BaFin

Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
July 02, 2020  |  News

In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced business payments for...

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

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BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
July 01, 2020  |  Security & Fraud

The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Get the Full...

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Source: German Regulators Failed To Take Action On Wirecard Red Flags
Source: German Regulators Failed To Take Action On Wirecard Red Flags
June 29, 2020  |  Bank Regulation

Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but...

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Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
June 28, 2020  |  Bank Regulation

As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial...

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European Union To Investigate German Regulator Over Wirecard
European Union To Investigate German Regulator Over Wirecard
June 26, 2020  |  Security & Fraud

The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Get the Full Story Complete the form...

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Bitcoin Daily: Germany Stops Crypto ATM Company; Sweden Asks Ukraine To Act In Crypto Fraud Case
Bitcoin Daily: Germany Stops Crypto ATM Company; Sweden Asks Ukraine To Act In Crypto Fraud...
March 04, 2020  |  Bitcoin

The financial watchdog of Germany has put a stop to the operations of a firm that lets consumers use ATMs to purchase as well as...

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Authorities Demand Accounting Details From Germany’s Wirecard 
Authorities Demand Accounting Details From Germany’s Wirecard 
October 17, 2019  |  Security & Fraud

After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices,...

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How Merchants Can Brace For SCA’s Looming Deadline
How Merchants Can Brace For SCA’s Looming Deadline
September 12, 2019  |  Regulation

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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