Citi’s U.S.-based prepaid card business will be purchased by Germany-based Wirecard, which will gain its first assets in North America. The price was not announced. Wirecard, which earns a majority of its revenue in Europe from merchant acquiring and related processing services including mobile payments, also issues prepaid cards in eight European countries directly and with mobile network operators. Citi’s customers are corporations and government entities that use prepaid Mastercard and Visa cards for incentives and commercial payments. Almost all of the cardholders are in the U.S. ...