Wirecard issues and Payoneer

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Comments

  • kbteam_cv
    kbteam_cv Member Posts: 4
    > @webdeveloper said:
    > I was able to get my money from ATM at 2:00 AM EET in Privatbank ATM Ukraine.

    30 min ago, Privatbank ATM
    Withdrawal totally about $1800 in 3 transactions. Next transaction was unsuccessful.
    Tried other payoneer EUR card- Technical issue. Transaction cancelled
  • Meiji
    Meiji Member Posts: 22 ✭✭

    @bluelagoon said:
    Hey, created an account just to address payoneer that I personally and probably many other people need a way to keep using our cards, at least for now. The money on my virtual balance does nothing for me as i cannot pay my bills or purchase food as I have no way to withdraw my funds from a bank.

    I want to add that many of us use the card to pay online. If they transfer their balance to their bank accounts, they won't be able to pay online as those banks/countries do not allow that.

    Payoneer needs to find a solution swiftly to allow folks to load their cards.

  • timo123
    timo123 Member Posts: 11 ✭✭

    It seems you can only pay/withdraw from your existing Payoneer card, not reload it. That means when the card balance hits zero, your card will become useless for future use and have to wait for a new card to be issued.

  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    @kbteam_cv said:

    @webdeveloper said:
    I was able to get my money from ATM at 2:00 AM EET in Privatbank ATM Ukraine.

    30 min ago, Privatbank ATM
    Withdrawal totally about $1800 in 3 transactions. Next transaction was unsuccessful.
    Tried other payoneer EUR card- Technical issue. Transaction cancelled

    did you use your bank balance or you had balance on card already?

  • ldenisov
    ldenisov Member Posts: 6
    Thanks to Payoneer !!! I was able to take some cash from cards today. Now all safe. About the new cards - I will be looking forward to get new cards as soon as they are available. FYI: In a usual usual grocery in Spain the cards were declined . Thanks to encouraging CEO speech! Heads up.
  • Eldachos
    Eldachos Member Posts: 1
    If @Trinity and @badbadger are not Payoneers good-bad cop duo they should be officially engaged as one :) This dynamic duo brings drama and action into a daily dose of "and now something completely different" Wirecard related news.
  • Imnotarobot
    Imnotarobot Member Posts: 22 ✭✭

    @Eldachos said:
    If @Trinity and @badbadger are not Payoneers good-bad cop duo they should be officially engaged as one :) This dynamic duo brings drama and action into a daily dose of "and now something completely different" Wirecard related news.

    Don't wake an ancient evil :D I'm already tired of them

  • b345
    b345 Member Posts: 19 ✭✭

    If you want to continue receiving funds to your Payoneer card and not wait and undetermined period of time until they find a new card issuer, please address this issue on Payoneer's Twitter account. They seem to be more active there. The more people post, the more pressure we put on Payoneer to restore the full functionality of our cards.

    https://twitter.com/payoneer

  • Leonid_Payoneer
    Leonid_Payoneer Administrator Posts: 541 ✭✭✭

    @b345 said:
    If you want to continue receiving funds to your Payoneer card and not wait and undetermined period of time until they find a new card issuer, please address this issue on Payoneer's Twitter account. They seem to be more active there. The more people post, the more pressure we put on Payoneer to restore the full functionality of our cards.

    https://twitter.com/payoneer

    Hi,

    This message was already passed to Payoneer's management. And we know very well that Payoneer Preapaid Card is an essential product for lots of customers.
    Being said that, we are moving away from Wirecard and we need to continue this process.
    Considering the number of our customers who is still using a card issued by WCSL, we can't present a new issuer overnight, but it's our priority now.

  • abdelrahmanm
    abdelrahmanm Member Posts: 87 ✭✭

    @Leonid_Payoneer said:

    @b345 said:
    If you want to continue receiving funds to your Payoneer card and not wait and undetermined period of time until they find a new card issuer, please address this issue on Payoneer's Twitter account. They seem to be more active there. The more people post, the more pressure we put on Payoneer to restore the full functionality of our cards.

    https://twitter.com/payoneer

    Hi,

    This message was already passed to Payoneer's management. And we know very well that Payoneer Preapaid Card is an essential product for lots of customers.
    Being said that, we are moving away from Wirecard and we need to continue this process.
    Considering the number of our customers who is still using a card issued by WCSL, we can't present a new issuer overnight, but it's our priority now.

    Thanks for your response Leonid. I have a lot of questions of what comes next, but mainly why isn't it at all possible to maintain the old cards functional, while the system migrates to a new issuer, the same way Curve has done it.

  • vino97
    vino97 Member Posts: 15 ✭✭

    @Leonid_Payoneer said:
    Hi,

    This message was already passed to Payoneer's management. And we know very well that Payoneer Preapaid Card is an essential product for lots of customers.
    Being said that, we are moving away from Wirecard and we need to continue this process.
    Considering the number of our customers who is still using a card issued by WCSL, we can't present a new issuer overnight, but it's our priority now.

    Thank you @Leonid_Payoneer for your answer. It mean a lot and we hope that it will be well done.

    I would also like to propose to Payoneer, if it's technically possible, to allow users to decide how much money will be available on their card from their virtual balance, rather than sending it directly to them as is currently the case. Both for current and future cards. I think it would be very interesting, if it is really feasible of course.

  • b345
    b345 Member Posts: 19 ✭✭

    Thank you, @Leonid_Payoneer for your response and from presenting this matter to management.
    We are all eagerly waiting for a positive response as soon as possible that will allow us to continue receiving payments to our card while you look for another issuer.

  • akd23
    akd23 Member Posts: 3
    > @akd23 said:
    > Hey guys.
    > My Mastercard expired yesterday 06/20
    > I got a new one this week. I have yet to activate it.
    > Should I do so? Or what Im supposed to do?


    Anyone? Tried to contact Payoneer’s customer support over Twitter and they did t answer.
  • b345
    b345 Member Posts: 19 ✭✭

    @akd23 There is no harm in activating the card. If you have funds on the card received before the Wirecard freeze, you should be able to use them.

  • Ackaro
    Ackaro Member Posts: 2
    Why is Payoneer moving away from Wirecard?
    Shouldn't it be more safe now that is being monitored by the FCA?
  • gustavo_balvanera
    gustavo_balvanera Member Posts: 5
    > @Eldachos said:
    > If @Trinity and @badbadger are not Payoneers good-bad cop duo they should be officially engaged as one :) This dynamic duo brings drama and action into a daily dose of "and now something completely different" Wirecard related news.

    LOLOL This comment made my day 🤣🤣🤣
  • Meiji
    Meiji Member Posts: 22 ✭✭

    It seems things are again moving. Thanks to those who continue to put pressure by raising their concerns and to Payoneer for listening to user feedback.

    Folks, if you have tried it, let us know if you were successful or unsuccessful.


    Good news! You're now able to withdraw the funds on your card to your local bank account, make payments and manage currencies.

    https://blog.payoneer.com/home-page/wirecard-in-the-news-update-regarding-wirecard-and-your-prepaid-card/

    Furthermore, while new funds will continue to be received to your Payoneer currency balance, we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options.
    ...
    We will start rolling out this transition later today. We will notify you the moment you have it available.

  • Horma1987
    Horma1987 Member Posts: 6
    I understand from this new update it can be use the card for future payments?
  • Imnotarobot
    Imnotarobot Member Posts: 22 ✭✭

    @Horma1987 said:
    I understand from this new update it can be use the card for future payments?

    It's true

  • b345
    b345 Member Posts: 19 ✭✭

    From the latest blog post update: "Furthermore, while new funds will continue to be received to your Payoneer currency balance, we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options."

    Does this mean we will receive new payments to the card?

  • bubaduba
    bubaduba Member Posts: 21 ✭✭
    Thanks @Leonid_Payoneer !
    Are you still moving away from Wirecard regardless and finding new card issuer options so we don't have this kind of issues in future?
  • emilmatei_ro
    emilmatei_ro Member Posts: 28 ✭✭

    Thanks, @Leonid_Payoneer!

  • b345
    b345 Member Posts: 19 ✭✭

    @Leonid_Payoneer said:

    @b345 said:
    From the latest blog post update: "Furthermore, while new funds will continue to be received to your Payoneer currency balance, we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options."

    Does this mean we will receive new payments to the card?

    It's an appropriate time to post an update.

    Indeed, we are planning to let your funds to be loaded to the card again soon.
    We are doing this in stages and will notify you when it takes effect for your account, so please make sure to keep an eye out for an e-mail from Payoneer with information.

    Thank you, @Leonid_Payoneer. We are eagerly waiting for this to happen and we all appreciate that Payoneer is listening to it's customers and their needs, especially during times like these.

  • virginiana
    virginiana Member Posts: 0
    Hello,
    Yesterday I tried to withdraw money twice via ATM from my Payoneer card because the update stated that we would be able to use the card again but I could not withdraw any money! Moreover, I was charged 2 USD for transaction fees although Payoneer stated that fees will be waived until July 6th! This is NOT acceptable!
  • Leonid_Payoneer
    Leonid_Payoneer Administrator Posts: 541 ✭✭✭

    @bubaduba said:
    Thanks @Leonid_Payoneer !
    Are you still moving away from Wirecard regardless and finding new card issuer options so we don't have this kind of issues in future?

    Of course, as I wrote above, we will continue looking for an alternative,
    We will not compromise on security if our customers' funds.

    At this point of time, we decided to continue with Wirecard to provide our valued customer with a service necessary to run their business.

  • abdelrahmanm
    abdelrahmanm Member Posts: 87 ✭✭

    @Leonid_Payoneer said:

    @bubaduba said:
    Thanks @Leonid_Payoneer !
    Are you still moving away from Wirecard regardless and finding new card issuer options so we don't have this kind of issues in future?

    Of course, as I wrote above, we will continue looking for an alternative,
    We will not compromise on security if our customers' funds.

    At this point of time, we decided to continue with Wirecard to provide our valued customer with a service necessary to run their business.

    I hope this means the cards will not be deactivated in the future as the transition happens.

  • mrgoldeneye
    mrgoldeneye Member Posts: 5
    > @b345 said:
    > > @Leonid_Payoneer said:
    > > > @b345 said:
    > > > From the latest blog post update: "Furthermore, while new funds will continue to be received to your Payoneer currency balance, **we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options.**"
    > > >
    > > > Does this mean we will receive new payments to the card?
    > >
    > > It's an appropriate time to post an update.
    > >
    > > Indeed, we are planning to let your funds to be loaded to the card again soon.
    > > We are doing this in stages and will notify you when it takes effect for your account, so please make sure to keep an eye out for an e-mail from Payoneer with information.
    > >
    > >
    > >
    > >
    >
    > Thank you, @Leonid_Payoneer. We are eagerly waiting for this to happen and we all appreciate that Payoneer is listening to it's customers and their needs, especially during times like these.

    Thanks @Leonid_Payoneer , looking forward to use my old cards in the meantime
  • bluelagoon
    bluelagoon Member Posts: 4
    Is it official that our cards are going to be valid? Asking this because a client is waiting for my approval to send me funds to my card, but if those funds stay on my virtual card then i have no use, appreciate if anyone can answer me
  • MohMort
    MohMort Member Posts: 24 ✭✭
    edited July 2020

    @bluelagoon Same here, so far no, don't give them the greenlight to send you money to Payoneer, until they officially announce that cards are loadable again.
    The current official statement is we 'will', so I won't risk it, and I would have my funds sent through another service until then.

  • dpx
    dpx Member Posts: 21 ✭✭
    edited July 2020

    @bluelagoon said:
    Is it official that our cards are going to be valid? Asking this because a client is waiting for my approval to send me funds to my card, but if those funds stay on my virtual card then i have no use, appreciate if anyone can answer me

    I just received email from Payoneer, everything is getting back to normal in a best possible way.

    "Furthermore, while new funds will continue to be received to your Payoneer currency balance, we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options. The FCA has confirmed that all cardholder funds are held in full in safeguarded trust accounts and we stand behind our statement that your funds are 100% safe. We will notify you the moment this becomes available"

    I also like the idea of wirecard UK not being punished because it seems they did nothing wrong.

    Of course huge thanks to Payoneer for navigating this possible mess with style.

  • MohMort
    MohMort Member Posts: 24 ✭✭

    @dpx That's just PR words, everything is not back to normal

    In the statement you quoted, they say "we’re gradually transitioning to delivering funds to your prepaid card, giving you the full set of card usage options" which means (in their own words) everything is not yet back to normal.

    "We will notify you the moment this becomes available", you're being thankful too soon, imo.

  • dpx
    dpx Member Posts: 21 ✭✭

    @MohMort
    Unless you need funds on your card immediately, this is as close to 'back to normal' for me as possible. I was (briefly) only worried that money can vanish, after Payoneer promised to guarantee for any sudden losses I am fully confident they will refill cards as soon as possible. Remember they promised to enable other card functionality next Monday and they did it today (I am not fully informed what it does since I don't use other functionality). Issuing new cards would be a drag, that would slow down reaching own money, so I see this as best possible outcome. If they decide to switch cards in the future also fine but this is fastest possible way to get money.

    Also, I said it before, for a brief moment I thought that I lost 5k pounds on card and possibly 5.5k pounds outside of the card, so all fine by me after I learned I didn't lost them...

  • MohMort
    MohMort Member Posts: 24 ✭✭

    "Unless you need funds on your card immediately", well I do but my client can't send me funds because they're useless as I can't load them on card which is what (normal) was to me.
    And Payoneer is a service I used because I don't have a local bank account and this now nullifies its point to me and many other users.

  • badbadger
    badbadger Member Posts: 30 ✭✭

    Just came to thank Payoneer for not letting us starve :)

  • dpx
    dpx Member Posts: 21 ✭✭

    @MohMort I don't speak for Payoneer and I have no other info than what we all have but, knowing this guys for 12+ years, I expect loading to start working in next couple of days.

  • Trinity
    Trinity Member Posts: 62 ✭✭

    I think a lot of people on here should feel really ashamed of the way they acted (@badbadger, @DPX, @mohmort @Meiji @Silvaro @abdelrahmanm @moisespujadas @Canyones @chalex1980 @unstopabl3). Entitled children with no idea as to the services they signed up for or the massive and unexpected complications caused by the FCA move. Just as I said. Patience and it would all be sorted.

    6 days to resolution, 2 of which were non-banking days and at a time when most companies and government agencies are severely restricted from staff due to the pandemic.

    Props to those with cooler heads @basketball16 @VegaAm @FoxtrotDelta @nisangha and of course thanks to @leonid_payoneer for the updates on the forum.

    A huge congratulations to the team at Payoneer that worked and continue working on this for us behind the scenes. Despite some of the posts here there are a lot of us who are very grateful of the way you conducted yourself and will be continued happy customers for years to come.

  • emilmatei_ro
    emilmatei_ro Member Posts: 28 ✭✭

    I have received the "new funds will be transferred to prepaid card" mail, tomorrow I expect to receive something and I'll keep you guys posted.

  • Meiji
    Meiji Member Posts: 22 ✭✭

    @Trinity said:
    I think a lot of people on here should feel really ashamed of the way they acted ( ... @Meiji

    You tagged me! How charming of you.

    It seems you took issue with some users. I do not have any personal issues with you. You made some posts I didn't like, it wasn't anything more than that.

  • MohMort
    MohMort Member Posts: 24 ✭✭

    @Trinity sup keyboard warrior? I am not entitled, as far as I can tell, I pay for these services, and the official replies were too slow, too few, and I think the forum manager's job is managing the forum so he can't have been busy working with the FCA, and I think people pressing up on the issue here and on customer support helped move the process faster.

    You however, defending and bitching for the company by copy pasting the blog posts, does not count for an official support (or are you?), which is why you're mad people were ignoring you and still filing complaints.

    You're a toxic delusional, self-important kid.

  • basketball16
    basketball16 Member Posts: 5
    @MohMort I see little point in pushing this conversation onwards, however if you've got some spare time, please go through this entire thread and try to pick up on the tonality of individuals and the direction that the conversation had headed in. The general toxicity that started surfacing was getting out of hand pretty rapidly.

    You are absolutely right in saying that the official replies were slow, which is exactly why @Trinity decided to try and help out by merely clarify the situation and shedding some light on the topic. That was his sole intention. I can see how you'd mistake him for an elitist prick but to me the guy looks anything but.

    Either way, whatever, the little mishap with Wirecard ended with a positive epilogue, let's clear our heads and move on. Hope you're all having a great day!
  • abdelrahmanm
    abdelrahmanm Member Posts: 87 ✭✭
    edited July 2020

    @Trinity said:
    I think a lot of people on here should feel really ashamed of the way they acted (@badbadger, @DPX, @mohmort @Meiji @Silvaro @abdelrahmanm @moisespujadas @Canyones @chalex1980 @unstopabl3). Entitled children with no idea as to the services they signed up for or the massive and unexpected complications caused by the FCA move. Just as I said. Patience and it would all be sorted.

    6 days to resolution, 2 of which were non-banking days and at a time when most companies and government agencies are severely restricted from staff due to the pandemic.

    Props to those with cooler heads @basketball16 @VegaAm @FoxtrotDelta @nisangha and of course thanks to @leonid_payoneer for the updates on the forum.

    A huge congratulations to the team at Payoneer that worked and continue working on this for us behind the scenes. Despite some of the posts here there are a lot of us who are very grateful of the way you conducted yourself and will be continued happy customers for years to come.

    Have a great day everybody.

  • bluelagoon
    bluelagoon Member Posts: 4
    Hey guys, i requested a payment on payoneer and it just shows as cancelled, anyone experienced this issue?
  • kbteam_cv
    kbteam_cv Member Posts: 4
    Meanwhile, its July 3rd, and despite all positive emails from Payoneer i still can't get my funds out of Payoneer card. Has anyone been successful today?
  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    @kbteam_cv said:
    Meanwhile, its July 3rd, and despite all positive emails from Payoneer i still can't get my funds out of Payoneer card. Has anyone been successful today?

    relevant thread about it here:

    https://community.payoneer.com/en/discussion/68184/allow-us-to-continue-receiving-payments-via-the-card-until-a-new-one-is-activated#latest

  • emilmatei_ro
    emilmatei_ro Member Posts: 28 ✭✭

    My money got on the card, I get the "bank rejected" message, cannot withdraw them at ATM or pay online.

  • emilmatei_ro
    emilmatei_ro Member Posts: 28 ✭✭

    Worked to use the card for smaller amounts, $30, $30, $120, but for online payment, not ATM yet. If I have news I'll post an update

  • emilmatei_ro
    emilmatei_ro Member Posts: 28 ✭✭

    Looks like for $200/day it works, more updates on this thread: https://community.payoneer.com/en/discussion/comment/184491/#Comment_184491

  • hongzhawo
    hongzhawo Member Posts: 11 ✭✭

    @Leonid_Payoneer Hope you keep both card issuers active once the new issuer comes, so at least users don't have to depend on only 1 card in case it fails.

  • Trinity
    Trinity Member Posts: 62 ✭✭

    @hongzhawo said:
    @Leonid_Payoneer Hope you keep both card issuers active once the new issuer comes, so at least users don't have to depend on only 1 card in case it fails.

    Thats not how it worls

  • bluelagoon
    bluelagoon Member Posts: 4
    Any news guys?
  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    @bluelagoon said:
    Any news guys?

    The thread dedicated to the card issue is here, we would like @Leonid_Payoneer to respond please

  • Leonid_Payoneer
    Leonid_Payoneer Administrator Posts: 541 ✭✭✭

    @hongzhawo said:
    @Leonid_Payoneer Hope you keep both card issuers active once the new issuer comes, so at least users don't have to depend on only 1 card in case it fails.

    The situation is developing extremely fast, so I would not make any promises.
    We did such kind of change before, so if there will be an option to keep your current card active until the replacement will arrive, this is the only appropriate way to do this.

  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    @Leonid_Payoneer said:

    @hongzhawo said:
    @Leonid_Payoneer Hope you keep both card issuers active once the new issuer comes, so at least users don't have to depend on only 1 card in case it fails.

    The situation is developing extremely fast, so I would not make any promises.
    We did such kind of change before, so if there will be an option to keep your current card active until the replacement will arrive, this is the only appropriate way to do this.

    @Leonid_Payoneer

    Why are some people having money loaded on their cards but others are not?

    When will the money be loaded onto card ? Did you hear anything?

  • ThatGuy
    ThatGuy Member Posts: 4
    edited July 2020
    > @Leonid_Payoneer said:
    > (Quote)
    > The situation is developing extremely fast, so I would not make any promises.
    > We did such kind of change before, so if there will be an option to keep your current card active until the replacement will arrive, this is the only appropriate way to do this.

    Okay now this is getting out of hand. I have been patient for ages hoping the issue will be dealt with.

    Tell me what is happening that others can have their cards loaded while others, like myself, have to wait almost a week after others got their card load. What is happening that I should wait for days? I thought it would be a day's difference but no... it has to be forever.

    CAN YOU AT LEAST PLEASE KINDLY UPDATE US AND GIVE US A TIME FRAME? LIKE WHEN DO YOU EXPECT THIS TO BE OVER?

    It really sucks to be me right now.
  • vino97
    vino97 Member Posts: 15 ✭✭

    An update for you

    Rest assured that Payoneer is doing everything possible to get their services back up and running. They've been listening us.

    If you don't already notice it on your Payoneer account, in the Payoneer card section, we can now manage the transfer of funds from Payoneer virtual balance to our card. Here is some explainations about that feature (from my profile).

    Take control of your top-up settings
    You can now turn card top-up on or off to suit your needs and those of your business.
    What is card top-up? When we top up your Payoneer card, we automatically make funds from your balance available for use with the card, at ATMs or for purchases online/in-store. Each time top-up occurs, your card is topped up to its allowed limit.
    Need to access your funds at ATMs and for purchases online/in-store? Turn card top-up on.
    Happy to keep all funds in your Payoneer balance for withdrawals and payments? Turn card top-up off.

    You can change top-up setting for your cards below.

    It defaults to OFF, which is maybe why some of us don't see their new funds being loaded to their card.

    Here are other news find on Twitter :smile:

    "Hi. Payoneer has enabled all activities. Due to the sudden increase in demand, the banks and financial system has imposed some limits within specific countries."

    Also, be aware that each of us uses Payoneer in a different way, and therefore have different problems.

    Hope that this little update will help some of you.

  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    Yeh settings > payoneer cards

    Issue got resolved

  • bubaduba
    bubaduba Member Posts: 21 ✭✭

    @nobodycaresaboutus did you card balance update? I turned TOP UP ON but my card balance is not being loaded still.

  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    Well done payoner, but afrer enabling this future it does not show balance on card still. Kind of worrying but intntion is their

  • nobodycaresaboutus
    nobodycaresaboutus Member Posts: 69 ✭✭

    It does say "Top up starts when cards is activated", kind of worry does that mean after getting new card and activated, thats when cards are loaded?

  • AnnaAgfoto
    AnnaAgfoto Member Posts: 6
    edited July 2020
    UPD funds from balance loaded to card. all is well ))) Thanks Payoneer xxx

    Strange.. My usd card has default 'ON' (top up enabled green) when I checked Settings. Thanks to the poster who pointed out to this new section ) But funds aren't loaded from the balance to the card yet. Gonna wait till morning. Anyway, thanks Payoneer for being fly on the wall :)
  • Kiwi990
    Kiwi990 Member Posts: 2
    edited July 2020
    Hi there,
    If we choose to receive funds to Payoneer's virtual balance, can we later transfer them to the cards? Ideally, I'd like to keep a low balance on my cards and transfer money from the virtual balance as I need it.
    Thanks!
  • ldenisov
    ldenisov Member Posts: 6
    Team hello , can we continue to receive payments in EUROs to the EURO accounts? They are under Wirecard AG ???!!! Is it ok?
  • hongzhawo
    hongzhawo Member Posts: 11 ✭✭

    Here are some news links regarding Wirecard in case anyone thinks it's all over, because it isn't yet:

    https://finance.yahoo.com/news/prosecutors-now-suspect-wirecard-execs-140442859.html
    https://finance.yahoo.com/news/wirecard-merkel-office-had-regular-113307432.html
    https://finance.yahoo.com/news/wirecard-hires-alix-partners-forensic-153852369.html
    https://www.wsj.com/articles/merkel-lobbied-for-wirecard-despite-german-probe-11595423285
    https://www.pymnts.com/news/security-and-risk/2020/wirecard-auditor-flagged-kpmg-report-saying-it-needed-context/
    https://www.pymnts.com/loans/2020/eu-banks-face-massive-losses-on-exiting-wirecard-loans/
    https://www.pymnts.com/news/security-and-risk/2020/wirecard-exec-admits-role-german-company-collapse-attorney-says/
    https://www.pymnts.com/news/security-and-risk/2020/bafin-downplayed-wirecard-complaints-report-says/
    https://www.pymnts.com/news/security-and-risk/2020/bafin-deepens-investigation-into-potential-wirecard-insider-trading/
    https://www.pymnts.com/legal/2020/london-judge-dismisses-fraud-case-against-wirecard/
    https://www.pymnts.com/news/regulation/2020/eu-to-examine-german-regulators-oversight-of-wirecard/
    https://www.pymnts.com/news/security-and-risk/2020/report-some-wirecard-partnerships-may-be-a-hoax/
    https://www.pymnts.com/news/security-and-risk/2020/wirecard-probe-pushes-german-government-release-talks-with-ceo/
    https://www.pymnts.com/news/regulation/2020/uk-tightens-rules-on-payments-firms-in-wake-of-wirecard-debacle/
    https://www.pymnts.com/news/2020/irish-police-raid-wirecards-dublin-offices/
    https://finance.yahoo.com/news/wanted-wirecard-exec-said-sheltered-081056313.html
    https://www.reuters.com/article/us-wirecard-accounts-idUSKCN24H35T

  • hongzhawo
    hongzhawo Member Posts: 11 ✭✭

    @Leonid_Payoneer Can you update us on the ETA of the new card issuer & new SEPA bank?

  • bubaduba
    bubaduba Member Posts: 21 ✭✭

    We need a new card issuer also because Brexit is happening soon. Wirecard UK won't be able to continue operating in the EU and Wirecard AG is going bankrupt.

  • hongzhawo
    hongzhawo Member Posts: 11 ✭✭

    https://www.businessinsider.com/wirecard-why-russia-might-be-hiding-jan-marsalek-2020-7

    Wirecard: Why would Russia hide a fugitive fintech exec from EU investigators?

    Mitch Prothero 6 hours ago

    Former Wirecard COO Jan Marsalek disappeared in late June after a $2 billion hole was found in the German company's accounts. Sources tell Insider they believe he is in hiding in Russia.
    But why would Russian security agencies help with the escape of a fugitive fintech executive?
    "There's a million reasons [for the Russians] to get involved with Wirecard," a Dutch official told Insider. "Russian officials always need to move money to the West, and Wirecard was raising lots of money but not as much as they told investors.
    "Russian government and intelligence services expect financial favors by way of support for off-the-books intelligence operations by their favored businessmen," a Central European counterintelligence official told Insider.
    Visit Business Insider's homepage for more stories.
    European Union investigators and prosecutors have arrested three former top executives from the German financial firm Wirecard, which spectacularly collapsed last month after a $2 billion hole was found in its accounts by outside auditors. They continue to seek former chief operating officer Jan Marsalek for questioning, although law enforcement officials are worried that he may have fled to Russia in late June. 


    Former CEO Markus Braun and two other executives were rearrested on Wednesday by German police. Investigators believe that Wirecard — a rising star in European Union online financial circles — had been fraudulently misrepresenting its assets to investors on a systematic basis.

    After outside auditors discovered in late June that two accounts that were supposed to be holding $1.9 billion did not exist, Wirecard quickly collapsed. More than $3.2 billion in loans from European and Japanese banks is expected to be lost by investors. Within days of being fired, Braun and other executives were detained for questioning, but Marsalek fled Germany. Security sources told Insider he is most likely in Russia.


    He knew the recipe for novichok
    Marsalek appears to have substantial ties to Russian intelligence, European law enforcement officials told Insider, who cited his public bragging of trips to Syria in the company of Russian military contractors, about 60 trips to Russia over a 10-year period on six Austrian and three other unidentified "diplomatic" passports, as well as links to various Austrian right-wing politicians and political parties themselves linked to Russia politically and economically.

    Marsalek also once bragged to colleagues that he knew the recipe for Novichok, showing the documents containing the "recipe" for the chemical used to poison ex-Russian agent Sergei Skripal and his daughter in Salisbury, England, in 2018, according to the Financial Times.

    "We believe he is in Russia," a Dutch law enforcement official told Insider. "That he could so easily evade the German warrants, and cross into Russia from Belarus, certainly indicates official cooperation with Russian intelligence."


    When asked what Russian intelligence would gain from involvement with a German online finance company, two EU law enforcement officials gave nearly identical accounts of a nexus between criminal activity and Russian intelligence and political operations.


    'Russian officials always need to move money to the West, and Wirecard was raising lots of money but not as much as they told investors'
    "There's a million reasons to get involved with Wirecard," said the Dutch official. "Russian officials always need to move money to the West, and Wirecard was raising lots of money but not as much as they told investors. So there's strong indications of both money laundering as well as fraud."


    "So now the Russians have access to money sloshing around in Europe, Germany in Wirecard, and even Braun and Marsalek themselves in Austria," the official adds, pointing to an Austrian criminal investigation into both men filed as the company collapsed. 


    "It's well understood that the Russian government and intelligence services expect financial favors by way of support for off-the-books intelligence operations by their favored businessmen," said a Central European counterintelligence official who cannot be named because of close ties between their government and Russia. 


    "Austrian prosecutors will be investigating if Wirecard or these executives were funneling Russian support by way of cash to political figures," the official said. "Or I hope they do, as this has been an allegation raised in the past."


    In 2019, prosecutors began an investigation into the use of Austrian banks in Russian money laundering that threatened to drag in members of the political elite.

    And in March, 2019 the government of Sebastian Kurtz was forced to resign after allegations that officials from their junior coalition partner, the far-right Freedom Party, had engaged in unethical dealings with Russian nationals.


    https://www.wsj.com/articles/wirecard-probe-in-philippines-focuses-on-two-bankers-who-may-have-forged-documents-11595501058

    Wirecard Probe in Philippines Focuses on Two Bankers Who May Have Forged Documents
    Philippine money-laundering investigators have identified more than 50 people and entities of interest in the Wirecard case

    Philippine investigators say they have identified dozens of people and entities of interest in their probe into Wirecard AG, and are focusing on two bank employees who may have facilitated a multinational accounting scandal at the insolvent German payments company.

    Wirecard had claimed some $2.1 billion in cash on its balance sheet had been transferred to accounts at two Philippine banks. Both banks—Banco de Oro and Bank of the Philippine Islands—denied the accounts existed, and officials say the money never entered the country’s...