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New EML Payments CEO Emma Shand Confronted With Fraudulent Merchants!
On Twitter today, public-listed Australian payment processor EML Payments (www.emlpayments.com) is at the center of a discussion surrounding well-known Wirecard hunter Fraser Perring. It is about the accusation of fraudulent merchants and KYC issues in the EML network. Last year, EML acquired Sentenial and its open banking brand Nuapay for A$112.7M. However, EML Payments announced it discovered fraudulent merchants within the Sentenial direct debit processing business.