Providing Our Clients With Expert Advice And Industry Best Practices
Call US TODAY
864-649-6300
English Spanish
Menu
Search

In The News

Home > Agent Oversight And Monitoring > Wirecard Collapse Freezes Millions Of Online Bank Accounts: Will Customers Ever Get Their Money Back?
Jun29 - 20

Wirecard Collapse Freezes Millions Of Online Bank Accounts: Will Customers Ever Get Their Money Back?

As the list of banking services that have been frozen because of the collapse of Wirecard grows longer, millions of customers are beginning to wonder: is the money in my account safe? The worrying news is that not even the financial authorities seem certain that it is.

The immediate suspension of WCS on Friday has already caused immense difficulties for some customers who have contacted me.

A Pockit customer wrote to me on Friday, telling me he has autism and relies on Pockit as his only bank card. When he went to pay for petrol using his card on Friday afternoon, the card was declined and the police were called as the customer had no alternative means to pay. “The police still think I didn’t intend to pay as [the card] kept saying not authorized and in their book that means I don’t have it,” the Pockit customer wrote. “I had no idea until I read your story.” Read the complete article HERE.

Categories

Archives

Events

September
9-10, 2021

The 2021 PBC Conference will take place in Washington, D.C. At this event, you will learn more about payments, banking and compliance in the Cannabis…

October
24-27, 2021

The 2021 MoneyFest will take place in Las Vegas from October 24 to October 27. Learn more about this event here.

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.
Call Now Button