Wirecard AG : What to make of the strange FT/McCrum vs Wirecard affair?
>Recap on the latest episodes - On Friday and then this morning in a press release, Wirecard has once again rebutted the suspicions of financial irregularities that were (once again) reported by the Financial Times (specifically by the Alphaville blog under the pen name Dan McCrum @FD on twitter), according to which an investigation commissioned by Wirecard to Rajah & Tann, an external legal firm, made the preliminary conclusion of “serious offences of forgery and/or...Wirecard is engaged in the business of global payment processing, risk management and payment acceptance, as well as card issuing. Co. operates in three segments: Payment Processing & Risk Management, which comprises of products and service for the acceptance or implementation and the downstream processing of electronic payments and the associated processes; Acquiring & Issuing, which includes acceptance (acquiring) and issuing credit cards and prepaid cards, as well as account and payment transaction services; and Call Center & Communication Services, which comprises all of the products and services that address the call centre assisted support of corporate and private customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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