Wirecard Card Solutions Limited is the issuer of the An Post Money Currency card.
The UK financial regulator, the Financial Conduct Authority (“FCA”) has today required Wirecard Card Solutions Ltd to cease all regulated activities.
As a result, all existing An Post Money Currency cards issued by Wirecard Card Solutions Limited have been suspended until further notice. This means that they cannot currently be used by customers in Ireland or abroad.
An Post greatly regrets this inconvenience to our customers and we are working to ascertain what impact this situation will have on customers who hold an An Post Money Currency Card. We will issue a further statement when more information becomes available.
Note: This issue only affects An Post Money Currency cards and no other An Post financial services are affected.
The An Post Money Currency Card is an An Post-branded prepaid Mastercard issued by Wirecard Card Solutions Ltd that allows customers to purchase and top up 16 currencies on a single card.
There are 50,000 currency cards in circulation. Cannot currently confirm the amount of money on those cards.
- We expect that the FCA regulations to protect the customer – For info here is the FCA statement for added context: https://www.fca.org.uk/news/news-stories/requirements-imposed-wirecard-authorisation