, so such a decision would surely push payment stakeholders that need to keep accepting payments from the networks to seek out new processing partners. And it's possible the threat of Mastercard and Visa revoking Wirecard's processing capabilities will cause a mass exodus of Wirecard clients even before a decision is made, as firms may quickly rework their payment partnerships to avoid disruptions.
Wirecard's insolvency and scandal will surely scare firms away from it, giving processors the chance to boost their volume and potentially leading to a number of new partnership opportunities. Wirecard that its transaction volume totaled €124.2 billion in the first nine months of 2019, so a great deal of volume could be available as firms move away from working with Wirecard, provided these figures aren't inflated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Take a look inside Rihanna's summer Hamptons rental - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank you rihanna . And people tell others that they are privileged? That's at least two units for the homeless. jakejrh12 Is she Crazy?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Germany's beleaguered Wirecard to proceed with business after insolvencyWirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly.
Source: Reuters - 🏆 2. / 97 Read more »
Philippines investigates Wirecard's missing $2 billion - Financial Times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell the banks to release the money!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wirecard is 'beyond salvagable' analyst says, and rivals won't benefit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How $2 billion went 'missing' from German fintech company Wirecard - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This guy looks like a Bond villian.
Source: BusinessInsider - 🏆 729. / 51 Read more »