Wirecard - News, Articles & Research

Singapore shuts down Wirecard operations

Singapore's central bank has ordered Wirecard to cease all business and return all customer funds within the next two weeks.

30 September 2020

News/payments

Portugal's Sibs buys Wirecard Romania business

Portuguese payments processor Sibs is the latest firm to pick up a piece of the Wirecard empire, acquiring its operations in Romania.

29 September 2020

News/crime

Fintech bids for Wirecard's Aus and NZ businesses

The break-up of the various international businesses of disgraced payments processing company Wirecard continues after it emerged that Australian payments firm Change Financial is set to buy its Australian and New Zealand businesses for $7.8m.

14 September 2020

News/identity

IDnow acquires Wirecard Communication Services

The fire sale of Wirecard assets continues apace, with digital identity firm IDnow picking up the disgraced German firm's Communication Services unit.

01 September 2020

News/payments

Railsbank closes in on Wirecard UK deal

Railsbank is closing in on its acquisition of the UK arm of disgraced Germany payments processor Wirecard. Financial terms have not been disclosed.

28 August 2020

News/payments

Railsbank bids for Wirecard UK

Railsbank has confirmed its intent to acquire the UK arm of disgraced Germany payments processor Wirecard.

21 August 2020

News/payments

Marsalek joins Interpol's 'Most Wanted' ranks

Jan Marsalek, the elusive former chief operating officer of defunct German payment processors Wirecard, has been put on Interpol's most wanted list as German prosecutors plead on TV for leads to the disgraced executive's whereabouts.

14 August 2020

News/wholesale

Wirecard debacle costs Commerzbank €175 million in bad loans

Germany's Commerzbank has written off €175 million in loans made to collapsed payment processor Wirecard, a figure which is likely to push the bank into the red for the full year.

05 August 2020

News/payments

Visa and Mastercard hit Wirecard with big fines a decade ago - WSJ

Visa and Mastercard both slapped eight figure fines on Wirecard years before the German payments processor's recent spectacular collapse in the face of an accounting scandal, according to the Wall Street Journal.

28 July 2020

News/regulation

Wirecard scandal signals EU regulatory overhaul

European Union officials have suggested that there will be changes in the supervision of fintech firms in the wake of the £1.8bn accounting scandal at German payments firm Wirecard.

27 July 2020

News/payments

Wirecard chief Braun arrested for second time

Former Wirecard chief executive Markus Braun has been arrested for a second time on allegations of direct involvement in a long-running fraud at the insolvent German payments processor.

22 July 2020

News/people

Missing Wirecard exec Marsalek under protection of GRU in Moscow

German newspapers are reporting that missing Wirecard executive Jan Marsalek is being sheltered by Russian secret service agents in the military-controlled GRU.

20 July 2020

Company announcement/regulation

Esma to probe BaFin actions in Wirecard collapse

The European Securities and Markets Authority (ESMA) is to launch an assessment of the supervisory response in the financial reporting area by BaFin and the Financial Reporting Enforcement Panel (FREP) to the events leading to the collapse of Wirecard AG.

15 July 2020

News/regulation

Calls grow for FCA to introduce new rules in wake of Wirecard scandal

In the wake of Wirecard's demise, Nigel Verdon, Railsbank co-founder and CEO, has called on the industry and regulators to introduce new provisions for material outsourcers such as card issuing platforms as a further safeguard to protect client money.

13 July 2020

News/payments

Wirecard's Dublin offices searched as fraud probe widens

Irish police have raided Wirecard's Dublin offices, as investigations into the collapse of the German payments processor open up on multiple fronts.

10 July 2020

News/regulation

FCA warns PSPs and e-money issuers to improve customer protection

In a ‘Dear CEO’ letter the FCA has set out clear requirements for payment institutions (PIs) and e-money institutions (EMIs) operating within the payment services sector to act on new guidance focused on customer protection.

09 July 2020

News/people

German prosecutors arrest head of Wirecard Dubai unit

Munich prosecutors have arrested the head of a Dubai-based Wirecard subsidiary on suspicion of fraud.

06 July 2020

News/people

The mysterious case of Wirecard's missing COO

Faked immigration records in the Philippines were used to throw authorities off the scent of Wirecard chief operating officer Jan Marsalek, who has been missing since his dismissal from the firm in the wake of the discovery of a €1.9 billion black hole in the payment processor's accounts.

06 July 2020

Company announcement/regulation

Singapore investigates Citadelle and Senjo Group over Wirecard scandal

The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) have launched a joint investigation into Citadelle Corporate Services Pte Ltd (“Citadelle”), Senjo Group Pte Ltd and its subsidiaries (“Senjo”) for suspected falsification of accounts under the Penal Code (Cap 224), as well as carrying on a trust business without a licence under the Trust Companies Act (Cap 336).

03 July 2020

Company announcement/payments

Contis launches 'quick migration' to support Wirecard customers

In response to recent service outages, leading European payments provider, Contis, has designed an immediate solution for Wirecard’s European clients to rapidly migrate their complete payments needs.

03 July 2020