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Online Payment Firm Acteva Acknowledges Multimillion-Dollar Debt to Charities, Blames Cash-Flow Problem

Alex Kekauoha, San Francisco Public Press — Dec 9 2013 - 3:25pm

The top executive of Acteva, a San Francisco-based payment processing company, says he has a plan to dig out of $4 million to $5 million in debt and repay online donations owed to nonprofit organizations across the country. Still, some creditors — including a community college, an environmental group, an agricultural cooperative and a regional journalism organization — say they are owed tens of thousands of dollars each, and question whether the business will ever refund the money. Some are now taking legal action.

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