Friday, 7 Aug 2020

CREDIT/DEBIT

Visa and Mastercard may cut ties with Wirecard amid scandal

NEW YORK • Visa and Mastercard are considering revoking Wirecard’s ability to process payments on their networks, in a move that would cause further pain for the firm after it started insolvency proceedings. The world’s largest payment networks have begun reaching out to some Wirecard clients to prepare them for the possibility, according to sources. […]

Visa, Mastercard weigh cutting ties with Wirecard after scandal

NEW YORK (BLOOMBERG) – Visa Inc and Mastercard Inc are considering revoking Wirecard’s ability to process payments on their networks, moves that could cause further pain for the fintech firm that’s been battered by an accounting scandal. The world’s largest payment networks have begun reaching out to some Wirecard clients to prepare them for the […]