Tagged: payments

July 2, 2020 @ 7:43 am By Samantha Hurst  |  

  Cross-border payment platform Currencycloud announced on Thursday it has formed a partnership Ripple, an enterprise blockchain solution for global payments. CurrencyCloud reported that RippleNet, Ripple’s global financial payments network, makes it easy for its network of financial institutions worldwide to enable faster, lower-cost payments… Read More

July 1, 2020 @ 5:10 pm By JD Alois  |  

The German Financial Reporting Enforcement Panel or Deutsche Prüfstelle für Rechnungslegung (DPR) has issued a statement defending its actions in the ongoing Wirecard (WPI:DE) scandal. It was recently reported that the German government had terminated its contract with the DRP, private entity contracted by the… Read More

July 1, 2020 @ 1:57 pm By JD Alois  |  

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

June 30, 2020 @ 2:54 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the top financial regulator in Singapore, has issued a statement indicating Wirecard AG (WDI:DE) customer funds have been parked in Singapore banks thus segregating the funds from the Wirecard implosion. Wirecard is not currently licensed by MAS as there is… Read More

June 30, 2020 @ 11:21 am By Samantha Hurst  |  

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… Read More

June 30, 2020 @ 8:44 am By JD Alois  |  

Investors who bet against Wirecard AG (WDI:DE) are poised to collect on their bets. Wirecard filed for bankruptcy last week following the announcement the Fintech had misplaced €1.9 billion. The aftershocks of the announcement saw the CEO resign and then arrested. The former COO is on… Read More

June 29, 2020 @ 11:53 am By Samantha Hurst  |  

VoPay, a Canada-based payments platform, announced on Monday it has formed a partnership with real-time bank certification service Inverite to deliver its open banking payment solution to more than 285 Canadian financial institutions. VoPay reported that through the partnership, businesses may now offer more consumers… Read More

June 28, 2020 @ 5:21 pm By Omar Faridi  |  

Calgary-based Fintech firm Helcim has developed and introduced a comprehensive platform to help companies accept payments and conduct business online. Helcim claims that there has been a significant increase in sales. The Canadian Fintech also noted that it will waive monthly fees for using the… Read More

June 28, 2020 @ 5:01 pm By JD Alois  |  

The German government has terminated a relationship with the Financial Reporting Enforcement Panel or “Deutsche Prüfstelle für Rechnungslegung” (DPR) in the wake of the fallout of the Wirecard (WDI:DE) scandal, according to a report in the Suddeutsche Zeitung. The DPR is an entity that has… Read More

June 27, 2020 @ 6:22 pm By JD Alois  |  

  The Wirecard AG (WDI:DE) saga has gone from bad to worse as allegations of profound fraud cratered the company when its auditor, EY, uncovered a misplaced €1.9 billion in funds. Since the clear operational failure, the former CEO, Markus Braun, has been arrested and… Read More

June 25, 2020 @ 7:35 am By JD Alois  |  

Wirecard (WDI.DE) has filed for insolvency following a report €1.9 Billion had gone missing. Shares in Wirecard collapsed on the news trading at around €2.50 a share. It was only last week that shares in Wirecard traded at over €100 a share. Wirecard joined the… Read More

June 24, 2020 @ 10:16 am By JD Alois  |  

Quant Network, an enterprise blockchain tech firm, and SIA, European payment services business and a subsidiary of CDP Equity, have successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology (DLT) protocols, according to a company release. The test integrated the Quant Network’s Overledger technology into… Read More

June 24, 2020 @ 9:38 am By JD Alois  |  

The collateral damage of the alleged Wirecard (WDI.DE) fraud will not be fully understood for weeks or months. Earlier this week, disgraced former CEO Markus Braun was arrested by Munich Police. He was soon back out on the street after ponying up a €5 million… Read More

June 24, 2020 @ 7:55 am By JD Alois  |  

Global tech firm Samsung Electronics Co., Ltd has announced a partnership between Samsung Pay, the digital banking Fintech Curve, and Mastercard to launch the Samsung Pay Card. Curve is a Fintech service that allows users to manage and consolidate cards into a single app providing… Read More

June 24, 2020 @ 12:41 am By JD Alois  |  

The European Union initiated a consultation on its retail payments strategy last April. The deadline for comments is this Friday, June 26, 2020. The consultation addresses the digitization of payments and the belief that Europe needs a “strategic vision to ensure that consumers and companies… Read More

June 22, 2020 @ 11:33 am By JD Alois  |  

Earlier today, it was reported that Wirecard’s (WDI.DE) missing €1.9 billion may have never existed at all. Last week, the payments Fintech revealed in a statement that during an audit questions emerged regarding the funds with the auditor intimating it was under the belief there… Read More

June 22, 2020 @ 10:01 am By JD Alois  |  

Wirecard AG  (WDI.DE), a publicly-traded Fintech that jolted shareholders last week when it disclosed it could not account for €1.9 billion, has issued a new statement today on the missing funds. According to the Management Board of Wirecard “there is a prevailing likelihood that the… Read More

June 21, 2020 @ 9:37 pm By Samantha Hurst  |  

Fundbox, a B2B payments and credit network developed to enhance B2B commerce at scale, recently announced it has partnered with  LoanPro, a cloud-based loan servicing platform, to accelerate the development of flexible credit management capabilities. While sharing details about the collaboration, Prashant Fuloria, COO of… Read More

June 19, 2020 @ 8:17 am By JD Alois  |  

Markus Braun has resigned his position as CEO of Wirecard AG  (WDI.DE), effective immediately.  The news came the day after the company posted that it could not account for €1.9 billion and the auditor, EY, claimed there had been attempts to deceive its work. Yesterday,… Read More

June 18, 2020 @ 3:50 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Thursday it has launched in Belgium by introducing “Pay in 21 days” service. Klarna reported that shoppers will now be able to buy online and pay once they have received the goods. “With the launch of `Pay in 21… Read More