You may have heard about payment processor Wirecard in the news recently. The Financial Times revealed dodgy transactions and a massive €1.9bn of cash missing from their accounts.
The company have filed for insolvency but it’s meant that companies relying on their services have suddenly seen a stop to transactions. Curve, the app / card combo which lets you add and switch multiple bank and debit cards, has temporarily suspended all services with immediate effect.
The service should be back up and running again in a few days, and they state that all transactions, money and card details are safe and secure.
The Financial Conduct Authority has suspended permission for Wirecard to operate..
Early on in the Financial Times investigation, Wirecard initiated a number of aggressive legal moves to try and stop the newspaper reporting or investigating into their operation.