ICYMI: Wirecard's insolvency and scandal will surely scare firms away from it, giving processors the chance to boost their volume
, 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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After Wirecard review, Singapore launches probe into Citadelle, Senjo GroupSingapore authorities said they launched an investigation into Citadelle Corporate Services, Senjo Group and its subsidiaries after scrutinising collapsed German payments firm Wirecard's local operations.
Read more »
Ferrari F8 Spider convertible: Business Insider review, photos - 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.
Read more »
Ex-Deliveroo exec Dan Warne on launching a food business amid COVID-19 - 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.
Read more »
What is a business credit score? - 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.
Read more »
How to face and overcome stressful situations, according to 9 women - 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.
Read more »
Travel ban lifted: Where English can visit with no coronavirus quarantine - 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.
Read more »