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 had been placed on the troubled German payments company four days ago. Get the Full Story Complete the form to...
Partnerships of legacy financial institutions (FIs) and FinTechs are bringing forth some of the coolest experiences in banking. It’s a trend exemplified by open banking — the European invention that’s circling the globe, making news and putting some flash back into money. Get the Full...
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 U.K. haven’t been able to get ahold of their cash, CNBC reported. Get the Full Story Complete the form to...
The Monetary Authority of Singapore (MAS) is collaborating with police to investigate Wirecard AG, the embattled German payment processing firm, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The United Kingdom’s regulatory authority said Wirecard AG was correcting issues raised by the $2.1 billion accounting scandal, but restrictions on the collapsed German payments company will stay, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself, but it often rhymes.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported. Get the Full Story...
One of the leaders of Infraud Organization, the international cybercrime network, has pleaded guilty to conspiracy, according to the U.S. Department of Justice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...