million in illegal consumer charges on behalf of a company called iWorks.

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