Hacker News new | past | comments | ask | show | jobs | submit login
Requirements have been imposed on Wirecard’s authorisation (fca.org.uk)
12 points by toomuchtodo on June 26, 2020 | hide | past | favorite | 4 comments



Dozens is also affected (besides the others mentioned in this thread)

Though they seem to at least have a plan:

”In addition, unlike some of the other fintechs who are affected by this crisis, we also have a primary membership with Visa that lets us connect to their network directly, without an intermediary. We had planned to transfer over to our own Visa cards in Q4 2020, but will now look to expedite this together with Visa and our other partners.”


Curve is also affected.

> Your Curve card and all associated Curve transaction and money transfer services will be temporarily suspended with immediate effect. Please be assured, we expect to be up and running again shortly but it may take a few days. Your money and card details held at Curve are safe and secure.


TLDR UK regulator (FCA) tells Wirecard to stop all transactions and to freeze customer's accounts


Just got the following from one of my cards:

Dear boon.User We regret to inform you that your boon.Card and all associated transactions, including peer to peer money transfers are temporarily suspended. We expect it to be up and running again, but it may take some time. This has happened because Wirecard Card Solutions Limited (WDCS) has temporarily suspended its electronic money issuing, card issuing and acquiring business. The suspension has been put in place following the imposition of requirements on WDCS by the Financial Conduct Authority (FCA). Further details of the requirements imposed can be found on the FCA Register. WDCS is working hard to have the steps in place which will enable the suspension to be lifted so the business can resume as usual. We will inform you again as soon we have more information.

Regarding the money in your boon.Accounts, it is held in secure accounts at regulated credit institutions in the EEA, designated as customer funds and secured by law. We will keep you updated. For now, please carry a backup card.

Best Regards, Your boon.Team :-(




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: