Tag: Payment transactions
Wirecard short-term boss supports charges
Wirecard According to the indictment, some people are said to have falsified Wirecard’s balance sheets since 2015 and damaged lending banks by 3.1 billion euros. (Photo: Reuters) Munich In the…
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
European banks want to start their own payment service in 2024
Frankfurt A total of 16 European financial service providers, including Deutsche Bank and the savings banks, want to start a new European payment system at the beginning of next year.…
Checking account stuck in the niche – Big competition
Klarna app The payment service provider Klarna recently launched a price comparison service for online shopping in Germany. Klarna is one of the big payment companies, but the current account…
Apple attacks banks and fintechs with savings accounts
Apple logo in New York The savings account is an additional offer for customers who already have an Apple credit card. (Photo: Reuters) Frankfort, New York Apple stirs up the…
Wirecard board torpedoed special test – “There were several attempts to influence us”
Markus Brown The former Wirecard board member tried to change the report of the special test until the very end. (Photo: dpa) Munich According to the auditor KPMG, the former…
Interior ministers are threatening banks with binding protective regulations
Berlin, Frankfort In view of the recent sharp increase in the number of ATM blasts, the federal and state governments are considering imposing increased protective measures by law on banks…
How card payments could help Greece reduce debt
ATM in Athens Cash is losing popularity in Greece. (Photo: AFP/Getty Images) Athens From shopping in the supermarket to a new fridge or television to a piece of property –…
Financial guru collects 13 million euros – and can more than double the valuation
Finance guru founders and co-heads Alexander and Benjamin Michel Financial guru has received fresh capital from investors. (Photo: finance guru) Frankfurt Financial guru receives fresh capital: The Frankfurt fintech has…
What the auditors need to change now
EY office building: For the company, the penalty of the auditor oversight is another damage to the image. (Photo: dpa) Dusseldorf There have never been such severe sanctions from the…
EY is not allowed to take on audit mandates at stock exchange groups
EY office in Berlin The decision of the auditor oversight Apas to EY is considered a milestone in the processing of the Wirecard scandal. (Photo: dpa) Dusseldorf, Berlin In connection…
What the banking crisis teaches about the digital euro
Euro symbol in front of the old ECB headquarters The European Central Bank is considering introducing a digital euro. (Photo: IMAGO/Ralph Peters) Imagine we have a global banking crisis and…
Some savings banks have branches guarded
Blow up an ATM The Frankfurt savings banks have started deploying security personnel in their branches at night. (Photo: IMAGO/snowfieldphotography) Frankfurt, Mainz In the face of increasingly brutal demolitions of…
Some savings banks have branches guarded
Blow up an ATM The Frankfurt savings banks have started deploying security personnel in their branches at night. (Photo: IMAGO/snowfieldphotography) Frankfurt, Mainz In the face of increasingly brutal demolitions of…
First insurance from Wirecard managers announces the end of payments
Markus Brown So far, manager liability insurance has had to pay the highest sums for the lawyers of the long-standing Wirecard boss. (Photo: dpa) Cologne A three-liner by the US…
Accused as prosecutor – ex-Wirecard boss Braun ends testimony
Ex-Wirecard boss Markus Braun Wirecard collapsed because 1.9 billion euros allegedly booked in trust accounts in Southeast Asia could not be found. (Photo: AFP/Getty Images) Munich The first stage of…
Test case against EY over Wirecard bankruptcy begins
Frankfurt Damaged Wirecard shareholders are now taking on the auditor EY. On Monday, the Bavarian Supreme Regional Court (BayObLG) in Munich appointed the private investor Kurt Ebert as model plaintiff…
Ex-boss Markus Braun does not want to have known anything
Dusseldorf Markus Braun once lived in luxury, today he lives in a nine square meter cell in the Munich-Stadelheim correctional facility. His company Wirecard is bankrupt and Braun is accused…
Current account: Passwords should become more complicated
Frankfurt The Volks- und Raiffeisenbanken want some of their customers to make their own passwords for online banking more secure. The corresponding online banking PIN should be as long and…
Why ATM blasters have an easy time at German banks
Dusseldorf 50,000 euros in a few minutes – that’s how much loot criminals make on average by blowing up ATMs in Germany. The perpetrators stole almost 20 million euros with…