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Federal Court Takes Control of Plano, Texas-Based Credit-Card Services Firm.

Knight Ridder/Tribune Business News, February, 2002

By Sudeep Reddy, The Dallas Morning News Knight Ridder/Tribune Business News

Feb. 15--A federal district court has taken control of a Plano-based credit-card services company after it was accused of withdrawing unauthorized fees from its clients' bank accounts.

U.S. District Court Judge Paul Brown of Sherman took the action Monday after the Federal Trade Commission accused Certified Merchant Services of altering clients' fee rules after their contracts were signed. The company, using different names, would then take the fees from clients' bank accounts, the FTC said. The agency has not said how much money was involved.

The FTC said it's the first complaint filed against a company that processes credit- and debit-card transactions for...

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