Germany

European Union To Investigate German Regulator Over Wirecard
European Union To Investigate German Regulator Over Wirecard
June 26, 2020  |  Security & Fraud

The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Brussels is seeking an investigation into the...

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EY Says Wirecard Gave False Statements During 2019 Audit
EY Says Wirecard Gave False Statements During 2019 Audit
June 26, 2020  |  Security & Fraud

According to auditor Ernst & Young (EY), German payment processor Wirecard knowingly gave false statements and was in the midst of “elaborate and sophisticated fraud...

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German Court Orders Facebook To Stop Data Collection
German Court Orders Facebook To Stop Data Collection
June 23, 2020  |  Facebook

The German Federal Court has ordered Facebook to comply with an order from the country’s antitrust regulator and stop data collection of users in the...

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German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
June 23, 2020  |  Regulation

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed...

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FedEx Eyes Stake In Germany’s Hermes Delivery Service
FedEx Eyes Stake In Germany’s Hermes Delivery Service
May 27, 2020  |  Delivery

With home deliveries surging, FedEx may be looking to acquire stake in German delivery firm Hermes, according to the Handelsblatt newspaper, as reported by Reuters....

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Spike In Virus Outbreaks Threatens Global Reopening Plans
Spike In Virus Outbreaks Threatens Global Reopening Plans
May 11, 2020  |  Coronavirus

Plans across the world to reopen economies and re-enter public life are being thwarted by new flare-ups of the coronavirus. In South Korea, Germany and...

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How Fashion eCommerce Payments Can Be Designed For Cross-Border Appeal
How Fashion eCommerce Payments Can Be Designed For Cross-Border Appeal
April 30, 2020  |  Payments Powering the Platform Economy

When it comes to appeasing cross-border shoppers, a one-size-fits-all approach can fall short. Winning over customers worldwide requires merchants to offer a secure, localized payment...

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France To Allow Small Nonessential Retail To Reopen; Germany, Spain Plan May 4 Reopening
France To Allow Small Nonessential Retail To Reopen; Germany, Spain Plan May 4 Reopening
April 28, 2020  |  Economy

French Prime Minister Edouard Philippe said that nonessential merchants could open again beginning May 11, but they will be able to require that customers wear...

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What Germany’s Soft Reopen Portends For The US Market
What Germany’s Soft Reopen Portends For The US Market
April 23, 2020  |  Coronavirus

What if an economy had a grand(ish) reopening — and almost everyone decided to sit it out?  Such is the question German officials are facing this...

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