Worldline CEO Says Firm Was ‘Attacked’ by Media Campaign

Worldline SA Chief Executive Officer Pierre-Antoine Vacheron blamed an orchestrated media campaign for the firm’s precipitous share decline in an effort to dig the company out of its current crisis.

Speaking on an call with analysts late Wednesday, Vacheron said Worldline had been “attacked” by the media. Shares in the firm, which describes itself as the largest processor of European payments, closed down 38% on Wednesday after the publication of a series of articles coordinated by the European journalism network EIC that accused Worldline of covering up fraud by some customers in a bid to protect its revenues.