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Wirecard . Jun 29 Wirecard North America was formerly the Citi Prepaid Card Services business, which Wirecard AG acquired in 2016. Since the acquisition, Wirecard North America has remained a separate legal entity. © 2016 Wirecard AG 2 Highlights Acquisition North America 120 employees Acquisition of global Citi Prepaid Card Services Global expansion with market entry U.S. Segment leading corporate clients Closing expected as early as Q4 2016 Growth opportunities due to cross-selling effects Highly experienced management team with extensive industry network 2017-3-13 29/06/2016: Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services Citi Prepaid Card Services, with its global footprint, launched and successfully managed over 2,500 programs associated with … 2017-3-13 · E-Mail: press@wirecard.com | www.wirecard.com Seite 1 Corporate News Citigroup sells Asia Pacific customer portfolio for merchant acquiring to Wirecard Aschheim (Munich), 13 March 2017.

The Citi Prepaid portfolio is mostly made up of incentive and compensation cards, as well as corporate payout programs for salaries or travel. Banco Santander (SAN) is acquiring the technology assets from Wirecard as part of its plans to accelerate growth in Europe and enhance its merchant payment platform. FinextraTV spoke to Railsbank about the recent acquisition of payments processor Wirecard, a buy-out of which will hopefully end a tumultuous period for Wire Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016. Wirecard, a leading global group of companies in the area of payment processing and card issuing, can now boast more than 100 new employees in Conshohocken, Pennsylvania and an additional 20 employees in various international locations. DGAP-News: Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services DGAP-News: Wirecard AG / Key word(s): Takeover Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services 29.06.2016 / 18:29 The issuer is solely responsible for the content of this announcement.

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2016-06-29 · Citi’s Institutional Clients Group advised Citi on this transaction. Skadden, Arps, Slate, Meagher & Flom LLP, Sidley Austin LLP and Schwartz & Ballen LLP served as legal advisors to Citigroup. Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016. Wirecard, a leading global group of companies in the area of payment processing and card issuing, can now boast more than 100 new employees in Conshohocken, Pennsylvania and an additional 20 employees in various international locations.

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(Citi Prepaid Card. Services). MyGate in South Africa.

The deal includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. “Travel services was a sector in which Wirecard was not and did not wish to become involved and therefore Hermes was at first not considered an appropriate acquisition,” the defence stated. © 2016 Wirecard AG 2 Highlights Acquisition North America 120 employees Acquisition of global Citi Prepaid Card Services Global expansion with market entry U.S. Segment leading corporate clients Closing expected as early as Q4 2016 Growth opportunities due to cross-selling effects Highly experienced management team with extensive industry network Wirecard AG has finalised its acquisition of Citi Prepaid Services. First announced in June 2016, the deal expands Germany-based Wirecard’s prepaid payment processing business in North America and brings more than 120 former Citi Prepaid employees under the Wirecard umbrella. The North American arm, based in Pennsylvania, is a card issuer which was acquired by Wirecard from Citigroup back in 2016 for €185 million. Wirecard put the market value of its North American business at €824 million It employs some 200 staff, and will be known as North Lane Technologies.
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Citigroup. CIC34. 851WYGNLUQLFZBSYGB56. 1106139-7. Citi is serving as lead financial advisor, capital markets advisor and placement agent to 23andMe.

Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016.
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Wirecard AG has finalised its acquisition of Citi Prepaid Services. First announced in June 2016, the deal expands Germany-based Wirecard’s prepaid payment processing business in North America and brings more than 120 former Citi Prepaid employees under the Wirecard umbrella.