-- 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.
“We continue to closely monitor developments and assess new information as it becomes available,” Visa said in a statement. “Our priority is, and will always be, maintaining the integrity of the Visa payments system and protecting the interests of consumers, merchants and our clients.” “Mastercard is aware of the news regarding Wirecard AG and is monitoring the situation closely,” Mastercard said in a statement. “Our priority is ensuring people are able to continue to use their cards. We will continue to work with all parties and stand ready to take any necessary action.”
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