Online banking and payments company i2c announced on Tuesday it is now assisting clients of Wirecard or any other insolvent bank. As previously reported, Wirecard filed for bankruptcy last week following the announcement the German fintech had misplaced €1.9 billion. The aftershocks of the announcement saw the CEO resign and then arrested. The former COO is on the lam, reportedly somewhere in Asia.
i2c reported it is helping Wirecard clients secure new bank sponsors and support a smooth and rapid migration of credit, debit and prepaid card issuer programs, through rapid implementation with the i2c platform, to minimize any customer disruption. Speaking about the migration plans, Kevin Fox, EVP and Head of Sales for the Americas at i2c, stated:
“i2c’s technology and virtual infrastructure is unrivaled and is a consistent reason why buyers select us as their payment strategist and processing partner. We are accustomed to transitioning client accounts without incident in record time and have a global footprint with banks and network providers in 200+ countries around the world that we can put at your service.”
Founded in 2001, i2c claims it drives innovation to the global digital payments and open banking industry with a multi-function platform built for endless possibilities.
“Advanced “building block” processing technology at its core provides a vast suite of credit, debit and prepaid solutions—all from a single global SaaS platform. This enables clients to dynamically configure payment solutions with unparalleled flexibility, agility and performance while maintaining highly secure and reliable payments.”