article thumbnail

Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank

PYMNTS

Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that is facing one of the country’s biggest accounting frauds, the Financial Times reported. The action was triggered when accountants reported $2.1

Houston 278
article thumbnail

Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Credit unions have stepped up to reinforce their digital operations during the pandemic.

article thumbnail

Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News

PYMNTS

It’s a problem that Bill Sheley, senior vice president and global head of Visa Direct , and Rishav Chopra, head of strategy, operations and revenue optimization for QuickBooks owner Intuit , recently told Karen Webster during a PYMNTS interview that digital tech is making big strides to help overcome.

Cards 116