I am surprised to see this recovery in the stock considering there is yet to be an actual finalized report on the corrections of past earnings and actual profits.
Over 5 years ago I worked for a major retailer group that owns over 30 major brands world wide, I had to do a complete overhaul of an ancient payment processing system already utilizing Wirecard.
Shortly after analyzing and re-implementing Wirecards API I was begging the company to ditch Wirecard after discovering numerous bugs, a total lack of technological advancement in REST API communication compared to competitors and a shocking, unacceptable 48Hr response/acknowledgement time to tickets on payment gateway outages.
The company directors not convinced with by my reasons to ditch Wirecard but management was, I backed those reasons up with the many negative Wirecard reviews I could find on the web and the gold was finding Ex and even active German Wirecard Employees leaving negative employee reviews on Glass Door at that time and I quote “Internal Disputes”, “Poor Management”, “Poor communication between departments” translated from German reviews.
I don’t know what Wirecard’s API or Support is like 5 years later but I do know just over a year ago the consumer in question did abandon an unknown portion of Wirecard’s services in favor of Stripe.com
Unless Wirecard can pull a rabbit out of its none wizardry hat, there is a chance retailers will take this scare as an excuse to switch to better payment gateway providers.