Wirecard scandal hits UK consumers as online banking apps freeze accounts

Wirecard scandal hits UK consumers as online banking apps freeze accounts

The Curve card and app displayed on a smartphone. 

Curve

Thousands of British consumers have been unable to access their cash as some financial technology apps relying on scandal-hit payments processor Wirecard were forced to freeze their accounts.

On Friday, the Financial Conduct Authority (FCA) orderedthe German firm’s U.K. unit, Wirecard Card Solutions, to stop carrying out regulated…

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