Tag: Wirecard

UK payment firms under money laundering scrutiny

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Last year’s dramatic collapse of German payments firm Wirecard was the biggest accounting scandal since the Enron failure, two decades earlier. But according to Transparency International, a non-governmental organisation fighting […]

No-refund complaints soar with Covid

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When the UK imposed its first coronavirus lockdown on 16 March, some consumers found they couldn’t get their money back for services they had paid for but were no longer […]

UK fractures EU fintech consensus

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In 2000 the European Union published its first electronic money directive—showing remarkable foresight about the potential future growth of digital payments. Europe’s early introduction of comprehensive rules for e-money has […]

Risks lurk in fintech sector

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Wirecard’s collapse raises questions about the future growth of the financial technology sector. Do no harm—the pre-paid card If you’re in search of financial products that harm consumers, you don’t […]

FCA ends light-touch e-money regulation

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The UK’s Financial Conduct Authority (FCA) has signalled an end to the light-touch regulation of payment and electronic money (e-money) firms, which have been at the forefront of the UK’s […]

Wirecard case raises e-money concerns

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The Wirecard collapse raises questions over the safety of funds kept by electronic money and payment services firms. Spot the difference On the face of it, there’s very little difference […]

FCA reverses Wirecard UK freeze

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The UK financial services regulator has reversed its Friday decision to suspend the activities of Wirecard Card Solutions Limited, an action which precipitated the freezing of up to 60 prepaid […]

Trade body warns of lasting fintech damage

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In an open letter to the UK’s Financial Conduct Authority (FCA), the UK’s Emerging Payments Association has warned of lasting damage to the UK’s financial technology sector as a result […]

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