EML -10.55%: the embattled payments company took another hit today, disclosing that it had detected fraudulent transactions from its direct debit processing business. The European segment discovered a number of fraudulent merchants taking part in $7.9 worth of transactions through August. Steps to recover a portion of the money have been taken which may reduce losses however it is another stain on the business already struggling with compliance. The full potential loss is around 25% of FY22 earnings.
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