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EY Says Wirecard Gave False Statements During 2019 Audit

PYMNTS

The company was involved in deliberate deceit and had given false statements on escrow while EY was carrying out the 2019 audit of the company, which EY took to the relevant authorities, Reuters reported. The matter concerns the $2.1 billion, which was roughly around a quarter of the company’s books and which no one could prove existed.

Fraud 256
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Western Union: Emerging Market GDP, Innovation Depend On Remittances

PYMNTS

They have provided critical support for those developing markets during the pandemic and will continue their importance after the pandemic is in the rearview mirror, a report by Oxford Economics , commissioned by Western Union , has found. increase in final gross domestic product (GDP) in the recipient country.

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2019: Big Payment, Commerce And Tech IPOs Loom On The Horizon

PYMNTS

A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs.

Payments 223
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Blackhawk Network Buys National Gift Card

PYMNTS

Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS. Together, we drove almost $3 billion in gift cards and prepaid products for loyalty, rewards and employee recognition programs in 2019 alone.”.

National 159
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US New Home Sales Plummet As COVID-19 Hits Housing Market

PYMNTS

As COVID-19 started to impact the housing markets during a wind-down in mid-March, new home sales in the United States plummeted 15.4 Both areas of the country had states that put stay-at-home orders into place before other parts of the nation. percent sales drop in February, per the Commerce Department, the Associated Press reported.

Marketing 199
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Banks can take cues from challengers on digital customer acquisition: Gartner

Bank Innovation

Gartner’s Digital IQ Index for 2019 surveyed 80 banking and financial brands, including national banks, regional banks, online banks and fintech startups. It examined 1,200 data […].

Regional 273
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Global IT Spending To Hit $4T In 2019

PYMNTS

Worldwide spending on information technology is expected to reach about $4 trillion in 2019, according to a report by CNBC. Those numbers come from global research and advisory firm Gartner, which also predicts that companies will spend $125 billion on cybersecurity alone in 2019. Logistics and shipping brought to their knees.

National 154