The FTC Is Now Coming for the Payment Processors That Enable AI Fraud

The FTC settled for $4.85 million with Canadian payment processor Nuvei over allegations of enabling merchant fraud tied to AI-related scams, marking an enforcement extension from AI companies to financial infrastructure. This move is part of a broader three-tiered FTC strategy targeting AI applications, infrastructures, and algorithms to combat consumer harm and fraud.

This Wire brief sits within Fusion42's coverage of Fintech.