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Wirecard AG, a technology enterprise, specializes in delivering outsourced and white-label electronic payment solutions to a global clientele. Its operations are structured into three principal segments: Payment Processing & Risk Management, Acquiring & Issuing, and Call Center & Communication Services. The Payment Processing & Risk Management division focuses on facilitating the acceptance and processing of electronic transactions, alongside managing associated operational procedures. The Acquiring & Issuing segment encompasses a broad range of services, including the settlement of credit…

A German court said on Friday that EY Germany cannot be held liable for damages in a lawsuit by former Wirecard shareholders over its allegedly flawed audits of the now-defunct payments group.

German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany's biggest corporate scandals.

A German regulator has reportedly concluded that EY's audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear investigation, the Financial Times (FT) reported Friday.

A German regulator has reportedly concluded that EY's audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said this in a review that was published Friday (April 19) and ended a multiyear investigation, the Financial Times (FT) reported Friday.

VIENNA (AP) — Austria faces its biggest espionage scandal in decades as the arrest of a former intelligence officer brings to light evidence of extensive Russian infiltration, lax official oversight and behavior worthy of a spy novel.