Wirecard Launches Mobile Card Reader Solution for Smartphones

MUNICH, Germany, August 14, 2012 /PRNewswire/ --

• White-label program incl. wallet app
• Mobile card acceptance via credit card and direct debit at point of sale

Munich-based Wirecard AG has once again proved its innovational prowess with its new card-reader concept for smartphones. The white-label program comprises various card-reader solutions, the associated card acceptance and wallet application, as well as open interfaces for developers. The card readers are connected to smartphones or tablets and support both the EMV standard as well as magnetic stripes for mobile card payments at the point of sale. The end customer confirms payment via a touchscreen signature or via PIN entry.

This solution is suitable for all industries. In particular SMEs that want to operate flexibly, independent of traditional terminal solutions, while offering secure card payments using mobile devices are potential users for the card reader. The fact that no additional terminal hardware is required is of particular advantage. Wirecard Bank AG provides card acceptance for the SEPA region. However other acquiring banks can be integrated around the world.

An innovative provider of cash-desk and settlement systems for the gastronomy sector will already start to roll-out the card reader in August 2012.

"New mobile technologies provide impetus on the market for payment services, and drive convergence," explained Dr. Markus Braun, Wirecard AG's CEO. "We use the entire bandwidth of the group's services: from payment processing to banking services, product design to marketing support."

About Wirecard:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions.  Worldwide, the Wirecard Group supports over 13,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies.  Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers.    

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

http://www.wirecard.de |  http://www.wirecardbank.de  |  http://www.mywirecard.com

Wirecard media contact:
Wirecard AG
Maren Brandt
Einsteinring 35
85609 Aschheim
Tel.: +49(0)89-4424-1425
Fax: +49(0)89-4424-2425
E-mail: maren.brandt@wirecard.com
Internet: http://www.wirecard.de