Wirecard

Wirecard has introduced a new biometric payment approach enabling consumers to check out in stores by scanning their palms.

Wirecard will supply all digital payment POS services for KaDeWe, a dominant department store operator in Wirecard’s home market of Germany, as part of an expanded relationship.

With Wirecard's value tumbling since a Financial Times report two months ago alleging an accounting scandal in its Asian operations — and a followup Wednesday reporting that half of its revenue comes from "three opaque partner companies" — the German payments processor received a lift from a €900 million ($1 billion U.S.) investment from Japan's SoftBank.

The company’s investment in a small business lender is said to be the biggest ever in Europe; the merger may raise questions from regulators, spur more mergers.

Wirecard AG expects an investigation by an outside law firm to dismiss concerns of accounting breaches and validate conclusions already made by an internal inquiry, as it looks to move past fraud allegations.

Petrol, Slovenia’s leading gas station operator, has partnered with Wirecard and Mastercard, enabling users of Petrol’s MBills mobile wallet to add a prepaid Mastercard to their accounts.

Wirecard is partnering with Visa in Romania on a white-label digital wallet service enabling any card issuer to offer mobile contactless payment solutions through a wallet featuring card controls and account notifications.

Wirecard is developing a fleet card platform enabling companies to control fuel and other vehicle expenses through an open-loop system with Visa payment cards.

Wirecard and Enio, an Austria-based supplier of electric car charging stations throughout Europe, are collaborating to enable contactless payments at thousands of sites.

Wirecard has partnered with Garmin to enable payment acceptance at contactless-enabled payment terminals across Europe through boon, Wirecard’s mobile payment platform.