Fiserv Inc. said that Aldi Nord has moved all of its in-store card payments in Germany to the company.Aldi Nord made the decision in late June to move the in-store acquiring business, which means "Since July 1st, all card payments at Aldi Nord have been handled by Fiserv Inc.," Axel von Schemm, a spokesman for Aldi Nord, told Mobile Payments Today via email. The move follows the insolvency filings of Wirecard AG, which had signed an agreement in July 2019 to handle payment processing for the supermarket chain. Reporting by Douglas Busvine; Editing by Michelle MartinFILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. "According to Fiserv, Aldi Nord has been a client for 15 years, leveraging network service provider services for routing and switching payment services.

The two retailers, founded by brothers Karl and Theo Albrecht after World War Two and run separately today, own 10,000 stores in 20 countries with combined sales estimated at 50 billion euros ($56 billion). "Since then, the cooperation with Wirecard Bank has been limited to business with the Aldi gift card. That makes this one of the biggest deals for Wirecard, which last year was admitted to the DAX index of Germany blue-chip stocks and functions both as an acquirer on behalf of merchants and as an issuer of real and virtual prepaid cards to users. Munich-based Wirecard said on Thursday it was teaming up with car-dealing platform AUTO1 Group to offer digital financial services to consumers, in its first deal with a company backed by SoftBank Group since it struck an alliance with the Japanese investor earlier this year. Fiserv Inc. said that Aldi Nord has moved all of its in-store card payments in Germany to the company. Fiserv Inc. said that Aldi Nord has moved all of its in-store card payments in Germany to the company. Customers will benefit from the wide range of available value denominations. - Wirecard to process credit card and international debit card payments at point-of-sale throughout Germany. FRANKFURT (Reuters) - Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores in the country. Aldi Nord made the decision in late June to move the in-store acquiring business, which means Fiserv now handles processing for 2,250 Aldi Nord locations in Germany through its TeleCash from First Data GmBH business. ASCHHEIM, Germany, July 19, 2019 /PRNewswire/ -- Wirecard, the global innovation leader for digital financial technology, and the ALDI Nord and ALDI … For more information about Wirecard, please check out a detailed profile of this company in our … Moreover, ALDI Nord customers can choose among 10, 20, 50 and 100 euro gift cards. In November Fiserv announced that it had been selected to handle the global launch of Aldi Nord and Aldi SUD's online ordering business for Aldi liefert home delivery.A spokesperson for Fiserv said the company does not comment on speculation related to its business.You may sign into this site using your login credentialsUse of and/or registration on any portion of this site constitutes acceptance of our

The possibility of expanding the cooperation is being considered, the two companies said in a joint statement. ASCHHEIM, Germany, July 19, 2019 /PRNewswire/ -- Wirecard, the global innovation leader for digital financial technology, and the ALDI Nord and ALDI SÜD Groups have signed an MOU and plan to work together in the area of cashless payments. REUTERS/Michael Dalder/File Photo Wirecard will manage the whole gift card platform, assuming responsibility for card issuance and payment processing. Aldi Nord made the decision in late June to move the in-store acquiring business, which means... | … Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores in the country. The food discounter Aldi is apparently watching the Wirecard scandal closely. Wirecard, the global innovation leader for digital financial technology, and the ALDI Nord and ALDI SÜD Groups have signed an MOU and plan to work together in the area of cashless payments. German supermarkets ALDI Nord and ALDI SÜD have both signed up to Wirecard as new customers, which will see the discount retail chains introduce their own gift cards for the first time. Aldi Nord made the decision in late June to move the in-store acquiring business, which means Fiserv now handles processing for 2,250 Aldi Nord locations in Germany through its TeleCash from First Data GmBH business.