Recent content by mrpayments

TW is a special case as its an EMI (non-bank) that has managed to get indirect Target2 clearing via the National Bank of Belgium so it doesn't rely on a another Credit Institution for SWIFT for EUR. Will be great to see what they do with TIPS over the next few years.

Cyprus FI's are lucky in some respects as they have some rather unique attributes that go under utilised! e.g CY3790400001PUTYOURBRANDHERE CY7490400001OFFSHORECORPTALK

If they lose their license they will lose the criteria upon which the license with the card schemes is based. Under EBA The schemes are considered "Governance Authorities" and having a license (credit insto, bank, emi, pi) is a requisite for scheme membership. EMI's and PI's are subject to...

Markus (CEO) quit about 2 hours ago. Had about 7600 deposits from Wirecard Customers today.. Good old fashioned run on the bank.

BDO Unibank Inc., the Philippines’ largest bank by assets, and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client. “It was a rogue employee who falsified documents and forged the signatures of our officers,” BDO Unibank Chief Executive Officer...