company

Humboldt Merchant Services

US payment processor and independent sales organisation that signs up and underwrites card-accepting merchants under a sponsor bank's network registration. Also trades under the name 5967 Ventures.

Known aliases

5967 Ventures
Humboldt

Relationships

No evidence-backed relationships are recorded.

Current clusters

invest1 publisher

FTC's $12M case against Humboldt cites sham merchants, ignored warnings and a 2015 BMO consultant report

The findings a consulting firm produced for BMO Harris in 2015 now sit inside an FTC complaint as evidence against the processor they described, and the $12 million and the processing ban fall on the processor alone.

Publishers:americanbanker.com

Reality

Evidence62
Adoption30
Hype gap+5
Incentives68
Confidence60