News Formal

Irish payments company identifies fraud that could cost parent €5.5m

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Brisbane-headquartered EML Payments agreed to buy Kildare-based Sentenial in a deal worth up to €110 million last year via IrishTimesBiz

. The deal included an upfront payment of €70 million, with an earn-out component of up to €40 million.

It said it was “taking steps to investigate and understand the circumstances” surrounding the fraud and has “commenced steps to recover any losses”. “EML has transitioned over the years from primarily a gift card company to a company with a diverse revenue base across multiple prepaid products,” said Tom Cregan, EML’s managing director and group chief executive.

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:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Company Watch: Kenmare profits riding high on buoyant mineral pricesThe Irish mining company said low production volumes in the first half of the year had been offset by record prices for titanium minerals, LorcanAllen reports.
Source: businessposthq - 🏆 8. / 71 Read more »