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Publishers Clearing House ( PCH) is an American company founded in 1953 by Harold Mertz. It was originally founded as an alternative to door-to-door magazine subscription sales by offering bulk mail direct marketing of merchandise and periodicals. They are most widely known for their sweepstakes and prize -based games which were introduced in 1967.
The Clearing House is the oldest banking association and payments company in the United States. The Clearing House governance model includes a supervisory board and two managing boards, one for the Payments Company and one for the Association. The businesses and affairs of PayCo and the Association are managed by the Supervisory Board.
President: Ms. Terry L. Rupp. American Family Publishers was an American company that sold magazine subscriptions. Founded in 1977, American Family Publishers (AFP) was one of America's leading marketers of magazine subscriptions. AFP was jointly owned by TAF Holdings, Inc. (a subsidiary of Time Inc.) and a group of private investors.
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Publishers Clearing House agreed to pay $3.5 million, not to a lucky prize winner, but to a collection of states that accused the marketing company of once again misleading consumers. A decade ...