Payments News

26 Aug 20 @ 11:49

JP Morgan Chase has been reported to be preparing to launch a digital bank in the UK in Q1 2020. The rumours suggest that JP has signed up suppliers to... read more

24 Aug 20 @ 09:00

The break-up of Wirecard has begun as it agreed to sell what is left of the UK business to Railsbank, a UK FinTech backed by Visa. The UK deal, which... read more

11 Aug 20 @ 09:27

COVID has accelerated changes in payments such that we’re already in a different landscape – and companies urgently need to make sure they’re ready. Amidst the tragedies and challenges we’ve... read more

07 Aug 20 @ 09:05

Visa and Mastercard recently reported quarterly results. Visa reported its fiscal third-quarter earnings and revenue expectations had been hit, but the COVID-19 crisis continues to drive mixed spending trends, with... read more

15 Jul 20 @ 11:55

Only 9% of the world’s top tier banks are effectively monetising payments data. Findings from Aite Group’s report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions, also... read more

08 Jul 20 @ 11:23

Wirecard’s dramatic fall from grace has thrust corporate governance and industry regulation across Europe firmly in the spotlight. The Munich-based payments processor filed for insolvency on Thursday 25 June, reportedly... read more

01 Jul 20 @ 16:21

Wirecard’s offices in Germany and two locations in Austria have been raided by Munich prosecutors looking into the €1.9 billion that went missing from the company’s accounts. 12 prosecutors and... read more

25 Jun 20 @ 11:49

The former darling of the German FinTech scene, Wirecard has collapsed into insolvency following revelations of a multiyear accounting fraud. Wirecard announced in a regulatory statement that it faced “impending... read more

23 Jun 20 @ 09:58

The former head of embattled Wirecard has handed himself into German prosecutors after an arrest warrant was issued on Monday. Markus Braun was arrested on suspicion of false accounting and... read more

18 Jun 20 @ 10:54

The long running accounting saga with Wirecard appears to have taken a turn for the worse as its auditors this morning announced it could not confirm the existence of €1.9... read more

11 Jun 20 @ 14:56

It’s an astonishing fact of business life that major global corporations attract all the attention from the press and analysts – and yet, in any region of the world, such... read more

26 May 20 @ 13:22

Wirecard has been forced to postponed the publication of its 2019 annual results for the third time after its auditor EY acknowledged it needs more time to finish the work,... read more