- Wirecard guarantees high standards of quality and security
- Next step in implementation of Deutsche Telekom's payment strategy
Deutsche Telekom is now working with technology and
financial services provider Wirecard AG to implement its
payment strategy. As part of this strategic partnership,
Wirecard will put in place the technical processes for
issuing the Telekom MasterCard and support Deutsche Telekom
in processing payments.
"In Wirecard, we have found the best partner for card
management and technical processing, taking the next step
in creating an ecosystem for anything to do with mobile
payment. With the technical implementation of online,
store-based and mobile payment in the safe and experienced
hands of specialist Wirecard, we can concentrate on our
core business," explains Peter Vesco,
Senior Vice President, Business Unit Payment at Deutsche
Telekom.
The partnership does not only provide the technical basis
for the payment card, which will be launched on the German
market at the end of the year, but also covers the planned
launch of Deutsche Telekom's Mobile Wallet in 2013.
"We are delighted that Deutsche Telekom has opted for
a long-term partnership with us. As a technical services
provider, we are in an ideal position to provide the
necessary processes, such as real-time card creation,
payment processing and other additional services for mobile
payment," says CEO Markus Braunat
Wirecard, and continues: "As an innovative solution
provider for the telecommunications industry, we offer a
wide range of mobile payment services, including classic
and contactless cards, NFC stickers, and real-time
provision of virtual cards for NFC-compatible
smartphones."
About Deutsche Telekom
Deutsche Telekom is one of the world's leading
integrated telecommunications companies with almost 130
million mobile customers, 33 million fixed-network lines
and over 17 million broadband lines (as of June 30, 2012).
The Group provides products and services for the fixed
network, mobile communications, the Internet and IPTV for
consumers, and ICT solutions for business customers and
corporate customers. Deutsche Telekom is present in around
50 countries and has over 233,000 employees worldwide. The
Group generated revenues of EUR 58.7 billion in the 2011
financial year - more than half of it outside Germany (as
of December 31, 2011).
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).
www.wirecard.com | www.wirecardbank.com |
www.mywirecard.com
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