Connecticut Attorney General William Tong. Courtesy photo 2 Multistate Settlements Affect Hundreds of Thousands of Residents
"Any financial institution with access to billions of dollars needs robust and redundant security measures. ACI's unauthorized withdrawals resulted in massive chaos and confusion, exposing consumers to overdraft fees," William Tong said. "Connecticut helped to lead this major multistate investigation and settlement, forcing significant penalties and strong security measures going forward to ensure this error is never repeated."
October 17, 2023 at 02:34 PM
3 minute read
News
Attorneys general announced a $20 million multistate settlement with payment processor ACI Worldwide Inc. over unauthorized withdrawals, and a $1.4 million settlement with health care clearinghouse Inmediata Corp.
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