Wirecard North America seeks buyer, distances itself from German company
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(Reuters) - Wirecard North America Inc, a unit of German payments company Wirecard AG , on Monday said it has put itself up for sale, days after the troubled parent firm filed for insolvency. The U.S.-based unit, which was bought by Wirecard in 2016, said an investment bank is coordinating the sale process. The unit was formerly known as Citi Prepaid Card Services.It did not provide further details but said Wirecard North America is a separate legal and business entity of Wirecard and is..