Fargo, ND re payment processor pleads accountable to using the services of payday loan providers
Intercept Corporation, a privately held organization headquartered in Fargo, ND, has pleaded bad in Philadelphia federal court to running an unlawful cash transmittal company tied to pay day loans that resulted in recentconvictions.
Intercept had been a 3rd party repayment processor which processed electronic funds transfers for the clients through the Automated Clearing home (“ACH”) system, a digital re re payments community that processed monetary deals without the need for paper checks.