Wirecard

Police Raid Wirecard’s Offices In Two Countries
Police Raid Wirecard’s Offices In Two Countries
July 01, 2020  |  Security & Fraud

A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1 billion) that went...

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Internal Doc: Half Of Wirecard’s Sales Came From Just 100 Clients
Internal Doc: Half Of Wirecard’s Sales Came From Just 100 Clients
June 30, 2020  |  Security & Fraud

A summary of Wirecard’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet....

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Former Wirecard Execs Face Criminal Charges In Austria
Former Wirecard Execs Face Criminal Charges In Austria
June 30, 2020  |  Security & Fraud

The Wirecard AG accounting scandal has extended its reach to Austria. A criminal complaint has been filed in a Vienna court against Wirecard’s former CEO...

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Today In Payments: Wirecard North America Business Entity Up For Sale; Uber Eyes Postmates Buy
Today In Payments: Wirecard North America Business Entity Up For Sale; Uber Eyes Postmates Buy
June 30, 2020  |  News

In today’s top news, Wirecard’s separate North America company is up for sale, and Uber is eyeing a Postmates acquisition. Plus, Stripe launched a customer...

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BIS: Wirecard Debacle Could Trigger Revamp Of Payment Regs
BIS: Wirecard Debacle Could Trigger Revamp Of Payment Regs
June 30, 2020  |  Security & Fraud

The stunning demise of Germany’s Wirecard AG could lead to a revamp of some of the rules governing the international payments sector, which has seen...

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Wirecard Reopens UK Banking As Regulators Remove Restrictions
Wirecard Reopens UK Banking As Regulators Remove Restrictions
June 30, 2020  |  Security & Fraud

Wirecard AG got the green light Tuesday (June 30) to resume its banking operations in the United Kingdom (UK), as financial regulators lifted restrictions that...

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Source: German Regulators Failed To Take Action On Wirecard Red Flags
Source: German Regulators Failed To Take Action On Wirecard Red Flags
June 29, 2020  |  Bank Regulation

Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but...

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UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020  |  Security & Fraud

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the...

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Singapore’s Central Bank Helping Police Investigate Wirecard
Singapore’s Central Bank Helping Police Investigate Wirecard
June 29, 2020  |  Security & Fraud

The Monetary Authority of Singapore (MAS) is collaborating with police to investigate Wirecard AG, the embattled German payment processing firm, Reuters reported. Singapore’s Commercial Affairs...

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