Payvision
Payvision
Payvision, a FinTech subsidiary of ING Bank, has been accused of supporting cybercrimes and scams. The company and its founders are listed in court files related to the Vienna Cybercrime Trials, which detail Payvision’s involvement in transferring millions to companies associated with cybercriminals. After ING acquired Payvision, it divested itself of high-risk segments such as porn and gambling, resulting in the loss of nearly 70% of Payvision’s customers. ING has announced that it will close down Payvision. The company is currently facing charges from the European Fund Recovery Initiative on behalf of victims of cybercrime.
