FTC Halts Operation Of EdebitPay

The Federal Trade Commission halted the operations of EdebitPay on July 30th because they believe that EdebitPay began deducting application and processing fess of $159.95 from their applicants’ bank accounts without authorization. EdebitPay offers a number of prepaid debit and stored value cards under the names Acclaim Visa, Impact Visa, Sterling Visa, VIP Advantage Visa, Vue Visa, Elite Plus MasterCard, Impact MasterCard, Secure Deposit MasterCard, VIP MasterCard, and Vue MasterCard.

If you recently applied for one of these cards, usually through a website that would require you to input bank information, check your account for an unauthorized charge. For more information, here is the full FTC press release.