Todayheadline the independent news and topics discovery A home-grown and independent news and topic aggregation. Today Headline. Share on Facebook Share on Twitter. Wirecard: what is going on on? Why cannot I entry my cash? When will the problem be sorted? What can I do if I can not pay for necessities? You will discover a meals financial institution close to you right here. We pride ourselves on the excellent service we provide our customers and the safety with which they are able to use our cards to spend at home and abroad.
This issue only impacted our cards as the problem stemmed from the company that currently issues our cards — Wirecard Card Solutions Ltd. Our cash and international payments services continue to be available for our customers to use as normal. The FCA authorise and supervise financial service institutions in the UK — from banks, credit card providers and e-money providers, to pension funds and insurers.
They can withdraw permission to provide financial services from any institution they supervise if it is proven that they have not met required regulatory standards.
For more information on the action taken by the FCA and the reasons for it, please see here. It does this by holding it separately from its own money in accounts with banks or another credit institution.
A scandal at German payment provider Wirecard had worldwide repercussions over the weekend, leaving UK customers of a number of prepaid cards struggling to access their cash. But this one very much did.
These include:. Distressed customers took to social media over the weekend sharing stories of being unable to access funds.
All Football. Money News Money Rhiannon Curry. Wirecard: what's going on? Why can't I access my money? When will the issue be sorted? The FCA hasn't said when the problems will be resolved, but there is hope it will be soon. What can I do if I can't pay for essentials?
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