Federated Payments

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Category: Business & Finances

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United States

Federated Payments Reviews

John Mechetti July 1, 2010
Will not release funds
This company seeme to be holding funds with the excuse there is some kind of risk involoved.
I processed a payment of $1, 524.65 USD, the customer used a Visa in Spain and Federated is saying they are unable to get through to the bank over there.
I contacted my customer in Spain and they contacted their bank and the bank said the funds had left their account and they gave me a confirmation number.
I called Federated and had to leave a message telling them this at their risk management department and they havent' returnred the call.
I'm beginning to wonder if Federated is having solvency issues.

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