Wirecard

Wirecard Says $2.1B Likely Didn’t Exist

Wirecard Says $2.1B Likely Didn’t Exist
Wirecard Says $2.1B Likely Didn’t Exist
June 22, 2020  |  News

Wirecard AG, the Munich, Germany payment processor, acknowledged Monday it’s likely the missing 1.9 billion euros ($2.1 billion) from its accounts in the Philippines never...

READ MORE >
Philippines Central Bank Says Wirecard Deposits Never Made
Philippines Central Bank Says Wirecard Deposits Never Made
June 21, 2020  |  Cybersecurity

The Philippines central bank cast doubt on Wirecard AG’s assertion that the Munich, Germany payment processor deposited 1.9 billion euros ($2.1 billion) into two banks...

READ MORE >
Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net $136B In Annual Shopping Event
Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net...
June 19, 2020  |  News

In today’s top news, Congress is considering passing another round of PPP loans for certain small and medium-sized businesses (SMBs), and Alibaba and JD.com recorded...

READ MORE >
Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 
Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 
June 19, 2020  |  Cybersecurity

Cash, they say, is king.  And when cash disappears from the bank (and thus from corporate coffers) — under mysterious circumstances with a convoluted backstory...

READ MORE >
Wirecard CEO Out After Auditors Reported $2B Is Missing
Wirecard CEO Out After Auditors Reported $2B Is Missing
June 19, 2020  |  Cybersecurity

The founder and CEO of Wirecard AG resigned Friday (June 19) one day after auditors revealed 1.9 billion euros ($2.1 billion) were missing from the...

READ MORE >
Wirecard Delays Annual Report After Auditors Can’t Confirm $2.1B In Cash Exists
Wirecard Delays Annual Report After Auditors Can’t Confirm $2.1B In Cash Exists
June 18, 2020  |  Cybersecurity

Wirecard has postponed publication of its 2019 annual report after disclosing that its auditor can’t confirm the existence $2.1 billion in trust accounts — or...

READ MORE >
Commercial Cards Gear Up For Corporate Travel’s Return
Commercial Cards Gear Up For Corporate Travel’s Return
June 17, 2020  |  B2B Payments

It may not look like it yet, but business travel is headed for a comeback. Get the Full Story Complete the form to unlock this...

READ MORE >
Wirecard Teams With Payhawk For Corporate Expense Card Rollout
Wirecard Teams With Payhawk For Corporate Expense Card Rollout
June 15, 2020  |  B2B Payments

To offer businesses a simple way for supervising expenditures, digital financial technology firm Wirecard is teaming with Payhawk to roll out a new Visa card,...

READ MORE >