Contis launches ‘quick migration’ to support Wirecard customers
Jul03

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. Contis can implement new or migrate entire programmes in weeks with minimal disruption to end-customers. This timely response helps companies avoid future reputational risk and uncertainty, while providing their customers with renewed...

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Facing Uncertainty after Wirecard Collapse: An Insider’s View on Mitigating Situation and Third-Party Necessity
Jul02

Facing Uncertainty after Wirecard Collapse: An Insider’s View on Mitigating Situation and Third-Party Necessity

Just recently, the payments market was struck by surprise, when Wirecard entered insolvency proceedings, as, upon audit, the industry-leading payment processor revealed to have a 1.9 billion dollar gap in its balance sheet. Following the developments concerning the parent company, Financial Conduct Authority (FCA) enforced its subsidiary in the UK to temporarily “cease all regulated activity” and freeze all currently held assets....

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Goldman Sachs, Morgan Stanley held 24% of Wirecard voting rights before the collapse
Jun30

Goldman Sachs, Morgan Stanley held 24% of Wirecard voting rights before the collapse

By Justinas Baltrusaitis The unexpected Wirecard collapse is still eliciting interest as financial players continue to raise queries on how the once high profile company was managed. The focus is on regulators and key shareholders who had the voice in overseeing the firm’s management prior to the bust. Data obtained by Buyshares.co.uk from the Wirecard website shows that US-based Goldman Sachs Group and Morgan Stanley accounted for...

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Open Letter to the FCA from the Emerging Payments Association
Jun29

Open Letter to the FCA from the Emerging Payments Association

Dear Maha Open Letter to the FCA from the Emerging Payments Association Unfreeze Wirecard accounts as soon as safeguarded funds are proven and accessible The Emerging Payments Association (EPA) and its members strongly urge the FCA to unfreeze Wirecard Card Services accounts as soon as it can, for the sake of cardholders, companies and their employees, and the UK fintech industry. Without this suspension being removed rapidly, we...

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Infographic: Wirecard Market Value Collapses 10.67 Billion Euros, Despite Just 1.9 Billion Euros Missing From Balance Sheet
Jun24

Infographic: Wirecard Market Value Collapses 10.67 Billion Euros, Despite Just 1.9 Billion Euros Missing From Balance Sheet

Market losses exceed funds missing from balance sheet by 462% Second-largest ever daily loss in DAX history Shortsellers earned 2.7 billion euros from Thursday to Friday alone Sharp rise in Google searches for Wirecard, as well as for rivals Adyen Within a few days, Wirecard lost around 10.67 billion euros in market value. This exceeds the missing 1.9 billion euros many times over, by 462% to be precise, as shown in a new infographic...

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Wirecard enables Payhawk to launch a corporate Visa card to simplify expenses and accounting for businesses
Jun15

Wirecard enables Payhawk to launch a corporate Visa card to simplify expenses and accounting for businesses

Companies using Payhawk can easily administrate budgets, spending limits and other expenses for every card through a single interface The card, issued by Wirecard, will be available in both virtual and physical form in 13 European countries Wirecard, the global innovation leader for digital financial technology, is collaborating with Bulgarian Fintech Payhawk to launch a new Visa corporate card to provide companies with an easy...

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Wirecard and Stocard collaborate to launch mobile payment feature and drive contactless payment adoption
Jun10

Wirecard and Stocard collaborate to launch mobile payment feature and drive contactless payment adoption

Wirecard, the global innovation leader for digital financial technology, is collaborating with Stocard, the leading mobile wallet and one of the largest B2C European FinTechs, to launch a new mobile payment feature in the Stocard app. The announcement comes as Stocard reaches 50 million users worldwide. Starting today, UK-based Stocard users can pay with their app via a virtual Wirecard-issued Mastercard card, an option that will be...

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Wirecard drives the digitalisation of professional sports: Partners with FC Bayern Munich Basketball
Jun05

Wirecard drives the digitalisation of professional sports: Partners with FC Bayern Munich Basketball

Wirecard, the global innovation leader for digital financial technology, and FC Bayern Munich Basketball are announcing their long-standing partnership, which is initially set to run until summer 2022. Wirecard will serve as a platinum partner of FC Bayern Munich Basketball during this time. Wirecard and FC Bayern Basketball have been working closely together in the development of digital payment solutions and related additional...

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Wirecard helps the State of Bavaria to digitize applications for the Corona Emergency Aid Program and accelerate payments
May27

Wirecard helps the State of Bavaria to digitize applications for the Corona Emergency Aid Program and accelerate payments

Wirecard, the global innovation leader for digital financial technology, is supporting the Bavarian government in distributing funds from the Corona emergency aid program to companies and freelancers as quickly as possible. The emergency aid is a financial bridging measure for smaller companies and freelancers whose existence is at immediate risk due to the Corona pandemic. Wirecard Communication Center employees are helping the...

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Wirecard and websms enable smart shopping via SMS and Messenger
May21

Wirecard and websms enable smart shopping via SMS and Messenger

Wirecard, the global innovation leader for digital financial technology, and websms, a pioneer in mobile messaging, have come together to set new standards in mobile marketing. With this cooperation websms and Wirecard aim to make it possible to handle payment transactions in a simple way via SMS or directly in the chat messenger for the first time. Although mobile marketing via SMS and messenger is growing rapidly thanks to high...

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Wirecard enhances payment suite for Xsolla, global video game business engine
May18

Wirecard enhances payment suite for Xsolla, global video game business engine

Wirecard, the global innovation leader for digital financial technology, today announces Xsolla, the global video game business engine, as a new client for digital payments in Europe. Wirecard will complement Xsolla’s card payments offerings, so that gamers continue to have their favourite payment options available in their territories. Founded in 2005, Xsolla works with some of the world’s largest gaming companies. Xsolla provides...

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Wirecard and Varengold Bank cooperate to provide financing and market-leading payment solutions to FinTech firms
May12

Wirecard and Varengold Bank cooperate to provide financing and market-leading payment solutions to FinTech firms

FinTech customers to benefit from powerful combination of access to capital with comprehensive card payment solutions Wirecard and Varengold enhance each other’s offerings to better serve FinTechs and generate more business opportunities Wirecard, the global innovation leader for digital financial technology, and Varengold Bank, a leading provider of FinTech financing, announced today the launch of a new strategic cooperation....

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Wirecard helps food service restaurants and merchants strengthen their businesses with digital services
May04

Wirecard helps food service restaurants and merchants strengthen their businesses with digital services

Wirecard, the global innovation leader for digital financial technology, is cooperating with Everesto, a delivery service management platform, to support food service merchants in expanding their core business to include delivery services. Everesto’s platform already handles thousands of transactions for restaurants of all sizes to accept orders and receive payment even before delivery has taken place. Customers can also pick up their...

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Wirecard’s boon enhances customer experience by collaborating with Vouchr to offer personalized cash gifting
Apr29

Wirecard’s boon enhances customer experience by collaborating with Vouchr to offer personalized cash gifting

Added capabilities allow boon customers to add a personal touch to payments with media-rich messages Wirecard, the global innovation leader for digital financial technology, has enhanced the customer experience of its mobile payment app, boon, by adding the capability to personalize cash gifts with meaningful media-rich messages and experiences. Collaborating with Vouchr, the creators of an engagement API for digital money, cash...

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COVID-19: Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses
Apr29

COVID-19: Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses

Together with Futur/io, Wirecard launches the “Innovation for Now” platform where merchants can find assistance packages from leading companies like SAP, VMware and Wirecard The simple online payment solution Pay-by-Link now enables every merchant to receive payments in real time via smartphone, even without an own online shop Wirecard, the global innovation leader for digital financial technology, is launching an initiative to...

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Wirecard helps merchants and restaurants introduce takeaway and delivery services with contactless payment options
Apr24

Wirecard helps merchants and restaurants introduce takeaway and delivery services with contactless payment options

Wirecard  helps merchants and restaurants introduce takeaway and delivery services with contactless payment options Wirecard handles customer-friendly mobile payment methods for the innovative payment solution stampayGO Merchants can leverage on Wirecard’s international Covid-19 support package to quickly and easily set up payment solutions Aschheim (Munich). Wirecard, the global innovation leader for digital financial technology, and...

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Wirecard and Visa collaborate on Visa Fintech Fast Track Program in the Middle East
Apr20

Wirecard and Visa collaborate on Visa Fintech Fast Track Program in the Middle East

Wirecard, the global innovation leader for digital financial technology, today announced they have signed an agreement to be the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region. The Visa Fintech Fast Track Program enables fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security that VisaNet, the company’s global payment network,...

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Wirecard wins S Sport Plus, Turkish streaming platform, as a new customer
Apr15

Wirecard wins S Sport Plus, Turkish streaming platform, as a new customer

Wirecard, the global innovation leader for digital financial technology, has won S Sport Plus, Turkey’s first sports streaming platform, as a new customer for payment processing. As part of the cooperation, Wirecard will process all payments carried out on the S Sport Plus platform, including new customer sign ups and recurring subscription payments. S Sport Plus, owned by Turkey’s leading Saran Group, offers more than 300 hours of...

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Wirecard collaborates with leading Hungarian e-commerce agency UNAS
Apr07

Wirecard collaborates with leading Hungarian e-commerce agency UNAS

Wirecard, the global innovation leader for digital financial technology, today announced a new strategic partnership with renowned Hungarian e-commerce agency UNAS to offer Wirecard’s payment solutions to its almost 5000 merchants. Through the agreement, Wirecard will be integrated as payment service provider (PSP) for UNAS. As a result, merchants can leverage on Wirecard’s payment solutions for their online shop. Based in Sopron,...

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Connecting the dots: the key to unlocking the potential of smart mobility
Apr07

Connecting the dots: the key to unlocking the potential of smart mobility

At its very essence, mobility is about getting from one place to another as quickly and as painlessly as possible. The destination is more important than the journey. But with new technology comes greater opportunities to disrupt the status quo, provide new experiences within those journeys and help people move around faster, easier and more enjoyably. The scope is huge. There were 4.8 billion local bus and 1.8 billion rail passenger...

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Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses
Mar31

Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses

Wirecard, the global innovation leader for digital financial technology, is launching an initiative to support businesses of all sizes and industries: Together with Futur/io, Wirecard is launching the “Innovation for Now” platform where merchants can find assistance packages from leading companies like SAP and Wirecard. The aim of the initiative is to bundle the offerings of all major tech companies in Germany and make them more...

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Wirecard expands presence in Mexico
Mar24

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for e-commerce payments, Point-of-Sales (POS) spend, and ATM cash withdrawals. Wirecard and Banca Afirme are long standing partners working together to implement and market payout products, branded as...

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Wirecard expands e-commerce offering for WeChat Pay and enables European merchants fast access to the Chinese market
Mar19

Wirecard expands e-commerce offering for WeChat Pay and enables European merchants fast access to the Chinese market

Wirecard, the global innovation leader for digital financial technology, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and checkout via WeChat Pay. This solution is ideal for European merchants seeking to enter the...

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Wirecard and Klarna launch joint payment solution for merchants
Mar12

Wirecard and Klarna launch joint payment solution for merchants

Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration through the Wirecard digital financial commerce platform to boost average order value,...

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Wirecard and Southeast Asia super app Grab announce payments partnership to drive cashless economy for MSMEs across the region
Mar11

Wirecard and Southeast Asia super app Grab announce payments partnership to drive cashless economy for MSMEs across the region

Wirecard, the global innovation leader for digital financial technology, is entering into a payments partnership with Grab, Southeast Asia’s leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets. Consumers can use their GrabPay e-wallet to pay for transactions online and offline, for example for ride-hailing or food delivery,...

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