The financial services provider was one of the UK's largest electronic payment providers.
ePayments issued email notices to its customers on Tuesday, stating that it is officially closing its business operations in light of local regulations.
However, almost three years ago, the UK Financial Conduct Authority - FCA ordered it to cease operations due to alleged shortcomings in its financial crime controls.
Electronic payment provider ePayments puts the final nail in the coffin for your operations.
ePayments was estimated to have $149 million, or £127.5 million, in customer funds, which was temporarily inaccessible.
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