Sections
Wirecard
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Partnerships / AcquisitionsFormer Wirecard Unit North Lane To Merge With daVinci Payments
daVinci Payments will merge with North Lane Technologies for the formation of a new...
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B2B PaymentsPartnerships, Investments Boost Corporate Spend Management With Cards
Spend management was the focus of innovation in the commercial card space this week...
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InternationalSingapore Businesses Struggle To Get Paid Following Wirecard Shutdown
Singapore businesses are struggling to get paid following the shutdown of German payment processing...
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B2B PaymentsPaynetics Agrees To Acquire Some Wirecard UK, Ireland Assets
Bulgaria's Paynetics said it has agreed to acquire “some of” the England and Ireland...
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Security & FraudGermany Regulator Resets In Wake Of Wirecard Debacle
Germany’s financial watchdog BaFin would be equipped with a stronger bite under a plan...
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Security & FraudErnst & Young Faces Backlash Over Whistleblower Report On Wirecard
One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at...
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Security & FraudSingapore Banking Regulator Shuts Wirecard
Singapore’s financial regulatory authority announced Wednesday (Sept. 30) it has directed Wirecard AG to...
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LoansGerman Bank Raided Over $117M Wirecard Loan
A team of police and investigators raided the headquarters of KfW, a German state-owned...
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Security & FraudReport: EY Whistleblower Called Out Wirecard For Fraud Years Before...
An EY whistleblower has alleged the global accounting firm was warned as far back...
- Security & Fraud
Ernst & Young CEO Expresses Regret Over Wirecard
EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to...
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Partnerships / AcquisitionsUS FinTech Change Financial To Buy Wirecard Australia, New Zealand...
Change is ahead for Change Financial. The publicly-traded company that serves U.S. customers has...
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AcquiringRailsbank Inks Deal To Buy UK Wirecard Card Solutions
Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. in the United...
- Security & Fraud
Philippines Investigates 57 Potential Participants In Wirecard Scandal
Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG...
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Partnerships / AcquisitionsReport: Deutsche Bank Withdrew From Wirecard Deal Over Price
Deutsche Bank AG is out. Bloomberg News reported the Frankfurt, Germany-based global investment bank...
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LegalGermany Ends Probe Into Wirecard Accusations Of Journalists
A Munich prosecutor won't be going forward with a case against two Financial Times...
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Security & FraudGermany’s Trading Exchange Manager Seeks To Call Out Rule-Breaking Companies
Deutsche Boerse, Germany’s exchange manager for trading shares and other securities, is seeking Parliament’s approval to “name...
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Security & FraudGermany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal
Despite calls for his resignation in the wake of the Wirecard AG scandal, the president...
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Security & FraudGermany's Parliament Announces Plans To Investigate Wirecard
As the criminal investigation into the collapse of Wirecard AG continues, the Bundestag (Germany’s...
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Partnerships / AcquisitionsIt’s Down To The Wire For Wirecard
Call it a case of death by a thousand cuts. Job cuts. And cutting...
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Partnerships / AcquisitionsRailsbank To Buy Wirecard’s UK Operations
Wirecard Card Solutions Ltd. has announced plans to sell its U.K. operations more than...
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PersonnelWirecard To Slash Hundreds of Jobs
Until now, the Wirecard AG scandal that crippled the German payment company has had...
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NewsToday In Payments: DoorDash Moves Ahead With IPO Plans; JPMC...
In today’s top news, DoorDash plans to go public by the end of the...
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InternationalWirecard Makes Deals To Sell Its Brazil, UK Operations
As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company...
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InternationalDelivery Hero To Replace Wirecard On Germany's DAX Index
Germany's blue-chip DAX index will be replacing Wirecard, the disgraced payments company, with a...
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PersonnelFormer Wirecard Exec Reported Dead
The Philippines government has confirmed that Christopher Bauer, a former executive of the bankrupt...
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Security & FraudGerman Prosecutors Seek Public's Help To Find Ex-Wirecard Exec
German investigators have issued an all-points bulletin seeking the public’s help in finding former...
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RegulationWirecard Kicked Off Germany's Blue-Chip Index
Exchange operator Deutsche Boerse will be removing Wirecard from the DAX index of leading...
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Security & FraudSingapore Charges Citadelle Corporate Services Owner In Wirecard Collapse
A Singapore businessman faces charges of falsifying documents that showed more than 100 million...
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Security & FraudReport: Wirecard Execs May Have Hidden $1B Before Collapse
In anticipation of its collapse in June, Wirecard AG executives may have raided the...
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Security & FraudWirecard Lenders On The Hook For Millions
Wirecard AG’s bankruptcy filing is not just having an impact on the once bright...
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Security & FraudWirecard Linked To Mafia Money Laundering
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino...
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The WeekenderCloud Technology For FIs, Debit Cards, Potential Credit Card Default...
It’s the end of the work week, and the PYMNTS Weekender is here to...
- Security & Fraud
Germany Asks For Interpol Help To Find Ex-Wirecard COO
Germany is seeking help from Russia to help locate missing Wirecard executive Jan Marsalek,...
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Security & FraudGerman Finance, Economy Ministers Questioned Over Wirecard Collapse
German Finance Minister Olaf Scholz and Economy Minister Peter Altmaier faced hours of questioning...
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Security & FraudAlmost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
SoftBank Group Corp., the Tokyo-based multinational conglomerate that owns stakes in technology and finance companies,...
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NewsToday In Payments: Amazon Expands Grocery Delivery In UK; Mastercard...
In today’s top news, Amazon will expand its Amazon Fresh delivery service in the...
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Security & FraudVisa, Mastercard Fined Wirecard Millions
Long before alarm bells sounded at Wirecard AG, the now-insolvent German payments processing company,...
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Partnerships / AcquisitionsWirecard Shares Surge As Investors Offer To Buy Insolvent Payments...
As five dozen suitors with the backing of more than 130 investors have lined...
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Security & FraudGerman Central Bank Seeks Tighter Change Post-Wirecard ‘Scandal’
For the second time in four days, a high-ranking German regulator has called for...
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Security & FraudGerman Finance Ministry Toughens Rules In The Wake Of Wirecard
Germany has taken action to update its rules in the wake of the Wirecard...
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Security & FraudPhilippine Wirecard Inquiry Targets Two Bank Employees
The Philippines’ Anti-Money Laundering Council said investigators are focusing on two rogue bank employees...
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NewsToday In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks...
In today’s top news, Mastercard is promoting sustainable credit cards, and Wirecard seeks a...
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Security & FraudThree Former Top Wirecard Execs Arrested In Alleged Fraud Scheme
Three former top executives of Wirecard AG were arrested Wednesday (July 22) as prosecutors...
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Security & FraudWirecard Seeks Forensic Investigation Into Its Collapse
Wirecard AG, the German payments company fighting for survival, has hired a forensic team...
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NewsToday In Payments: eBay Nearing Sale Of Classified Ad Division;...
In today’s top news, eBay is near a sale of its classified ad division...
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Security & FraudWirecard Auditor Flagged KPMG Report, Saying It Needed 'Context'
Wirecard AG’s accounting firm said an independent report failed to account for half of...
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NewsToday In Payments: FBI Probes Twitter Hack; Wirecard Exec Admits...
In today’s top news, the FBI is investigating the worst security breach in Twitter’s...
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LoansEU Banks Face Massive Losses On Exiting Wirecard Loans
The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some...
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Security & FraudWirecard Exec Admits Role In German Company's Collapse, Attorney Says
One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt...
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Security & FraudBaFin Downplayed Wirecard Complaints, Report Says
German market watchdog Federal Financial Supervisory Authority, or BaFin, has come under fire for...
