Wire · regulatory
FTC, Washington Take Action Against Payment Processor for Deceiving Small Businesses ...
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Fusion42 · 2 November 2026 · Fusion42 review
The FTC and Washington state took action against Riverside Payments Inc. and its affiliate for deceiving small businesses by falsely promising cost savings on payment processing, hiding fees and tough cancellation terms, resulting in a $600,000 settlement and orders to improve disclosures and cancellation processes.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must rethink how you sell payment services to small businesses as deceptive savings claims and hidden fees are under stronger federal scrutiny. Simplify contracts and cancellation to avoid penalties and protect your market access.
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1 source · 2 Nov 2026
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