JACKSONVILLE, Fla. — The parent company of a digital payment company that was raided by FBI Jacksonville on Tuesday is speaking out, saying it is not aware of the purpose of the search.
Three Jacksonville sites connected to Pax Technology Inc. (also known as PAX US) -- which is owned by PAX Global Technology Limited in Hong Kong -- were investigated by the FBI and other agencies on Tuesday. The company told Action News Jax that night that normal operations have resumed.
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The foreign company is one of the largest digital payment providers in the world. It provides the machines like the ones used at stores to pay at checkout.
In a news release posted on its website on Friday, PAX Global Technology said during the searches, items were seized and employees were interviewed. PAX Global said it was not aware of the purpose of the search, or any charges filed:
“The Group has not been informed of, and has not found any published statement of those authorities in connection with the subject matter or purpose of the search and interviews. The board of directors of the Company (the “Board”) is not aware of any charge having been filed against the Group in relation to such an incident.”
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PAX Global addressed the possibility of its products and services being involved in cyberattacks, saying it was not aware of any cyberattack incidents or complaints:
“As far as the Board is aware based on due enquiries, as at the date of this announcement, there has neither been any reported cyberattack incidents nor cyberattack complaints, including any breach of security protocols, against PAX products and services anywhere in the world.”
PAX Global said its stock price on The Stock Exchange of Hong Kong Limited has taken a hit since the FBI searches. It requested a stop in trading of its stocks on Wednesday and has applied to resume trading on Monday, Nov. 1.
To read the full release from PAX Global Technology Limited, click here.