Wirecard - News, Articles & Research

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

News/payments

Munich prosecutors raid Wirecard's offices

Munich police have raided Wirecard's headquarter offices and other properties, accelerating the fraud probe into the battered payment processor's €1.9 billion accounting black hole.

01 July 2020

Company announcement/regulation

MAS keeps watchful eye on Wirecard in Singapore

The Monetary Authority of Singapore (MAS) said today that Wirecard entities in Singapore (“Wirecard”) have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore.

01 July 2020

Company announcement

I2c unveils 'easy' migration package for Wirecard customers

i2c Inc., a leading global provider of digital payment and open banking technology, today announced it stands ready to assist clients of Wirecard or any other insolvent bank or processor who are being negatively impacted in today’s uncertain times.

30 June 2020

News/payments

FCA lifts sanctions on Wirecard UK; US operations up for sale

The Financial Conduct Authority has lifted restrictions imposed on Wirecard UK, enabling the distressed firm to resume operational activity amid fears that a longer suspension could have done irreparable damage to the country's fintech sector.

30 June 2020

News/payments

FCA says Wirecard making 'good progress'; fintechs warn of economic catastrophe

Following last week's action by the Financial Conduct Authority to suspend business at Wirecard UK, the watchdog says it has seen good progress by the battered payments processor in meeting conditions for a return to operational activity.

29 June 2020

News/regulation

Fintechs take flight as FCA freezes customer accounts at Wirecard UK

The UK's Financial Conduct Authority has ordered Wirecard UK to cease all regulated activity after the parent company filed for insolvency in Germany.

26 June 2020