Tag: Dietmar Knoechelmann

Payabl is the leading German porn payment processorI
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November 7, 2022

Interesting: German-Cyprus Payabl Seems To Be The Leading Porn Payment Processor!

Recently, the online financial magazine FinanceFWD brought a report about the porn customers of the collapsed German high-risk payment processor Wirecard. For years, Wirecard happily processed payments for the porn empire around MindGeek, for example, for their websites PornHub or YouPorn. Today, the former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann and their German-Cyprus Payabl Group are among the leading porn payment processors, Similarweb data suggest.
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Wirecard and its porn businessN
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November 6, 2022

New Reports About Wirecard’s Porn Business!

In 2021, when Commerzbank terminated the account of the porn company Manwin, Wirecard was on the spot. The German fintech did business with the porn industry for longer than ex-CEO Markus Braun portrayed it to the outside world. Wirecard grew to prominence with customers in the gambling and porn industries. Over the years, however, Braun tried to shed the smut image of the early years as best he could. German FinanceFWD recently published an interesting report.
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Wirecard with Krores Dietmar Knoechelmann and Ruediger TrautmannW
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November 3, 2022

Wirecard Legacy: The Krores Riddle

In 2007, Dietmar Knoechelmann and Ruediger Trautmann, who were Wirecard executives at the time, established the prepaid card provider Krores in Dublin, Ireland. In addition to their executive functions at Wirecard, both also took on the job of directors in the Krores Group. Conveniently, the Ireland office was located in the same building as Wirecard UK and Ireland Limited, Ulysses House. Krores was reportedly sold to a listed German bank sometime around 2010.
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The beginnings of Wirecard with Dietmar Knoechelmann and Ruediger TrautmannF
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November 2, 2022

Forensic Analysis: How Wirecard Became An International High-Risk Payment Juggernaut!

Wirecard was an unremarkable and not particularly innovative German payment processor until 2007. The international take-off started with the acquisition of Trustpay International AG and the two payment veterans Ruediger Trautmann (2005) and Dietmar Knoechelmann (2006). Wirecard acquired companies from them in complicated and secretive transactions, creating a huge international high-risk payment volume. Here is the story of Wirecard's internationalization.
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The Journey from Wirecard and Powercash21 to PayablT
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November 1, 2022

The Untold Story From Wirecard And Powercash21 To Payabl

The Powercash21 scheme is already over 20 years old and was created parallel to the collapsed Wirecard. At that time, the buzzword fintech was not even known. The domain www.powercash21.com was registered in 2000 by Ruediger Trautmann even before he became COO of Wirecard in 2005. From 2001, the website was operated by the German Inatec Group. Among others, the former Wirecard manager Dietmar Kuhl acted as managing director at Inatec. In or around 2011, the Cyprus-registered Powercash21 Limited then took over the website's operation.
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Similarweb statistics for payment processor PayablI
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October 7, 2022

Impressive! Payment Processor Payabl Numbers Exploded Powered By Adult Business And Gambling!

The Similarweb September statistics came out and show that the number of visitors to the website of Cypriot-German payment processor Payabl (formerly PowerCash21) increased tenfold in Q3 2022 - from just under 15,000 to almost 140,000. Similarweb says that more than 55% of website traffic has been sourced from porn sites and just under 35% from gambling, betting, and lottery sites. Payabl is thus likely to have replaced the collapsed Wirecard in Germany as the high-risk payment processor, Similarweb suggests!
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High-risk payment processor PayablP
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October 3, 2022

Payabl Investment Klarpay Proudly Announced Its Q3 2022 Milestones!

Klarpay is a FINMA-regulated FinTech and received an investment from Payabl Group a few months ago. The latter was founded by former Wirecard executives Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander-Knoechelmann. Klarpay announced that in Q3 it became a Principal Member of the VISA network and integrated Visa’s B2B Connect, which enables Klarpay’s business customers to perform cross-currency outbound payments. And it introduced Apple Pay.
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Swiss-Cyprus fintech Klarpay strong in TurkeyS
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September 30, 2022

Swiss-Cyprus Payabl Investment Klarpay Seems To Grow Fast In Turkey!

A few months ago, the Cyprus-based Payabl. (formerly PowerCash21) founded by former Wirecard managers Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander Knoechelmann, led a CHF 3 million investment in the Swiss FINMA-regulated Klarpay AG. Key people of Klarpay are based in Cyprus, and Turkey is probably the most important market according to the latest Similarweb statistics. Klarpay appears as a BDSwiss spin-off, with most of its key executives having worked for the CySEC-regulated broker.
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Fraser Perring and the Zatarra Report about the other Wire Card schemI
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September 22, 2022

Introducing The Other Wire Card

The German Ruediger Trautmann was Wirecard’s COO between 2005 to 2010. According to the Zatarra Report, Trautmann incorporated numerous undisclosed companies in the Wirecard scheme during his tenure. One of these satellite companies was Wire Card UK Limited, where he served as a director from 2006 until its dissolution in 2010. This Wire Card UK did not belong to the German Wirecard Group but was part of the scheme. The similarity of the names was probably no coincidence.
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