High-risk payments

Black Banx! The Fantastic Story Of Another German Fintech Unicorn And Its Billionaire Founder!

FinTelegram has brought a new report on the fantastic German fintech billionaire Michael Gastauer and his Black Banx. The story is actually really unbelievable, whereas the term "fantastic" in the FinTelegram story was probably meant rather ironic to cynical. In a press release, Black Banx claimed to have more than 20 million customers and more than a billion dollars in revenue. With virtually no website visitors.

New on PayRate42: FCA-Regulated Rapyd Included In Orange Compliance List!

The CyberRating agency has analyzed the FCA-authorized E-Money Institute Rapyd and added it to its Orange Compliance list. Founded by Israeli Arik Shtilman, Arkady Karpman, and Omer Priel in 2015 as CashDash and later renamed Rapyd, the institute not only has an abysmal Trustpilot rating according to PayRate42's findings, but also operators of scams among its merchants. A direct relation to scam facilitators is also VP EMEA, Sarel Tal, who was involved with AlgoPay and Seroph International.

The Trial Against Ex-Chief Braun Started!

Two and a half years after the spectacular bankruptcy of the financial group Wirecard, the mammoth criminal trial against its former boss, the Austrian Markus Braun, has begun. In one of the biggest financial scandals in German history, Braun and two other former managers of the former DAX company will have to answer to the Munich I Regional Court from Thursday. The public prosecutor's office accuses them of accounting fraud, market manipulation, breach of trust and professional gang fraud.

Wirecard Was The House Bank For Companies Behind Youporn And Pornhub!

When Commerzbank terminated the account of the porn company Manwin, Wirecard was on the spot. The German fintech did business with the porn industry for longer than ex-CEO Markus Braun portrayed it to the outside world. Wirecard found its first customers in the gambling and porn industries. Over the years, however, long-time CEO Markus Braun tried to shed the smut image of the early years as best he could.

FinTelegram Uncovers The Beginnings Of Collapsed Wirecard!

According to the latest FinTelegram report, Wirecard was a local German payment processor until 2007. The international take-off started with the acquisition of Trustpay International AG and the two payment veterans Ruediger Trautmann (2005) and Dietmar Knoechelmann (2006). Wirecard acquired companies from them in complicated and secretive transactions, creating a huge international high-risk payment volume. Here is the story of Wirecard's internationalization.

High-Risk Payment Processor Fasto Listed On PayRate42

The cyberfinance rating agency PayRat42 listed the high-risk payment processor and merchant services provider Fasto a/k/a Fasto Payments, which is doing business via legal entities in the U.S. and Estonia. PayRate42 included Fasto in its "Green Compliance" list.

Meet The World’s Leading Crypto Payment Processor In

A few days ago, CoinsPaid, including CryptoProcessing, issued a press release claiming to be the world's largest crypto payment ecosystem. It had processed over €16 billion worth of crypto in total and continues growing by nearly €1 billion per month in the declining market. In Q3 2022, CoinsPaid allegedly processed 4.9 million transactions worth approximately €3 billion.

FCA-Regulated Payment Processor PayDo With Explosive Growth In Russia!

FinTelegram published the initial review of the FCA-regulated EMI and high-risk payment processor PayDo, controlled by the Ukrainian Sherii Zakharov. The payment processor is apparently heavily engaged in Russia, where many of its website visitors come from. Here is our initial review of PayDo.

Former Wirecard Satellite Payabl And The German Online Gambling Business!

The Payabl Group, founded by former Wirecard executives Ruediger Trautmann and Dietmar Knoechelmann and his wife Ayelet Fruchtlander Knoechelmann in or around 2010, is the resulting company from the merger of former Wirecard satellites. The high-risk payment processor regulated by the Central Bank of Cyprus, is evidently focused on the adult and gambling sector. FinTelegram exposed how Payabl processes payments for offshore gambling websites from German clients.

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