Wirecard

UK Watchdog Under Fire for Ignoring Wirecard Links to Bogus Online Gambling Transactions

UK Watchdog Under Fire for Ignoring Wirecard Links to Bogus Online Gambling Transactions

The UK Financial Conduct Authorithy (FCA) is getting more than a slap on the wrist for ignoring warnings about Wirecard. The disgraced payment processor seems to have been enabling bogus transactions. Germany’s Wirecard has been linked to a ‘transaction laundering’ network of websites that allegedly deal in commercial goods.

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Wirecard’s U.S. Unit Bids for a New Owner as Rivals Sense an Opportunity to Win New Business

Wirecard’s U.S. Unit Bids for a New Owner as Rivals Sense an Opportunity to Win New Business

The fallout from the Wirecard AG financial scandal has hit the U.S. market as the processor’s North American unit announced late Monday it is seeking a buyer. Wirecard North America Inc., based in Conshohocken, Pa., said it has engaged an unnamed investment bank to assist in the transaction.

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Wirecard Files for Insolvency After Ex-CEO Arrested in $2 Billion Scandal

Wirecard Files for Insolvency After Ex-CEO Arrested in $2 Billion Scandal

Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive.

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German Watchdog Investigates Payments Company Wirecard

German Watchdog Investigates Payments Company Wirecard

FRANKFURT (Reuters) – Germany’s financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard (WDIG.DE), sending its shares lower and adding to pressure over allegations it has denied. At 1309 GMT, Wirecard’s shares were 3.3% lower, making them the biggest faller on the German blue-chip index.

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Wirecard’s Suspect Accounting Practices Revealed

Wirecard’s Suspect Accounting Practices Revealed

From inside its grey corporate headquarters in Aschheim outside Munich, Wirecard projects an image of one of Germany’s leading business success stories, a fintech champion to rival software giant SAP.

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Probe Into Wirecard Deal With Chennai Firm Likely

Probe Into Wirecard Deal With Chennai Firm Likely

The purchase took place just weeks after the company had been sold for 40 million, the filings said. Mumbai: The deal involving acquisition of a Chennai-based based payment processing company by German firm Wirecard may come under the scrutiny of Indian tax authorities.

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Wirecard AG: Something Is Terribly Wrong Here

Wirecard AG: Something Is Terribly Wrong Here

After the Financial Times published a pair of whistleblower-driven exposes that suggested some of Wirecard’s parabolic growth in the Asia-Pacific region was the result of a purported multi-year revenue inflation scheme, anyone wanting to understand the kettle the German payments company finds itself boiling in would do well to observe the timeless .

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