![Mastercard and Visa reportedly reconsidering their relationship with Wirecard following accounting scandal Mastercard and Visa reportedly reconsidering their relationship with Wirecard following accounting scandal](https://morningtopnews.com/wp-content/uploads/2020/06/200625174023-mastercard-visa-restricted-super-tease-768x432.jpg)
[ad_1]
“We continue to closely monitor developments and assess new information as it becomes available,” a Visa spokesperson said in an emailed statement. “Our priority is, and will always be, maintaining the integrity of the Visa payments system and protecting the interests of consumers, merchants and our clients.”
Likewise, Mastercard said in a statement that it is tracking the Wirecard news. “Our priority is ensuring people are able to continue to use their cards. We will continue to work with all parties and stand ready to take any necessary action,” Mastercard said.
Founded in 1999, Wirecard was once considered one of the most promising tech firms in Europe. It processes payments for consumers and businesses and sells data analytics services. The company has nearly 6,000 employees in 26 countries around the world.
The company is now in crisis, one that would be worsened if major payment networks were to revoke its access.
-CNN’s Charles Riley contributed to this report.
[ad_2]
Source link