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Payments NewsVisa, Mastercard Weigh Cutting Ties With Wirecard After Scandal

Visa Inc. and Mastercard Inc. are considering revoking Wirecard AG ’s ability to process payments on their networks, moves that could cause further pain for the fintech firm that’s been battered by an accounting scandal. The world’s largest payment networks have begun reaching out to some Wirecard clients to prepare them for the possibility, according to people familiar with the matter, who asked not to be named because the information isn’t public.”

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