September 14, 2020Change is ahead for Change Financial.
The publicly-traded company that serves U.S. customers has agreed to buy Wirecard’s assets in Australia and New Zealand, the company said in an announcement.
In a ...
September 11, 2020Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. in the United Kingdom, the company announced Thursday (Sept. 10).
The Newcastle, England-based FinTech has signed an agreement to buy the ...
September 11, 2020Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the Philippines, Reuters reported.
Anti-Money Laundering Council ...
September 4, 2020Deutsche Bank AG is out.
Bloomberg News reported the Frankfurt, Germany-based global investment bank and financial services company is no longer interested in buying Wirecard AG’s banking unit because it is ...
September 3, 2020A Munich prosecutor won’t be going forward with a case against two Financial Times (FT) journalists for alleged market manipulation resulting from their 2019 reports in the case against disgraced ...
September 2, 2020Deutsche Boerse, Germany’s exchange manager for trading shares and other securities, is seeking Parliament’s approval to “name and shame” companies in the wake of the Wirecard AG scandal, Reuters reported.
In a Wednesday (Sept. ...
September 2, 2020Despite calls for his resignation in the wake of the Wirecard AG scandal, the president of the German Federal Financial Supervisory Authority (BaFin) has refused to go.
While Felix Hufeld acknowledged the nation’s ...
September 1, 2020As the criminal investigation into the collapse of Wirecard AG continues, the Bundestag (Germany’s Parliament) is planning to hold an inquiry into the payment company.
The Financial Times reported that as ...
August 28, 2020Call it a case of death by a thousand cuts.
Job cuts. And cutting loose operations. And cost cuts.
What will be left of Wirecard Card Solutions? What will be left of Wirecard?
The ...
August 28, 2020Wirecard Card Solutions Ltd. has announced plans to sell its U.K. operations more than two months after the disgraced German payments company filed for insolvency.
Under the terms of the agreement, ...
August 25, 2020Until now, the Wirecard AG scandal that crippled the German payment company has had little impact on its 1,500 employees worldwide – but that’s about to change.
Michael Jaffé, the company’s ...
August 24, 2020In today’s top news, DoorDash plans to go public by the end of the year, and JPMorgan Chase reportedly plans to launch a digital bank in the U.K. Plus, Apple ...
August 21, 2020As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported.
Michael Jaffé, the court-appointed insolvency administrator, said ...
August 19, 2020Germany’s blue-chip DAX index will be replacing Wirecard, the disgraced payments company, with a new listing for Berlin’s Delivery Hero, the Financial Times (FT) reported.
Like many food delivery companies, Delivery ...
August 13, 2020The Philippines government has confirmed that Christopher Bauer, a former executive of the bankrupt German payments company Wirecard AG, has died, Reuters reported.
Justice Secretary Menardo Guevarra said the 44-year-old had been ...
August 13, 2020German investigators have issued an all-points bulletin seeking the public’s help in finding former Wirecard AG executive Jan Marsalek, The Wall Street Journal reported.
The wanted poster issued by the country’s ...
August 12, 2020Exchange operator Deutsche Boerse will be removing Wirecard from the DAX index of leading German blue-chip stocks following a rule change, signaling another blow for the disgraced payments company, Reuters ...
August 9, 2020A Singapore businessman faces charges of falsifying documents that showed more than 100 million euros ($118 million) in three accounts held on behalf of Wirecard AG, The Wall Street Journal ...
August 7, 2020In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while it fought allegations of accounting ...
August 6, 2020Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left a huge gap in European banks’ income statements, ...
August 3, 2020Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial ...
July 31, 2020It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have ...
July 30, 2020Germany is seeking help from Russia to help locate missing Wirecard executive Jan Marsalek, The Wall Street Journal (WSJ) reported.
Russian authorities had no comment, according to WSJ, and neither did ...
July 29, 2020German Finance Minister Olaf Scholz and Economy Minister Peter Altmaier faced hours of questioning by Parliament Wednesday (July 29) over allegations they failed to prevent the Wirecard AG accounting scandal.
Reuters ...
July 29, 2020SoftBank Group Corp., the Tokyo-based multinational conglomerate that owns stakes in technology and finance companies, invested $1 billion in Wirecard AG last year in a move that quieted questions about the German payment processing ...
July 28, 2020In today’s top news, Amazon will expand its Amazon Fresh delivery service in the U.K., and Mastercard and the Bank of Shanghai have expanded cross-border business payments in China. Plus, ...
July 27, 2020Long before alarm bells sounded at Wirecard AG, the now-insolvent German payments processing company, there were red flags.
The Wall Street Journal reported on Monday (July 27) that Visa and Mastercard ...
July 27, 2020As five dozen suitors with the backing of more than 130 investors have lined up to buy what’s left of Wirecard AG, the German payment company’s stocks soared by as ...
July 27, 2020For the second time in four days, a high-ranking German regulator has called for major changes in response to the Wirecard scandal.
In the latest development, Bundesbank President Jens Weidmann said ...
July 24, 2020Germany has taken action to update its rules in the wake of the Wirecard AG scandal as complaints mount that regulators failed to police the insolvent payments company.
The nation’s Federal ...
July 23, 2020The Philippines’ Anti-Money Laundering Council said investigators are focusing on two rogue bank employees in the Wirecard AG scandal.
The government watchdog discovered the workers from Banco de Oro and Bank ...
July 22, 2020In today’s top news, Mastercard is promoting sustainable credit cards, and Wirecard seeks a forensic investigation into its recently discovered accounting scandal. Plus, Salesforce expanded its Order Management offerings.
Mastercard Introduces ...
July 22, 2020Three former top executives of Wirecard AG were arrested Wednesday (July 22) as prosecutors allege they were part of a criminal enterprise to steal billions from creditors based on fake ...
July 21, 2020Wirecard AG, the German payments company fighting for survival, has hired a forensic team to investigate the accounting scandal that led to its insolvency, sources told Reuters.
Once worth $28 billion ...
July 20, 2020In today’s top news, eBay is near a sale of its classified ad division to Adevinta, and Lollapalooza’s co-founder said live concerts won’t be back until 2022. Plus, Mastercard is ...
July 19, 2020Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s revenue and all its operating profit, the Financial Times (FT) reported.
Ernst & ...
July 17, 2020In today’s top news, the FBI is investigating the worst security breach in Twitter’s history, and one of the jailed Wirecard executives admitted guilt to fraud and money laundering. Plus, ...
July 17, 2020The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20 percent of the nearly $2 ...
July 16, 2020One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt to the multi-billion-dollar fraud and money laundering case, according to Reuters.
The executive was the CEO of ...
Change is ahead for Change Financial.
The publicly-traded company that serves U.S. customers has agreed to buy Wirecard’s assets in Australia and New Zealand, the company said in an announcement.
In a ...
