Germany-based Wirecard AG, provider of prepaid card issuing and account processing services as well as merchant acquiring and POS terminal processing services in more than 20 countries, filed for insolvency in Munich on June 25, 2020. The filing was made by the holding company and did not cover its subsidiaries. Wirecard had loans due on June 30 for $896 million and on July 1 for $560 million. Wirecard is a principal member of Visa and Mastercard in Europe through Wirecard Bank in Germany as well as e-money licensed institutions in the U.K. and Turkey. The bank in Germany holds an estimated...